What's Happening?
Pomander Walk, a gated row of Tudor-style cottages on Manhattan's Upper West Side, is experiencing an unusual surge in home listings. Known for its exclusivity and rarity in sales, the enclave has three homes currently on the market, a significant increase for the 27-home co-op. The listings include a one-bedroom residence priced at $895,000, marketed as a 'storybook retreat,' and two other one-bedroom units priced at $699,000 each. Historically, sales in Pomander Walk are infrequent, with years passing without any listings. The recent activity follows a duplex listing in September for $1.39 million. The enclave, built in 1921 by Irish developer Thomas Healy, has been home to notable figures such as Humphrey Bogart and Rosalind Russell.
Why It's Important?
The surge in listings at Pomander Walk is significant due to the enclave's historical exclusivity and the rarity of sales. This increase in available properties offers a unique opportunity for buyers seeking a residence in one of Manhattan's most secretive and charming neighborhoods. The listings may attract interest from those looking for a secluded and picturesque living environment, potentially impacting the local real estate market. The timing of these listings could be influenced by broader economic factors or personal circumstances of the current owners, reflecting changes in the real estate landscape in New York City.
