Upper West Side co-ops with price adjustments
The Upper West Side is one of the most sought-after neighborhoods in New York City. It has a rich cultural scene, great schools, and scenic green spaces, including the famous Central Park and Riverside Park. With easy access to public transportation and a laid-back atmosphere, the Upper West Side successfully attracts newcomers from all over the city.
The popularity of the Upper West Side among renters and homebuyers translated into higher real estate prices. According to Realtor.com, the median sale price for a home in this Manhattan neighborhood reached $1.5 million, up almost 5 percent from last year. However, the competition among buyers is declining, which means you have more chances to find great deals. Here are two Upper West Side listings that recently went through a price reduction:
This charming 2-bedroom, 2-bathroom co-op has countless details that will catch your attention: from large carved windows and original oak shutters to spacious bedrooms and beautiful views of the city. The future owner might use the second bedroom as a home office and avoid crowded subway on the way to work. Another appealing feature of this home is its location. The co-op building sits just one block away from Central Park and two blocks from 1 Train line.
Moving onto the next, here is another reasonably-priced Upper West Side co-op. This is the most affordable 2-bedroom, 2-bathroom apartment zoned for a great elementary school – PS 199. Other similar listings are at least $600,000 more expensive. The future owner of this co-op is invited to enjoy open views, easy access to nearby subway and parks, and tons of natural light, which enters the apartment through large windows. You will also have a chance to transform the dining room into an additional bedroom.
The NYC housing market is slowly turning into a buyers’ market. The rising borrowing costs and increasing inflation caused a decline in competition among potential buyers. Although mortgage rates remain high, they are still 2 percent below inflation. Currently, sellers are willing to adjust the asking prices to attract more offers, which means this is the perfect time to look for a home.
Reach out to anya@verusnyc.com for more information on affordable listings on the Upper West Side.
Categories
Recent Posts
