Lincoln Square Upper West Side 1 Bedroom Condominium Market Report

Lincoln Square Upper West Side 1 Bedroom Condominium market
The Lincoln Square neighborhood surrounding the famous arts and entertainment center that is Lincoln Center is home to a number of very desirable condominium buildings.
The One (1) Bedroom Condo Market in the Lincoln Square area of the Upper West Side is very sought after and has a very small amount of supply of condos for sale.
The Lincoln Square area is approximately described as from 59th Street to 72nd St and from Central Park to the Hudson River.
In total there are approximately 85 One Bedroom Condos for sale in the Lincoln Square area of the Upper West Side. However if we put our Western Boundary at West End Avenue and exclude the Trump and Extell Buildings on Riverside Blvd, the amount of inventory decreases extremely significantly to 36 One Bedroom Condos for sale in the Lincoln Square Upper West Side.

The One Bedroom Condo in Lincoln Square Upper West Side for sale price range is significant, it starts around $600,000 and goes up to approximately $1,350,000.

A breakdown of the price range for 1 Bedroom Condos for sale in Lincoln Square Upper West Side is:

$550,000-$700,000: Only 2 Condos currently available.  This segment of the market, condos priced in the $600,000 to $700,000 price point is where you consistently see apartments only stay on the market for a very short time.  Certain buildings in the Lincoln Center neighborhood have 1 bed condos for sale periodically, most typically Dorchester Towers at 155 West 68th St.  Dorchester Towers is a full-time doorman condo building that has 1 bed condos in the $600,000-700,000 price range, and they sell very quickly. The size will be anywhere from 575 sq ft to maybe 700 sq ft, do not expect a new renovation in this price range.

$700,000-$1,000,000: The majority of the 1 bedroom condos for sale in Lincoln Square Upper West are in this price range, approximately 24 Lincoln Center One Bedroom Condos are currently for sale.  You will see a variety of types of buildings in this price range.  You will find new construction or recently built condos like 10 West End Avenue or 555 West 59th Street.  You will find some of the more established full time doorman condos like The Coronada at 155 W 70th St or One Lincoln Plaza at 20 West 64th St.  The larger one bedroom Lincoln center for sale condos will be in this range, approximately from 700 to 900 sq ft.  Condition will vary, some very nice and renovated others not so much but the trade off may be a higher floor or larger space.

$1,000,000+ : About 10 Condos are currently for sale in the $1,000,000+ price range in the Lincoln Square Upper West Side condo market.  Above a million dollars you will be looking at condos typically concentrated in a few buildings such as 1965 Broadway-The Grand Millennium, 101 West 67th St and 111 West 67th Street – The Millennium Tower or Park Millennium, 160 West 66th St, 2000 Broadway-The Copley and 150 Columbus, 200 West End Avenue, to name a few.  In this price point you will typically be in these more luxurious buildings, often with 800+ sq ft, views, and some apartments will be renovated.

Overall, the 1 bedroom condo for sale in Lincoln Square Upper West Side is a very desirable market.  A variety of buyer’s seek these apartments out, some for end use, others for pied a terre residences and as investment properties.  The location near Central and Riverside Parks, along with the transportation and subway lines, combined with the residential ambiance the neighborhood posses make it a very desirable location.

If you are interested in buying, selling or renting a One Bedroom Condo in the Lincoln Square Upper West Side area, contact us today, at (917) 837-8869.

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