Manhattan | August 2022

According to New York City records, the median price for an apartment in Manhattan in the month of August 2022 was $1,175,000 The price represents an increase of 9.6% from last year’s median price of $1,072,500. The number of sales increased from 1308 to 1,546 representing a year-over-year increase of 18%.

What exactly does $1.175 million get you in Manhattan?  Let’s take a closer look.

Apartment 1518 at 7 East 14th Street, aka The Victoria, is a renovated corner one-bedroom just west of Union Square.  The sun-filled residence enjoys open views to the south and daily sunsets.

The Victoria is a full-service post-war co-op that is ideally located at the crossroads of two of the city’s most vibrant neighborhoods, Greenwich Village and Chelsea.  For those who like action, this is the place.  Local express trains east and west will take you just about anywhere quicker than you can message an Uber.

This oversized one-bedroom delights in many ways.  The contemporary renovation provides a stylish setting.  A true dining area provides a sense of space. The southern light and wide plank bamboo flooring provide warmth.

The galley kitchen also has a clean aesthetic.  White cabinets and white stone countertops set the tone.  A gray tiled backsplash provides contrast.  The bamboo floors continue into this space.  Stainless steel appliances complete the picture.

Built in 1985, The Victoria rises 21 floors and contains about 495 apartments.  Amenities include a garage, common laundry facilities, bike room and cold storage.  

Apartment 1518 at 7 East 14th Street was first listed in April 2022 at $1.15 million.  Within three weeks, the property went to contract.  In August the property sold for $1.175 million, $25,000 above the ask. 

As noted, local underground transportation is aplenty. The Union Square station at 14th Street and Fourth Avenue – just outside your door – provides access to the IRT Lexington Line, the BMT Broadway Line and the BMT Canarsie Line. To the west, the station at 14th Street and Sixth Avenue is serviced by the IRT Broadway/Seventh Avenue Line, the BMT Canarsie Line and the Sixth Avenue Line.

Apartment 1518 at 7 East 14th Street was represented by Uri Hanoch, Larisa Shaer, Jamyl Harrison of Compass.  Please visit Linecity for more details.

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