Articles on Central Park West Condos

The Apthorp Penthouse Additions Not Good Enough for LPC

the Apthorp UWS Condo

Developers of The Apthorp, an Upper West Side icon, have been attempting to bring new penthouses to the roof of the landmarked building since last year, and now Area Property Partners will have to put off the potential addition a little longer. Yesterday, a meeting was held with the Landmarks Preservation Commission, and its back to the drawing board for Area Property Partners.

Volume of Sales Slows Down at 15 Central Park West

15 Central Park West is seeing a drop in sales volume

Although 15 Central Park West has had some very impressive sales in the recent past, a recent news report has said that the volume of sales in the luxury condominium building has slowed down over the past few months. While there were 17 apartments sold at this very exclusive address in 2011, this year has seen only five apartments in the building finding buyers so far. This has been attributed to the sky-high figures being asked for the remaining condos in the building, with some real estate brokers calling some of these homes not worthy of such striking prices.

Manhattan Real Estate Strengthens NYC’s Global Image

The Manhattan skyline, the hottest real estate market in the worldFew New Yorkers would be surprised to hear that many consider Manhattan as the hottest real estate market in the world, but some might be taken aback that international buyers often regard Manhattan condos as “bargains.” People across the globe tend to view Manhattan as unceasingly dynamic and fast-paced. International buyers from places like the UK, China, and Brazil, however, are not only attracted to Manhattan because of its energy, but also because of the stability and value of its real estate market. These international buyers are purchasing Manhattan property at a rapid rate and are sure to change the face of Manhattan real estate once again.

High-End Manhattan Apartments Selling Like Crazy

High-end apartments in popular Manhattan neighborhoods near Central Park are altering the way people look at how much it should cost to live here.The Manhattan sales market for residential apartments is split along price lines like never before. And even though that doesn’t sound like good news, it is. While the middle of the market is still recovering and has little inventory, the low-end of the market is thriving and the high-end is out of control in the best way. Want proof? A penthouse with Central Park views in a great Upper East Side pre-war co-op sold for $21 million last week, and no one noticed. It barely registered as news. This goes to show just how commonplace such sales have become, and how the highest sectors of the market have irreversibly shifted expectations toward the extravagant. $14 million for a townhouse here, $18 million for a 3-bedroom here; no big deal. Show people something north of $50 million and then they might be impressed. And it’s not just perception either; recent stats confirm that these numbers are now par for the course.

15 CPW Double Apartment Selling for $95 Million

15 Central Park West is slated for a $95 million sale.It’s no secret that Manhattan has seen a series of huge sales recently. Listings in Manhattan are carrying some of the heftiest price tags the city’s ever seen, and apartment owners aren’t bashful about it either. The most recent addition to this trend will be on the 35th floor of Manhattan's premier condominium. However, what separates this property from other trendsetters is the fact that the condo is actually two apartments combined together to form one massive 5-bedroom unit. The price tag? $95 million.