Park West Village is a 4 unit condo complex on Central Park West on Manhattan’s Upper west side. 372,382,392 and 400 CPW are all 19 story buildings with approximately 414 +/- units and share similar amenities and low monthly charges.
There were two sales in the 4 building complex in the month of July and both were in 382 Central Park west aka the Olmstead. Apt 3A, a renovated 845 sqft, north facing apartment with a balcony fetched $1,076,500 and took 3 months to go to contract in May before closing in July. While apartment 16G, a south facing, 545 sqft studio was listed back in November of last year, also took 3 months to go to contract and then 4.5 months from contract to closing and closed for $765,000.
Below is the current inventory by building and the availability by unit size.
|Current active inventory|
|Inventory by apt size|
|1 bd w terrace||5|
The below tables show currently signed contracts by building and by unit size.
|Contracts by building|
|Contracts by unit size|
|1 bed without terrace||1|
|1 bed w terrace||4|
There are 12 total listings for sale and the amount of time it would take to sell all 12 listings is projected as 6 months. However, with 12 properties in contract that will likely close in the next 3 months, the sales per month for the next 3 months will likely be in the range of 4 per month which would suggest the current inventory might only last 3 months.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.