REAL ESTATE • Sold
What’s the shelf life on luxury real estate? The Upper West Side is finding out in real time, as a number of its most notable addresses — sprawling, classic grande dame buildings — are working on their second century of refined living.
Broadly, the neighborhood has been struggling to keep up. The median price for condos on the Upper West Side climbed only 8.2% over the last 10 years, per Elliman’s Manhattan Decade Sales report (warning: you could easily lose an hour in that document). Co-ops are up a scant 7.4% for the decade. Both numbers trail the Manhattan average increase of 22%.
As for those aging classics, big-ticket listings do remain, sometimes at sale prices. Take this 4BR in The Astor (122 years old and recently retooled, above), which went into contract last month after a long haul on the market and a half-million-dollar price cut. Three blocks south and two east, this 3BR at The Dakota (144 yo) also required a hefty chop before finding a buyer in December.
For your consideration, the full details, plus another recent contract (also post-reduction) in a hundred-year-old building in the West ‘70s:
→ 1 W. 72nd St., #45 (The Dakota, Upper West Side, above) • 3BR/2BA, 2600 SF co-op • Closing ask: $4.75M • Formal dining room, eat-in kitchen, heavy molding • Days on market: 86 • Maintenance/CC: $11,057 • Agent: Daniela Kunen, Elliman.
→ 127 W. 79th St., Apt. #11C (Clifton House, Upper West Side) • 4BR/3BA, N/A SF co-op • Closing ask: $4.10M • Three exposures in 1927 building • Days on market: 135 • Maintenance/CC: $5829 • Agents: Lisa Lippman and Gerard “Scott” Moore, Brown Harris Stevens.
→ 235 W. 75th St., #402 (The Astor, Upper West Side) • 4BR/4.5BA, 3253 SF condo • Closing ask: $6.85M • Modernized with historic detail • Sales launch date: 7/27/17 • Monthly taxes: $5827; Maintenance/CC: $4390 • Agents: Michael Kafka and Katherine Gauthier, Elliman.