Manhattan | September 2022

According to New York City records, the median price for an apartment in Manhattan for the month of September 2022 was $1,150,000 The price represents an increase of 6.5% from last year’s median price of $1,075 000. The number of sales dropped from 1207 to 1,170 representing a year-over-year decrease of 3%.

What exactly does $1.150 million get you in Manhattan?  Let’s take a closer look.

Apartment 4-F at 280 Rector Place, aka The Soundings, is a renovated corner two-bedroom, two bath condo with direct park views and seasonal river views.  

The Soundings is a post-war condominium located in the southern portion of Battery Park City across from Rector Park and one block east from the Hudson River Esplanade.

Apartment 4-F measures 915 square feet across four rooms.  The residence offers a clean, contemporary aesthetic with oversized windows and abundant light. The corner living room (13’x21’) features wide plank floors, track lighting and crown moldings.  Upon entry there is a small foyer and an extended gallery wall that leads to a dining area. 

The kitchen opens to the living room and exudes a simple elegance.  The space features light colored stone countertops, including a waterfall design over the peninsula, and stainless steel appliances.  There is also a stainless steel farmhouse sink.  The wood floors continue into the kitchen. 

The primary bath is set in light tones and emulates the same clean aesthetic seen throughout the residence.  

Built in 1987, The Soundings rises 9 floors and contains 119 apartments.  Amenities include a full-time doorman, garage, fitness center, residents lounge, children’s playroom, roof deck, common laundry facilities, bike room and cold storage.  

Apartment 4-F at 280 Rector Place was first listed in June 2022 at $1.195 million.  Within three weeks, the property went to contract.  The property sold for $1.150 million in September, about 4% off the original ask.  The price represents a per square foot value of $1,256.The residence was represented by Andrew Klima of Serhant LLC.  Please visit Linecity for more details. 

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