According to New York City records, the median price for an apartment in Manhattan for the month of September 2023 was $1,087,000. The price represents a decrease of 5.5% from the median price of $1,150,000 recorded in September 2022. The number of apartment sales fell from 1,170 to 821 reflecting a year-over-year decrease of 30%.
September represents the eleventh consecutive month that the volume of year-over-year sales have dipped in the borough.
What exactly does $1,087,000 get you in Manhattan? Let’s take a closer look.
Apartment 17-DE at 153 East 57th Street (aka The Gotham Towne House) is a sun drenched combination two-bedroom, two bath apartment in a post-war co-op in the Midtown East neighborhood of Manhattan.
The Gotham Towne House is located between Third Avenue and Lexington Avenue among some of the world’s most expensive apartments.
Apartment 17-DE enjoys a split bedroom layout with a separate windowed home office and a large welcoming foyer. The entire apartment faces south and both the living room and the primary bedroom suite enjoy corner exposures.
The open kitchen, while undersized, is smartly renovated with a contemporary appeal. The kitchen features lacquered Italian cabinetry, a geometric glass tile backsplash and a suite of high-end appliances, including an integrated Liebherr refrigerator. There is a wrap-around peninsula with stool seating as well..
The ensuite bath is accessible both from the bedroom and the entry foyer. The bath is clad in Windsor Cream marble and is replete with a stall shower (with bench) and custom cabinetry.
Additional apartment features include wide plank oak floors, a stacked washer/dryer and plentiful built-ins for storage and display.
The Gotham Towne House provides a full-time concierge and offers garage parking, common laundry facilities, storage and a bike room.
Apartment 17DE at 153 East 57th Street was introduced to the market in April 2023 for $1,250,000. Within a month, the listing went to contract. The closing price of $1.087,500 represents a 13% drop from the original ask.
The area is serviced by the Lexington Avenue subway line at Lexington Avenue and East 59th Street. Here one can catch the express 4 and 5 trains as well as the 6 local train downtown or uptown. The Brown Harris Stevens team of Justin Park, Daniella Gross Schlisser, and Alexa Dayan represented ownership. Please visit Linecity for more details on the sale.