Manhattan | April 2022

By Linecity, June 20, 2022

According to New York City records, the median price for an apartment in Manhattan in the month of April 2022 was $1,270,000. The price represents an increase of 10.4% from last year’s median price of $1,150,000. The number of sales increased from 953 to 1,139 representing a year-over-year increase of almost 20%.

What exactly does $1.270 million get you in Manhattan?  Let’s take a closer look.

Apartment 5-B at 420 Central Park West is a renovated two-bedroom, one bath apartment at the northern end of the park.    

420 Central Park West, aka The Jadam, is a prewar condo located on the northwest corner of East 102nd Street and Central Park West.   The art-deco building rises six floors and contains 56 apartments. There is a full-time doorman and a resident superintendent. 

Apartment 5-B is a charming corner home with good light and a host of architectural details.  The five-room residence offers a split bedroom layout, a true dining area and a formal foyer.  Both bedrooms offer double exposures.

The renovated windowed kitchen offers a contemporary design with a pass-through to the living room.  There are stone countertops as well as stainless steel appliances.

Additional details include a step-down living room, arched entryways, heavy crown and base moldings.  The dark-stained plank floors add additional elegance. 

What makes apartment 5-B even more attractive are the low monthly charges.  The total taxes and common charges are just $1,129 per month.  Apartment 5-B at 420 Central Park West was first introduced to the market in September 2021 at an ask of $1.25 million.  The listing was represented by Haley Venn of Compass. 

Please visit Linecity for more details.