naked notes

From my personal perspective, the Upper West Side can be characterized as “A real sense of neighborhood.”  I always have a feeling of comfort and enjoyment when I walk the streets of this area.  I see plenty of people, fashionably dressed and proudly walking with their adorable pets. With the abundance of parks and trees in this area, I see happy families strolling the streets with their kids.

The UWS also features amazing landmark architecture, charismatic brownstones, cute cafes,  specialty stores and gourmet restaurants.  With the plentiful selection of restaurants in the neighborhood, the customer’s choice becomes a challenge. All offer a great level of service and exceptional menus.

This neighborhood has almost everything you need at your fingertips! For groceries alone you have a large variety of specialty stores, including famous markets like Whole Foods, Zabar’s, Fairway and green market.

For  a cultural view, you can visit the American Museum of Natural History or savor the many monuments, cathedrals and churches that were built in the beginning of 20th century! To get an artistic flavor, the Lincoln Center of performing arts, Metropolitan Opera, Walter Reade Theater, NYC Opera and Ballet are within walking distance!

For these reasons, the properties on the UWS are always in high demand. While vacancy rates in Upper West Side are almost the same as in Upper East Side, people are willing to pay extra to live here. For example, the average rental price for a 1 bedroom is approximately $2,300, which is $250 higher then the average one bedroom price in Upper East Side.   Average sales price on coops p/sqf is around $849. Similarly, condos are approximately $1,394. This is clearly higher than their Upper East Side counterparts which average $806 for a coop apartment and $1,096 for a condo.

Good news: today’s market offers great incentives like “no fee” deals for rental clients. You’ll find these scattered all over the city. If you want to find a wonderful apartment in New York City for a good price and build a solid relationship with a good broker, now is the time!

Happy apartment hunt to everyone :-))

(numbers are derived from Citi-Habitats rental report and Corcoran sales report)

Category: Naked Apartments

No Comments