A 648 sqft apartment with northern views has come on the market in the Olmstead condominium. The full service postwar building features a renovated lobby features, gym, and exercise studio where various classes are taught. Take a look at the video to get a sneak peak.
The Author- 
Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every Manhattan market from Battery Park City to Washington Heights.
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 | |
| 372 | 2 |
| 382 | 4 |
| 392 | 4 |
| 400 | 2 |
| Inventory by apt size | |
| Studio | 3 |
| Big studio | 3 |
| 1 bd w terrace | 5 |
| 2bd/2ba | 1 |
The below tables show currently signed contracts by building and by unit size.
| Contracts by building | |
| 372 | 4 |
| 382 | 2 |
| 392 | 2 |
| 400 | 4 |
| Contracts by unit size | |
| Studio | 4 |
| Big Studio | 1 |
| 1 bed without terrace | 1 |
| 1 bed w terrace | 4 |
| 2bd/2ba | 2 |
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.
Park West Village market report 1st half 2018
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.
A convertible 1 bedroom has been listed in the Olmstead condominium at 382 Central Park west. The apartment is a north facing 648 sqft, with a renovated kitchen and bathroom. The monthly charges are very low at $910 for a full service building with a gym, parking(waitlist), and an exercise studio which features classes for residents. See VR Tour below.
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.
Here is the update on the market conditions in Park West Village, the 4 building condo complex that runs from West 97th street to West 100th street between Columbus and Central Park west. Inventory is low with each building having no more than 3 units available for sale. Considering that each building has over 400 units, that’s a minuscule amount of inventory available. Interestingly, there are no 2 bedroom/2bathroom apartments available right now in the Upper West side complex.
The table below shows the number of active listings, contracts signed this year that have not closed and closed sale since the beginning of the year.
| Building # | listings | contracts | sold | |
| 400 | 3 | 1 | 3 | |
| 392 | 2 | 1 | 3 | |
| 382 | 3 | 4 | 3 | |
| 372 | 2 | 1 | 5 |
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.
