Is Midtown East… hot?
REAL ESTATE • Market Report
The median price of condos in the neighborhood rose 12% YoY last quarter, to $1.54M. That’s the highest Q4 price in the last decade, per Compass’s Q4 Manhattan Market Report. Sales jumped 22%.
“Midtown is experiencing a renaissance, accentuated by the opening of the JPMorgan Chase Tower and the Waldorf Astoria,” says Leonard Steinberg, Compass’s chief evangelist. “Walking to the office will always be attractive. Being centered has many benefits for accessibility to all that Manhattan has to offer. And… Midtown East offers lots of good buys, including some absolute bargains.”
Here, three properties that came to market in the area this week:
→ 368 3rd Ave #11A (Kips Bay) • 3BR/3.1BA, 1601 SF condo • Ask: $2.85M • 1/2 floor at VU New York, with floor-to-ceiling windows • Days on market: 4 • Monthly tax: $2807 • Monthly cc: $2425 • Agents: Amjad Pervez & Cheryl Daly, Compass. Open house Sun 1-2p.
→ 310 E 53rd ST #16C (Turtle Bay) • 3BR/3.1BA, 2313 SF condo • Ask: $3.745M • fully renovated with 2 terraces, 3 exposures • Days on market: 4 • Monthly tax: $2620 • Monthly cc: $4215 • Agents: Christopher Fry & Kevin Sloane, Howard Hanna.
→ 250 East 54th St #42PH4 (Sutton Pl, above) • 3BR/3BA, 2304 SF house • Ask: $4.995M • full-floor penthouse in The Mondrian, panoramic views • Days on market: 3 • Monthly tax: $5217 • Monthly cc: $3903 • Agents: Emanuele Fiore & Emily Stevens, Serhant.