Small Wonder

Would you shell out nearly $800k for a studio, in exchange for Central Park views?

By Virginia K. Smith  | June 27, 2017 - 3:59PM

We'll be the first to acknowledge that $795,000 is by most objective measures, an insane amount of money to pay for a studio apartment, even in New York City. (And just think of the kind of spread you could get for that amount of money in the suburbs...)

That said: price tag aside, we found ourselves taken by this studio at 120 Central Park South, a white glove co-op building with parking, a full-time doorman, a pet-friendly policy, and unusual flexibility when it comes to co-purchasing, guarantors, and pied-a-terres. (Meaning, then, that this unit is geared more towards investors than self-funded first-time buyers, which would explain the price tag.) The apartment gets lots of natural light thanks to large windows, which overlook Central Park from the kitchen—just imagine looking out over the park while you drink your morning coffee (or evening cocktail):



The kitchen is outfitted with sleek, recent renovations (and a TV!), though this probably isn't a fit for frequent home cooks—it would appear that there's only room for a half-sized fridge in the current configuration.

There's a well-sized main living area, too, which is currently set up mostly as a bedroom, but could easily be re-shuffled to make more space for entertaining, depending on how you plan to use the apartment:


The bathroom has a bit of a hall-of-mirrors effect, but has been carefully renovated with heated floors, as well as plenty of built-in storage space:


The monthlies for the apartment are high, at $1,283/month, but given that this same unit was listed last year for $950,000, it's very possible a savvy buyer could do some negotiating to bring down the final asking price.


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