It used to be so simple. You go to the right schools, work your tail off at a Wall Street law firm and make partner. Then, to signal that you’ve arrived, you buy a grand apartment on New York’s Upper East Side.

Like your ascension in Big Law, you climb the real estate ladder gradually—and strategically. Maybe your early purchase was a tidy apartment on one of the side streets in the East 70s or 80s. But as you settled into partnership, you clawed your way to the ultimate prize: a “Classic 8″ apartment on Park or Fifth Avenue.