Real estate, Upperwestside

372 Central Park west The Vaux Condominium

This 19 story Upper west side condo sits at the corner of 97 street and Central Park west and originally featured studios to 2 bedroom apartments. Some combination apartments are even larger. One of the main reasons that buyers choose the Vaux condo is because of the low monthly charges which are approximately $1 per square foot. Additionally, the building features a concierge, live-in-super, on site management, gym, childrens’ playroom, plenty of outdoor seating areas and parking! Parking is on waitlist which is currently about 3 years.

The Vaux condo as seen from Central Park west. Corner apartments are 2bd/2ba with terrace
The Vaux condo as seen from Central Park west. Corner apartments are 2bd/2ba with terrace
Currently there is one studio for sale in the 400 plus unit for sale at just under $700k. A combination unit needing work 11XY which was asking $2.195mm is in contract. It is a combination of a large 1 bedroom and a large studio apt.
Currently there is one studio for sale in the 400 plus unit building for sale at just under $700k. A combination unit needing work (11XY) which was asking $2.195mm is in contract. It is a combination of a large 1 bedroom and a large studio apt.

372 CPW currently 1 apt is available which is a studio for $699k
372 CPW is located next to Central Park and apartments have northern and southern exposures primarily.

This postwar building is ideally located with a subway entrance at the corner, M10 and crosstown M96 also nearby.  In 2014, there were 11 sales in the approximately 414 unit buildigs and 2015 is off to a fast start with 5 closings in the first three months of the year.

2015 Sales include

4E Studio $695,000
17N 1bd/1ba with terrace $1,110,000
1G Studio $715,000
9H 1bd/1ba $1,120,000
18G Studio $715,000

The sponsor still retains slightly under 20% of the apartments and they are held by rent stabilized tenants. Typically, as these tenants leave the sponsor renovates the apartment and then sells them. South facing apartments are very warm and sunny and as a result sell at a premium.