What You’ll Pay
The average price for the 19 one-bedroom co-ops sold during the first seven months of 2019 was $934,000, while the average price for the seven one-bedroom condos sold in that period was $1.3 million, according to Claire Groome, a broker at Warburg Realty. In all, 71 co-ops and 23 condos were sold, with average prices of $2.92 million and $3.41 million, respectively.
“Buyers are taking their time, but the numbers are strong,” Ms. Groome said. “Central Park West is full of special apartments, and even with side views of the park or on low floors, people will have the high ceilings and grand spaces.”
Of course, she noted, apartments on higher floors with park views and recent renovations command higher prices, but they cost only about half as much as comparable apartments in new super-tall condos. Apartments above West 96th Street typically cost less, though exceptions include 445 Central Park West, the former New York Cancer Hospital, which was transformed into a “fancy-schmancy” condo in 2002, Ms. Groome said.
In early September, the street’s least expensive apartment on StreetEasy was a one-bedroom, one-bath co-op at 370 Central Park West (at 97th Street), listed at $600,000. The most expensive was a four-bedroom, two-and-a-half-bath co-op at 88 Central Park West (at 69th Street), asking $12.95 million. The cheapest rental was a studio in a prewar co-op building at 257 Central Park West (at 86th Street) for $2,500, and the priciest was a two-bedroom, two-bath apartment in a condo building at 25 Central Park West (at 62nd Street) for $9,500.
The talk of the neighborhood these days is the installation of new bicycle lanes along the park side of the street. They are intended as a safety measure, but some residents fear for the safety of people emerging from cars and are upset over the loss of 400 parking spaces by the end of next summer. Helen Rosenthal, the City Council member representing the area, said: “The Department of Transportation will come back to make sure everything is working smoothly, and will make changes if needed.”
Food shopping choices include a Whole Foods at Columbus Avenue and West 97th Street and one at the Time Warner Center, and Schatzie the Butcher on Broadway near West 101st. Columbus Circle, Columbus Avenue and Broadway have many restaurants.