Manhattan | April 2022
According to New York City records, the median price for an apartment in Manhattan in the month of April 2022 was $1,270,000. The price represents an increase of 10.4% from last year’s median price of $1,150,000. The number of sales increased from 953 to 1,139 representing a year-over-year increase of almost 20%.
What exactly does $1.270 million get you in Manhattan? Let’s take a closer look.
420 Central Park West, aka The Jadam, is a prewar condo located on the northwest corner of East 102nd Street and Central Park West. The art-deco building rises six floors and contains 56 apartments. There is a full-time doorman and a resident superintendent.
Apartment 5-B is a charming corner home with good light and a host of architectural details. The five-room residence offers a split bedroom layout, a true dining area and a formal foyer. Both bedrooms offer double exposures.
The renovated windowed kitchen offers a contemporary design with a pass-through to the living room. There are stone countertops as well as stainless steel appliances.
Additional details include a step-down living room, arched entryways, heavy crown and base moldings. The dark-stained plank floors add additional elegance.
What makes apartment 5-B even more attractive are the low monthly charges. The total taxes and common charges are just $1,129 per month. Apartment 5-B at 420 Central Park West was first introduced to the market in September 2021 at an ask of $1.25 million. The listing was represented by Haley Venn of Compass.
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