Matrix T7xi User Manual download pdf (Page 3)

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ar beyond being a trend, gyms,also known as health

clubs and ﬁtness centers, are becoming as ubiqui-

tous as lobbies and elevators. You’d be hard put to

ﬁnd a single new-construction condominium that

doesn’t have one, and many older cooperatives and condos,

anxious to stay up-to-date, are weighing the option so as

not to look like dumbbells. “If you don’t have one, you’re

at a competitive disadvantage,” says Deanna Kory, a senior

vice president and associate broker at Corcoran Group Real

Estate. “There are people who look at two similarly sized

apartments who will be swayed to the building with the gym

— often.”

And that, she says, can eect all apartments’ overall resale

value. “Everybody who owns in a building thinks there may

come a time when they’ll need to sell, and any sale in the

building impacts on their apartment’s value. Gyms started

going into buildings because people really did want that.”

That is true, saysE. Cooke Rand, an attorney and a board

member of a co-op on East 84th Street near Lexington

Avenue. His 48-year-old white-brick building retroﬁtted a

gym “probably 10 years ago, and we redid the gym last year,

completely modernizing it with 10 or 15 pieces of state-of-

the-art equipment, each one with its own television screen.

It’s been a very popular beneﬁt.”

His building is rare because it doesn’t charge sharehold-

ers to use the gym, considering it an amenity.But for other

buildings, a gymnasium can be a continuing source of great

revenue for the corporation.

Putting a Fitness Center

in an Existing Building

ealth Clubs an

d Fitness

Centers have become

the norm in Co-ops & Condos...

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Matrix T7xi User Manual Page 3