According to New York City records, the median price for an apartment in Manhattan for the month of May 2023 was $1,205,000. The price represents an increase of 4.8% from the median price of $1,150,000 recorded in May 2022. The number of apartment sales, however, fell from 1,380 to 1,076 reflecting a year-over-year decrease of 22%.
May represents the seventh consecutive month that the volume of year-over-year sales have dipped in the borough. On a positive note, the number of sales in Manhattan jumped from 813 to 1,076 between April and May, representing a 32% increase.
What exactly does $1,205,000 get you in Manhattan? Or in this case $1,210,000. Let’s take a closer look.
The corner home features good light, beamed ceilings and herringbone floors. In addition there is a large dining foyer which allows for separate living and dining areas. The bedroom has two walls of built-ins which includes base cabinets and bookshelves. Both the kitchen and the bath have windows.
44 East 67th Street is a boutique prewar located between Madison Avenue and Park Avenue, just two weeks east of Central Park. Built in 1939, the art-deco styled building was designed by the preeminent architect Rosario Candela. The structure rises 12 floors and contains 45 apartments; it was converted to co-operative ownership in 1979.
The building provides a full-time doorman. Amenities include a common garden, bike room, private storage and laundry room.
Apartment 4-D at 44 East 67th Street was first listed in October 2022 for $1.495 million. In March 2023, the listing went to contract after a price drop to $1.395 million. The closing price of $1.21 million represents a 19% drop from the original ask.
At 846 square feet, the apartment sold for $1,430 per square foot.
The area is serviced by the 6 Train located at 68th Street and Lexington Avenue and the Q line at 72nd Street and Second Avenue.The property was represented by Ian Slater and Carlin Smith of Compass. Please visit Linecity for more details on the sale.