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.
The property was represented by Dan Fishman and Andrew Hatcher of Corcoran. At this time there are no other availabilities in the building. To look at past sales, please visit Linecity.com.