Manhattan Real Estate Report

Borough-wide Real Estate Statistics,
Market Data, and Homes for Sale

The following is a real time, up to the minute report for the real estate market in Manhattan as of Sep 15, 2014.
(Also see: Manhattan Apartment Rental Report and Manhattan Property Records)

GENERAL INFO

  See the average size and price of Apartments for Sale in Manhattan
SIZE (SQFT) PRICE / SQFT PRICE
Studio 680 $1,272 $724,636
1 Bed 827 $1,333 $1,007,656
2 Bed
1,431 $1,693 $2,388,489
3 Bed 2,268 $2,178 $4,992,019
4+ Bed 3,976 $2,817 $11,490,966
*Based on 5,095 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,662,200. The average price per square foot is $1,777. The average neighborhood home is 1,831 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,332 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 5095 homes for sale, including the following different types of property: 2399 condos / condominiums, 2404 coops, and 292 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 669 homes are single room studios, 1482 are one bedroom homes, 1411 are two bedroom homes, 767 are three bedroom homes and the rest are larger. While data is not available for all properties, 485 of the homes in Manhattan are known to have been constructed or renovated recently and are therefore likely to be relatively newer in appearance and amenities.

A number of the homes for sale in Manhattan are luxury homes or contain premium amenities. Among them, 1851 have air conditioning, 1535 offer city views, 2189 have concierge services inside the bulding, 3764 have a doorman, 3972 have elevator service, 335 have a fireplace, 13 of the listings are available furnished, 1230 have a gym or fitness center, 1345 have hardwood floors, 777 boast high ceilings, 182 have a jacuzzi, 2961 offer laundry services inside the building, 2575 have public outdoor space, 316 have park views, 1870 offer parking, 298 are penthouse apartments, 2185 allow pets, 928 have private outdoor space, 2198 offer storage, 665 have a swimming pool, 1446 have a washer / dryer inside the home, 836 have water views.

PRICE REDUCED HOMES:

There are currently 1,291 price reduced home for sale listings in Manhattan. Searching these homes can be helpful for those looking to invest strategically in Manhattan real estate.

<-- See a larger map of Manhattan and search all available home for sale listings

In songs such as "New York, New York" by Frank Sinatra or "On Broadway" by George Benson, Manhattan is depicted as the place where the American dream can be actualized almost overnight and where the smallest individual can grow into a giant. Manhattan, dubbed "the city" by local and nearby residents, has a living, breathing pulse. Many consider it the center of the world, or at least, one of the truly great cities on the planet.

Manhattan is a center for the American arts, entertainment, finance, media, advertising, fashion and sports industries. All four major broadcast networks (Fox, NBC, ABC, CBS) are headquartered in New York City. The MLB, NBA, NHL and the NFL are all headquartered in New York City. In addition to being known as the Fashion Capital of the World, Manhattan has been home to many American fine arts institutions, with the Fashion Institute, Julliard, "Broadway", and leading music labels all located in Midtown. With the largest federal reserve bank, the New York Stock exchange, and the United Nations located in Manhattan, the former Dutch landing point serves as a global centerpiece.

Manhattan is well known as city that never sleeps. With 22.96 square miles of land space and over 1.5 million residents, Manhattan is the most densely populated of the New York City boroughs. Its population has grown an average of 3.2% each of the last 12 years and city officials expect further population increases to continue.

While extraordinarily high demand has made Manhattan one of the most expensive real estate markets in the world based on sheer pricing of homes for sale and apartments for rent, the relatively high salaries of its residents kept New York City locals comfortably able to pay their monthly living expenses. As such, New York has avoided being ranked in Forbes' recent list of cities where it's most difficult to pay rent.

Furthermore, although Manhattan is made up of some rather expensive neighborhoods, its general diversity extends into its housing market, and many neighborhoods above Central Park offer reasonable pricing for condos and rental apartments. For example, the average uptown rent is approximately 50% of the rent for a similar spot in glamorous downtown neighborhood Tribeca. Ongoing development in areas such as the Financial District, East Harlem, and Central Harlem is adding quality residential space to the Manhattan real estate market, giving new renters and buyers a greater selection and more competitive prices.

With competition and grandiose ambitions serving as the hallmark for its residents, there are simply no limits on the Manhattan real estate market. As such, it will more than likely continue increasing in both supply and demand well into the future.

