How much is two bedroom condo with Central Park views?
Many of our foreign international buyers love Central Park and would like to buy a two bedroom condo with Central Park view, this question is often asked and this is a question that has a lot of different answers because it depends on a number of variable's, most importantly if you are looking within a certain building and specifically what type of Central Park View are you looking for?
These two questions will quickly help determine the price point and then we can start to go into the secondary questions such as apartment condition, size, amenities, pet friendly and other common requests.
If you already know the condominium building you want to be in, then there is going to be a history of two bedroom sales within the building that will pretty much determine the necessary price point.
Example being, the Time Warner Center at 25 and 60 Columbus Circle. Non-park exposure facing Two Bedrooms are typically asking on average about $4,000,000 USD, but the direct park facing exposure units usually start in the $8,000,000 range. There is quite a premium for the park facing units. Other factors might come into play also, such as park facing units might be a bit larger than the non-park facing apartments.
The premium for Central Park Views from within the same building is going to be a consistent variable, no matter the building. If you are looking at 101 West 67th Street, 160 Central Park South, 1 Central Park West, or 15 Central Park West, the premium for Central Park Facing units is going to be quite evident.
The type of Central Park view you desire is going to also determine the buildings you will be looking at and the price segment that you will have to look within. If you want an unobstructed direct park views in a building right on Central Park there are only going to be a few codominiums both on Central Park West, Central Park South or Fifth Avenue that have this type of view and placement.
If you just want the view but can be a block or two off of Central Park then your options will open up. A building like 101 West 67th St has some of the most commanding Central Park Views in the Upper West from a condominium building, or 721 Fifth Avenue or One Beacon Court, the high floor units have spectacular views.
Or the currently being constructed One 57, located across from Carnegie Hall will feature sweeping Central Park Views from the higher floor apartments.
The answer of how much does a 2 bedroom Central Park view condominium cost is not a cut and dry answer. However I would say that you are going to have to spend at a very minimum $3,000,000 USD for the entry level two bedroom condominium with some type of Central Park View. However if you are looking for the "helicopter" view in a dramatic space the price point can quickly increase into the 8 figures quite easily.
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