According to New York City records, the median price for an apartment in Manhattan in the month of June was $1,184,694. This price represents a 25.4% increase from last year’s median price of $944,000. Not surprisingly, the number of sales increased dramatically, almost 75%, climbing from 754 to 1,317.

So, what exactly does $1.184 million get you in Manhattan today? Let’s take a look.

Search no further than the Park Loggia at 15 West 61st Street, a striking new condo development located just steps from Central Park.  Apartment 16-D is a 559 square foot studio that enjoys the same palate of elegant materials and finishes as the larger homes in this exquisite building.  The living area (18’2”X11’4”) boasts five oversized windows and an open gourmet kitchen decked with slabs of quartzite, a suite of high-end appliances, designer lighting and lacquered cabinetry.

The windowed bath has marble floors, marble vanity, custom cast sinks and chrome fixtures. A foyer entry and a washer/dryer unit completes this Upper West Side residence.

The price of $1,184,694 represents a per square foot mark of $2,119.  The larger units in the building have been averaging a per square foot price north of $2,500.

The Park Loggia is a full-service condo located on the northwest corner of  Broadway and West 61st Street.  The building skies 32 floors and contains 171 apartments.  Amenities are plentiful and include a wide assortment of outdoor and indoor activities.  The outdoor common area includes a terrace and garden with barbeque, fire pits, lawns,  pergola and rooftop lounge.  Inside amenities comprise a fitness center, yoga studio, game room, resident’s lounge with fireplace, private dining room with catering kitchen, conference room, golf  simulator, screening room and children’s playroom. 

And if you prefer to indulge the neighborhood, the greatness of Central Park and the culture of Lincoln Center are within immediate walking distance.

The Park Loggia is exclusively represented by the Corcoran Group. Please visit Linecity.com to learn more about this development or this particular apartment.