Real Estate

50 Central Park West, 9AE An Exquisitely Renovated Prewar Home

Today, our homes are tricked out with all of the bells and whistles that one could imagine. Developers, designers, and decorators alike draw inspiration from showhouses and push the limits of each and every trend. Yet, despite the possibility for endless customization, one amenity that remains exclusively unique is the home’s view.

Over the past decades I’ve had the pleasure to work with countless buyers in the City. At the onset, together we create a list of must-have attributes to help refine our search and it is not uncommon for views to be prioritized right alongside location, size, and style of the homes.

Oversized windows that frame sweeping cityscapes, sprawling green spaces, and iconic landmarks set the tone and add character, warmth, and a dynamic energy. These views also contribute to the property’s prominence and price.

At the mid-year mark, the median price for resale apartments that included three bedrooms or more was $2,950,000 and $3,300,000 on the East Side and West Side respectively. However, similarly sized properties along Fifth Avenue and Central Park West, for example, that showcase sky high and park views, generally commanded a premium of at least 20 percent.

Each building and in-turn each floor within a building offers a different perspective. The second floor might boast a house like park view, while the fifth floor just starts clearing the tops of the trees, at the eighth/ninth floor one sees the trees and the City beyond, and on the twentieth floor one can enjoy the full expanse of Central Park bookended by the dazzling City lights. Every view is special, and unique in its own right.