Sales Trends

  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  

NEIGHBORHOOD INDEX

  See how Studios for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 367 $926 $344,500
Battery Park City 622 $1,044 $564,625
Bowery N/A N/A $499,000
Chelsea 1,189 $1,214 $889,435
Clinton 516 $1,566 $689,016
East Harlem 393 $808 $319,000
East Village 536 $2,043 $792,000
Financial District 669 $1,208 $777,530
Flatiron District 1,721 $1,678 $2,639,500
Fort George 469 $515 $253,600
Garment District 2,385 $1,374 $1,888,250
Gramercy Park 609 $1,182 $583,880
Greenwich Village 538 $1,128 $626,519
Harlem 568 $733 $450,500
Hell's Kitchen 550 $1,418 $780,000
Inwood 550 $326 $182,000
Kips Bay 530 $1,005 $503,867
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 626 $1,072 $683,440
Lincoln Square 611 $1,355 $648,671
Little Italy 1,707 $1,110 $1,895,000
Lower East Side 693 $705 $369,500
Manhattan Valley 559 $1,067 $609,267
Midtown Center 522 $1,330 $661,176
Midtown East 542 $903 $445,971
Midtown South Central 469 $1,444 $641,538
Morningside Heights 380 $712 $223,750
NoHo 900 $777 $699,000
NoLita 690 $1,174 $505,000
SoHo 751 $2,879 $1,896,266
Sutton Place 1,376 $998 $921,333
Theater District - Times Square 592 $1,461 $865,000
TriBeCa 1,914 $910 $1,593,000
Tudor City 312 $911 $309,348
Union Square 460 $1,624 $673,000
Upper East Side 753 $1,045 $1,005,889
Upper West Side 563 $1,103 $515,286
Washington Heights 794 $720 $450,182
West Village 478 $1,613 $724,262
Yorkville 588 $815 $460,810
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 839 $1,144 $709,125
Battery Park City 732 $1,127 $774,609
Bowery 1,092 $1,454 $1,025,571
Central Park 835 $1,317 $1,100,000
Chelsea 955 $1,659 $1,428,123
Civic Center 800 $699 $559,000
Clinton 814 $1,653 $1,291,365
East Harlem 706 $958 $646,903
East Village 827 $1,586 $1,159,538
Financial District 927 $1,554 $1,369,891
Flatiron District 722 $1,806 $1,315,429
Fort George 788 $581 $419,100
Garment District 752 $1,669 $1,593,846
Gramercy Park 737 $1,498 $1,004,486
Greenwich Village 829 $1,290 $1,120,396
Hamilton Heights N/A N/A $445,667
Harlem 708 $701 $458,783
Hell's Kitchen 703 $1,440 $962,833
Inwood 731 $358 $273,760
Kips Bay 726 $1,002 $665,778
Koreatown 1,925 $824 $1,728,333
Lenox Hill 841 $1,356 $1,063,144
Lincoln Square 788 $1,649 $1,156,067
Lower East Side 726 $750 $536,357
Manhattan Valley 806 $1,239 $861,103
Midtown Center 1,002 $1,578 $1,304,388
Midtown East 858 $1,065 $848,330
Midtown South Central 876 $1,568 $1,127,583
Morningside Heights 763 $603 $504,400
NoLita 693 $2,399 $1,981,250
Roosevelt Island 817 $897 $694,600
SoHo 786 $2,465 $1,870,368
Sutton Place 988 $913 $900,438
Theater District - Times Square 947 $1,641 $1,317,071
TriBeCa 903 $1,755 $1,524,000
Tudor City 694 $861 $564,000
Union Square 731 $1,765 $1,076,714
Upper East Side 805 $910 $778,730
Upper West Side 703 $1,099 $766,744
Washington Heights 626 $863 $473,367
West Village 997 $1,916 $1,639,818
Yorkville 740 $907 $610,863
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,103 $1,178 $1,085,167
Battery Park City 1,212 $1,524 $1,829,931
Bowery 1,275 $1,965 $2,099,286
Central Park N/A N/A $1,150,000
Chelsea 1,604 $1,968 $3,013,973
Chinatown 1,060 $1,816 $1,925,000
Clinton 1,376 $2,412 $3,523,583
East Harlem 1,236 $1,012 $1,166,524
East Village 1,254 $1,915 $2,077,800
Financial District 1,552 $1,515 $2,421,491
Flatiron District 1,479 $1,794 $2,807,885
Fort George 1,008 $586 $567,583
Garment District 1,103 $1,662 $2,018,429
Gramercy Park 1,379 $1,709 $2,252,938
Greenwich Village 1,771 $1,569 $2,510,908
Hamilton Heights 800 $406 $325,000
Harlem 1,075 $768 $761,921
Hell's Kitchen 1,056 $1,716 $1,743,333
Inwood 1,009 $493 $499,333
