Central Park North rising

With new developments like 111 Central Park North fetching an average of $1,300 a square foot, the long-unheralded northern boundary of Manhattan’s great park is unlikely to be a relative value for much longer. In recent years, the pace of new construction–and, therefore, prices–on Central Park North has lagged behind other prime areas in the city. Condos like 125 Central Park North, 111 Central Park North and the units that will be built as part of the Museum for African Art project are, however, changing that by bringing luxury construction to Central Park North. Prices in the area now average less than $1,000 a square foot, but they are expected to climb sharply in the near future. more [Post]