According to New York City records, the median price for an apartment in Manhattan in the month of January was $1,200,000. The price represents an increase of 11.3% from last year’s median price of $1,077,500. The number of sales increased from 801 to 1,056 representing a year-over-year increase of 31.8%.

What exactly does $1.2 million get you in Manhattan? Let’s take a closer look.

Apartment 5B at 340 East 64^th Street, aka The St. Tropez, is a sunny two-bedroom, two-bath apartment with well proportioned rooms.  The 1,167 square foot home offers a grand living room (13’11” x 25’2”) and an adjoining dining foyer (7’11” x14’8”).

A spacious primary bedroom (11’11” x 17’7”) presents a walk-in closet and a recently renovated en-suite bath with a stall shower.  The second bedroom adjoins the first.

The post-war property commands the entire blockfront, stretching between East 63rd Street to East 64th Street along First Avenue.  There is a porte-a-cochere that runs the full length of the property. 

The St. Tropez opened in 1965 as the first residential condominium in New York City.  The minimal looking dark brick building rises 35-floors and contains 295 apartments ranging in size from one-to-three-bedrooms.

This full service building offers a number of amenities including a seasonal rooftop pool, residential lounge with catering kitchen, fitness room, playroom and a parking garage.  There is an on-site management office as well. 

Apartment 5-B at 340 East 64^th Street was introduced to the market in April 2021 for $1.39 million. The closed price of $1.2 million represents a 13.7% price drop from the original ask.  The per square foot price of the sale was $1,028.

The listing was represented by Julie Effron of Corcoran. Please visit Linecity for more details.