Manhattan | December 2021

By Linecity, January 25, 2022

According to New York City Records, the median price for an apartment in Manhattan in the month of December was $1,175,000. The price represents an increase of 4.1% from last year’s median price of $1,126,500. The number of sales increased from 949 to 1,111, representing a year-over-year increase of 17%.

What exactly does $1,175,000 get you in Manhattan? Let’s take a look.

Apartment 12-C at 365 West 20th Street, aka Chelsea Court Tower,  is a well-appointed one bedroom prewar co-op located in the vibrant neighborhood of Chelsea. Originally configured as a two-bedroom, the residence has been artfully remodeled by the design firm of Halliday Greer.   

The architect transformed two small bedrooms and created a 23-foot expanse with six oversized windows and three exposures.  The resulting bedroom is flush with light and offers endless city views, which includes both the Empire State Building to the north and Hudson Yards to the west.  The expanded room can easily accommodate a home office.

The living area is a comfortable space (14’10”x16’2”) that includes a stylish open kitchen and a separate dining area.  Blond oak floors and beamed ceilings run throughout the apartment.

The open kitchen has a modern flair and offers custom wood cabinets, granite countertops and a subway-tile backsplash.  The suite of high-end appliances includes a Smeg range, an integrated Liebherr refrigerator and an integrated Bosch dishwasher.

The windowed bath features stone clad walls and floors. It offers a large soaking tub, a rain showerhead and a custom floating vanity.

365 West 20th Street is located on the southeast corner of Ninth Avenue and West 20th Street.  Designed by the celebrated American architect C.P.H. Gilbert, the building opened in 1928, two years prior to the opening of the massive London Terrace apartment complex three blocks to the north. The property rises 16 floors and contains 70 apartments; it was converted to co-operative residences in 1979.  Amenities include a part-time doorman, bike room, laundry room, storage and a common roof deck.

The building sits just outside the Chelsea Arts District and is within easy walking distance to The Highline, Chelsea Piers and the Hudson River Greenway.Apartment 12-C at 365 West 20th Street was first introduced to the market in September 2021 at $1.195 million.  It took just two weeks for the property to go to contract.

Fabio Petrolino, John Gasdaska and Jonathan Conlon of Corcoran represented ownership. To learn more about this lovely home, please visit Linecity.