Kips Bay 1,188 $1,293 $1,441,648
Koreatown 1,437 $2,100 $2,624,000
Lenox Hill 1,485 $1,884 $2,873,791
Lincoln Square 1,340 $1,961 $2,841,786
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 1,272 $1,178 $1,480,778
Manhattan Valley 1,305 $1,202 $1,421,250
Manhattanville 650 $423 $262,500
Midtown Center 1,548 $1,994 $2,920,438
Midtown East 1,537 $1,548 $2,121,855
Midtown South Central 1,522 $1,639 $2,261,250
Morningside Heights 1,011 $1,016 $1,043,333
NoHo 2,150 $2,030 $4,274,063
NoLita 1,569 $2,151 $3,424,375
SoHo 1,848 $2,182 $3,797,010
Sutton Place 1,479 $1,253 $1,828,606
Theater District - Times Square 1,501 $2,164 $3,212,188
TriBeCa 1,737 $2,103 $3,534,415
Tudor City N/A N/A $1,601,500
Union Square 1,826 $2,226 $3,412,222
Upper East Side 1,472 $1,771 $2,599,248
Upper West Side 1,263 $1,377 $1,650,162
Washington Heights 912 $627 $615,200
West Village 1,380 $2,040 $2,846,906
Yorkville 1,276 $1,243 $1,638,283
  See how 3 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,325 $1,419 $3,300,000
Battery Park City 1,793 $1,810 $3,115,889
Chelsea 2,656 $2,602 $6,772,023
Chinatown 1,993 $1,390 $2,758,333
Clinton 1,846 $1,990 $4,044,239
East Harlem 1,462 $924 $1,919,500
East Village 1,927 $1,556 $2,999,000
Financial District 2,431 $2,137 $5,519,087
Flatiron District 3,072 $2,183 $6,568,958
Fort George 1,199 $591 $788,111
Garment District 2,100 $2,500 $3,300,000
Gramercy Park 2,413 $2,213 $4,499,000
Greenwich Village 2,414 $1,846 $4,987,333
Harlem 1,648 $948 $1,254,622
Hell's Kitchen 1,725 $2,546 $4,500,000
Inwood 1,300 $576 $784,500
Kips Bay 1,625 $1,525 $2,525,578
Lenox Hill 2,367 $2,512 $5,713,165
Lincoln Square 2,024 $2,548 $5,456,340
Little Italy 1,981 $1,773 $3,497,500
Lower East Side 1,655 $916 $1,523,333
Manhattan Valley 1,510 $1,559 $2,192,667
Midtown Center 2,741 $4,149 $8,991,150
Midtown East 2,252 $2,054 $4,693,634
Midtown South Central 2,572 $2,534 $6,705,750
Morningside Heights 1,158 $870 $1,059,875
NoHo 2,651 $2,472 $6,291,857
NoLita 3,578 $3,778 $14,000,000
SoHo 2,811 $2,500 $6,788,788
Sutton Place 2,063 $1,475 $3,257,120
Theater District - Times Square 2,451 $2,203 $5,400,000
TriBeCa 2,614 $2,543 $6,429,036
Tudor City 1,300 $996 $1,295,000
Union Square 3,049 $3,217 $9,349,000
Upper East Side 2,170 $2,178 $5,143,108
Upper West Side 1,968 $1,852 $4,330,000
Washington Heights 1,341 $551 $747,800
West Village 2,995 $3,342 $8,559,889
Yorkville 2,066 $1,503 $3,209,603
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,925 $978 $2,890,750
Battery Park City 3,393 $2,536 $9,172,500
Chelsea 3,584 $2,956 $11,399,059
Clinton 2,914 $3,776 $11,238,667
East Harlem 3,622 $1,842 $7,905,571
Financial District 2,945 $2,234 $6,355,000
Flatiron District 3,596 $1,965 $6,875,000
Garment District 3,794 $1,107 $4,200,000
Gramercy Park 4,536 $4,070 $17,376,875
Greenwich Village 6,487 $4,031 $25,373,333
Harlem 2,616 $1,138 $2,254,688
Hell's Kitchen 3,333 $2,549 $9,133,333
Kips Bay 4,100 $1,451 $5,950,000
Lenox Hill 4,030 $2,837 $12,445,795
Lincoln Square 4,506 $3,860 $17,236,481
Little Italy 6,600 $4,772 $31,495,000
Manhattan Valley 1,945 $1,607 $3,074,667
Midtown Center 4,257 $4,589 $19,014,706
Midtown East 3,523 $2,264 $7,999,000
Midtown South Central 4,073 $2,886 $12,561,200
NoHo 3,000 $1,832 $5,495,000
Roosevelt Island 1,777 $732 $1,300,000
SoHo 5,037 $2,789 $14,225,583
Sutton Place 3,843 $1,650 $8,831,400
Theater District - Times Square 3,280 $3,370 $12,094,400
TriBeCa 4,577 $3,130 $14,823,784
Union Square 3,585 $2,230 $7,995,000
Upper East Side 4,247 $2,805 $10,953,621
Upper West Side 3,658 $2,604 $10,389,200
Washington Heights 3,134 $637 $1,930,375
West Village 3,860 $3,063 $12,037,333
Yorkville 2,918 $1,612 $5,377,222

