According to New York City Records, the median price for an apartment in Manhattan in the month of November was $1,050,000. The price represents a slight decrease from last year’s median price of $1,060,000. The number of sales increased from 651 to 1,109, representing a year-over-year increase of 70%.
What exactly does $1,050,000 get you in Manhattan? Let’s take a look.
Apartment 4-C at 18 West 70th Street is a 2-bedroom, 2 bath co-op located in the heart of Lincoln Square, just steps from Central Park. This sponsor apartment was first listed for $1,100,000 and sold for $1,050,000.
The renovated residence offers a flowing layout, which welcomes you with a formal foyer and leads you through the home’s common areas with grace. Every bit of space is optimized, creating a home that feels larger than it actually is.
The open kitchen is the first room you pass; it’s exquisite. Marble walls and counters, integrated appliances, white base cabinets and floating upper shelves create a timeless appearance. A window over the sink offers a ray of light.
Turn the next corner and there is a stunning built in dinette table. A set of wall sconces adorn the wall. A third pivot and you enter the living room. While it’s not particularly large, it has its charm. Beamed ceilings, rich moldings and solid rift oak flooring – which show throughout the residence – help create a beautiful home.
The marble bath, like the rest of the apartment, maximizes the use of space. It features a stunning double vanity, a deep soaking tub and a large mirrored medicine cabinet. A window adds natural light.
18 West 70th Street is located between Central Park West and Columbus Avenue. The building opened as a rental property in 1925 and was converted to co-operative ownership in 1984. It is a modest mid-block building, rising 9 floors while offering 59 apartments. There is a landscaped courtyard for residents. The low monthly maintenance fees of $1,448 is worth a mention.