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Upper West Side Median Home Prices Reach All-Time High in 2015, Report Says

By Emily Frost | December 30, 2015 11:19am
 Take a look at the apartments and homes that garnered the most money in 2015. 
The Highest Selling Properties on the UWS
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UPPER WEST SIDE — The median price of homes on the Upper West Side hit an all-time high this year at $1.1 million — slightly outpacing Manhattan's overall number, a new report said.

The median price represents a 6 percent increase for the neighborhood,  according to real estate site PropertyShark. Across the borough, the median price was $985,000 in 2015. 

Still, the Upper West Side did not make the top 10 for most expensive neighborhoods in Manhattan, clocking in at No. 11 in the borough and No. 21 citywide, the report said.

The number of sales in the neighborhood has also increased over the years, with 1,332 this year compared with 987 in 2005. In 2007, just before the housing bubble burst, there were 1,849 sales in the neighborhood, according to PropertyShark data (see graph below). 

Luxury sales in the neighborhood — or anything priced above $3 million — have remained steady at 160 this year, matching the total in 2014, with homes along Central Park West continuing to command lofty sums. 

Manhattan neighborhoods that beat out the Upper West Side in terms of median home price:

1. NoHo ($3.88 million)
2. TriBeCa ($3.5 million)
3. Little Italy ($3 million)
4. SoHo ($2.9 million)
5. NoLIta ($2.04 million)
6. Carnegie Hill ($1.9 million)
7. Chinatown ($1.8 million)
8. NoMad ($1.79 million)
9. Flatiron District ($1.68 million)
10. Battery Park City ($1.6 million)

 

Here are the most expensive property sales from 2015 on the Upper West Side, according to PropertyShark:

► 247 Central Park West at West 85th Street: $25 million 

This 10,745-square-foot mansion sold for $15.5 million to Coach CEO Keith Monda in 2006, according to Curbed. In less than 10 years it jumped in price by nearly $10 million. The mansion has both a freshwater pool and a home theater, according to the site. 

► 121 Central Park West, #43 at West 72nd Street (The Dakota): $21 million

Lauren Bacall's apartment, which she's owned since the 1960s and was put on the market in the summer of 2014 after the star passed away, sold for $21 million on Oct. 29 — $5 million below the asking price.

► 145-147 Central Park West, #16C (The San Remo): $20.75 million

The apartment of hedge fund manager Robert Wilson, from which he jumped to his death, was initially listed for $25 million. It sold for $20.75 million to a local family represented by the Savrola Residence Trust, according to the New York Times

► 52 W. 76th St.: $18.5 million

This 6,300-square-foot apartment featured "five outdoor spaces, five bedrooms, three wine refrigerators, an elevator, and a solarium with a contemporary fire pit," according to Curbed.

► 271 Central Park West, #4E: $16.995 million

Actor Bruce Willis bought this six-bedroom 6,000-square-foot duplex apartment, down the street from his previous home, from Milwaukee Bucks' owner Wesley Edens in March, according to the Wall Street Journal. 

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