According to New York City records, the median price for an apartment in Manhattan for the month of March 2023 was $1,150,000. The price represents an increase of 2.2% from the median price of $1,125,000 recorded in March 2022. The number of apartment sales, however, dropped dramatically from 1237 to 873 reflecting a year-over-year decrease of 29.4%.
March represents the sixth consecutive month that the volume of year-over-year sales have dipped in the borough.
What exactly does $1.150 million get you in Manhattan? Let’s take a closer look.
Apartment 8-F at 467 Central Park West (aka The Warner) is a spacious two-bedroom prewar condominium located within the Manhattan Valley neighborhood of the Upper West Side.
The airy corner home features abundant light, high beamed ceilings and hardwood floors. There are two windowed baths and an eat-in windowed kitchen. A large entry foyer adds a touch of formality to the residence.
467 Central Park West is a prewar building located between West 106th Street and West 107th Street across from Central Park. Built in 1929, the building rises 16 floors and contains 99 apartments. The building was converted to condominium ownership in 1993.
The condo provides a full-time concierge and a resident manager. Amenities are limited to a laundry room, a bike room and private storage (current waiting list).
Apartment 8-F at 467 Central Park West was first listed in April 2022 for $1.325 million. The closing price of $1.15 million represents a 13% drop from the original ask.
At 1,152 square feet, the apartment sold for $998 per square foot.The property was represented by Danielle Lewis of Corcoran. Please visit Linecity for more details on the sale.