Central Park South

The median sale price in Central Park South is $1.7M. Condos sit at a median of $1.7M and co-ops at $2.8M. Sale prices are down 24.4% year over year.

No. The median sale price in Central Park South is currently 59.5% below the 5-year high recorded in March 2026. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Central Park South have a median of 108 days on market. That is 164 days faster than the same point a year ago. Roughly 14.3% of active listings have recorded a price cut, suggesting some negotiating room.

Central Park South is currently tilting toward buyers. Median days on market is 108 days and roughly 14.3% of active listings have recorded a price cut, both indicating room to negotiate.

Central Park South offers both co-ops and condos. Co-ops are the higher-priced segment at a $2.8M median, with condos at $1.7M.

Roughly 1 homes change hands each month in Central Park South across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Central Park South is $12,500/month. Live RLS listings show 1-bedrooms at $6,250, 2-bedrooms at $8,275, 3+ bedrooms at $13,850 per month. Rents are up 38.9% year over year.

Median asking rent in Central Park South is currently $1,500 below the 5-year high set in November 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Central Park South has risen 68.9% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Central Park South, median sale prices range across Midtown at $1.9M, Manhattan at $1.2M, Midtown West at $895K, Midtown East at $875K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Central Park South is served by the 1, 4, 5, 6, A, B, C, D, E, F, M, N, Q, R, W trains. The commute to Midtown Manhattan runs roughly 6 minutes from 57 St.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Central Park South, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].