Park West Village Market report Year to date

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.

Total sales 372 382 392 400
21 6 4 5 6

Sales by apartment size

1bd w terrace 11
2bd 4
big studio 2
small studio 3
1bd no terrace 1
Active 372 382 392 400
3 3 5 6

Active by apartment size

Small studio 9
Big Studio 3
1bd w terr 3
2bd 2

There have been 3 small studios(approximately 545 sqft) sold in 6 months and there are 9 in the market. That translates to an inventory of 18 months which is why the prices have been dropping on that apartment size.

With only 2-2 bedrooms available for sale in all 4 buildings that size of apartment is in demand along with the 1 bedroom with terrace which only have 3.

The least expensive sale this year was apartment 5L in 400 CPW which sold for only $740,000 and the most expensive was a combination which sold for $5,445,000.

400 Central park west currently has 2 studios asking $710k and $738k which might end up selling for low $700’s or high $600’s.

 

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.