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$4 Million Listing Tests the Heights of Manhattan Valley

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Though its very existence can be debated forever, some things about Manhattan Valley cannot be argued. When wealthy buyers want something old in this Upper Upper West Side 'hood, there's the converted old cancer hospital at 455 Central Park West. When they want something new, well, the Straus Park Condiminium is a popular choice. According to StreetEasy, the 22-story tower's biggest deal to date was the $3.113 million sale of #18B in July 2005, higher than even the former asking price on the penthouse in the same line, which didn't end up selling. What's so special about this apartment?

As Bill Clinton might say, it's the outdoor space, stupid. Because of the building's skinny setback, #18B has a snazzy wraparound terrace. Now Straus Park's priciest pad is back on the market, asking $4.095 million. Ambitious? Not if you buy the brokerbabble on the 2,241-square-foot 4BR/3BA's listing, which is the literary equivalent of shelter magazine photo spreads. ("Family picnics and garden parties on the private terrace in the summer and hot chocolate by a crackling fire in the cooler weather.") Is there stigma or pride in paying more than the neighbors? Consider that quandary while gazing at the floorplan:

· Listing: 272 West 107th Street [Elliman]