News Summary
Manhattan’s exclusive Pomander Walk neighborhood has listed two one-bedroom condos for a combined price of $1.39 million, marking a rare opportunity in the area. The historical enclave, built in 1921, features Tudor-style units that could potentially be combined into a duplex. With a history of long-term ownership, the listings signal a shift in the local real estate market, as the area experiences increased activity. Prospective buyers should consider the high monthly maintenance fees amidst this unique market opportunity.
Manhattan is witnessing a rare opportunity in its exclusive Pomander Walk neighborhood, as two one-bedroom condos have been listed for a combined price of $1.39 million. Each individual unit is priced at $699,000. Located on the upper levels of this historical gated community on the Upper West Side, the condos can potentially be combined into a duplex, as noted by the listing agent.
Pomander Walk, which has been a part of Manhattan’s landscape since its construction in 1921, consists of 61 Tudor-style units originally designed to form one large building. The project, envisioned by Irish immigrant Thomas Healy, was modified due to financial constraints, resulting in individual homes instead. Designed as a private enclave, Pomander Walk is sandwiched between 94th and 95th Streets, just blocks away from Central Park.
The recent listings mark a notable moment for the neighborhood, as properties within Pomander Walk tend to remain with their owners for long periods. The current sellers have owned their condos for over 30 years, illustrating the residential stability and community ties that characterize the area. Furthermore, there has been an uptick in market activity within Pomander Walk, with three units being offered for sale nearly simultaneously, underscoring a shift in the local real estate dynamics.
Besides the two condos priced at $699,000 each, another one-bedroom apartment within the enclave is available for $895,000. This particular unit touts a view of a private garden, marketed as a “storybook retreat.” The condos offered for sale each measure about 500 square feet and include a living room, a kitchen, one bedroom, and a bathroom.
Pomander Walk is widely recognized for its tranquil and secluded atmosphere, grounded in the charm of New York City. In the past 14 years, only six units have been available for rent, affirming the neighborhood’s exclusivity. The last recorded sale occurred in 2023, when a two-bedroom unit sold for $900,000, revealing that the market here can be unpredictable—oscillating between years with no sales to periods of multiple listings emerging, largely influenced by demographic changes and market conditions.
The enclave not only boasts a rich residential history, evidenced by past notable residents such as Humphrey Bogart and Rosalind Russell, but it also incorporates architectural significance, having been designated a New York City landmark in 1982. A significant renovation, costing $650,000, took place in 2005, focusing on the exterior restoration of the buildings, including masonry and stucco improvements.
However, potential buyers should be cognizant of the community’s high maintenance costs, which can reach approximately $2,000 monthly. Such fees may deter some individuals interested in purchasing within this historically-rich enclave.
In conclusion, the newly listed condos in Pomander Walk represent an unusual and potentially lucrative opportunity within Manhattan’s real estate market. The infrequent turnover of units in this tightly-knit neighborhood reveals not only the strength of community in the area but also the challenges affiliates face when considering buying a piece of its charm amidst rising costs.
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Additional Resources
- Business Insider: Pomander Walk in NYC
- Realtor.com: Unique Homes on Pomander Walk
- New York Post: Rare Home on Pomander Walk
- West Side Rag: Rare Upper West Side Home
- Untapped Cities: Pomander Walk, NYC’s Most Exclusive Street
- Wikipedia: Pomander Walk
- Google Search: Pomander Walk New York City
Author: STAFF HERE NEW YORK WRITER
The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
