Welcome to Brick Underground’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $3,240,000, the current entry threshold for luxury apartments in Manhattan. If you’re in the market for a high-end abode, you should know that while sales have slowed considerably over the past couple of years, that trend is starting to reverse as sellers come to grips with the new market reality and adjust their prices accordingly. It's good news for your wallet—just be aware that many luxe listings won’t linger on the market indefinitely. For more information, check out Brick Underground’s tips on buying a luxury apartment in NYC.
Luxury buyers who own on a block bordering Central Park pay a premium to live along there, compared to apartments further away from the park—but that price gap has shrunk in recent years.
So high-end buyers who might think that Central Park properties are still out of their price range may want to consider this co-op facing the park, 300 Central Park West, #10K. The two bedroom, two and a half bath is in the Eldorado, a 1931 Art Deco landmarked building designed by Emery Roth that's known for its stately twin spires. It is asking $3,495,000 after a price cut of $105,000 about five weeks ago. Monthly maintenance is $4,750.
The property has been on and off the market since March 2019, when it was initially listed for $3,895,000, according to StreetEasy. A previous sale was recorded in July 2005 for $2,100,000.
The apartment is on the large size for a classic six, according to the listing, with approximately 1,980 square feet—and the living room is almost 28 feet long, and has north-facing windows, a decorative fireplace with a Chesneys mantel, herringbone-patterned floors, and built in bookcases.
The apartment also has new casement windows, skim coated walls, through-wall air conditioning, restored hardwood floors, and original inlaid wooden doors.
The co-op shares an elevator landing with only one other apartment.
The dining room has wainscoting and herringbone-patterned floors. It can be divided into two rooms for a den/media room and formal dining (see second floor plan.)
High-end kitchen appliances include a Subzero refrigerator, Miele dishwasher, Viking range and hood, and Viking wine cooler. There are Boffi polished white upper and stainless steel lower cabinets, Carrera marble counters, a full-sized washer and externally vented gas dryer.
The master bedroom is a corner room with west and north exposures, hardwood floors, and an en-suite Walker-Zanger-designed marble bathroom with a walk-in shower.
The second bedroom can fit a king-sized bed and has hardwood floors.
The Walker-Zanger designed guest bath has a Toto soaking tub.
The Eldorado's large Art Deco lobby has multiple elevator banks serving the two wings of the building.
The building has a 24-hour doorman and concierge, resident manager, fitness center, basketball court, bike storage, on site building manager, community room, and playroom.
There’s an assessment of $148 per month through 2027 for window replacement. The building is pet and pied-à-terre friendly. There’s a parking garage but space is limited.
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