Charts and Graphs

  Chart how Home Prices in Manhattan compare with prices in other Manhattan neighborhoods
  Chart how Price per Sqft in Manhattan compares with Price per Sqft in other Manhattan neighborhoods

Homes For sale In Manhattan Try Advanced Search

Average Price: $3,662,200 | Avg Size: 1,831 Sqft | Avg Price / Sqft: $1,777
71 new listings just came in!
Upgrade to Blocksy EdgeTM and get the first look at NYC's newest listings before others.
View Now
×
 
99 Jane Street 2C
West Village
3 br
2 ba
1,672 sq
Condo
3,850,000
$2,303/sq
 
2 br
2 ba
1,500 sq
Condo
4,200,000
$2,800/sq
 
Studio
1 ba
500 sq
Co-op
290,000
$580/sq
 
1 br
1.5 ba
1,108 sq
Condo
1,395,000
$1,259/sq
 
1 br
2 ba
n/a
Co-op
2,795,000
 
2 br
2 ba
1,079 sq
Condo
1,395,000
$1,293/sq
 
1 br
1 ba
n/a
Co-op
1,040,000
 
Studio
1 ba
n/a
Co-op
469,000
 
2 br
1.5 ba
n/a
Co-op
515,000
 
1 br
1.5 ba
900 sq
Co-op
1,050,000
$1,167/sq
 
Studio
1 ba
400 sq
Co-op
359,000
$898/sq
 
2 br
2 ba
1,400 sq
Co-op
1,195,000
$854/sq
 
n/a
n/a
6,000 sq
House
7,995,000
$1,333/sq
Studio
1 ba
n/a
Condo
535,000
 
2 br
2 ba
1,250 sq
Condo
1,625,000
$1,300/sq
 
3 br
3 ba
n/a
Co-op
2,495,000
 
1 br
1 ba
n/a
Co-op
419,000
 
2 br
2.5 ba
n/a
Co-op
2,650,000
 
2 br
2 ba
1,207 sq
Condo
2,700,000
$2,237/sq
 
2 br
2 ba
1,300 sq
Co-op
1,695,000
$1,304/sq
 1 2 3 4 5 6 7 >  Last ›
Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 1067 2047 11284
All Midtown 3568 5796 21513
All Uptown 454 776 13347
Alphabet City 30 111 943
Battery Park City 58 134 77
Bowery 16 68 713
Central Park 3 3 65
Chelsea 233 480 2352
Chinatown 6 28 660
Civic Center 1 0 16
Clinton 234 553 1632
East Harlem 78 186 3338
East Village 54 221 2014
Financial District 207 583 630
Flatiron District 53 93 394
Fort George 62 79 894
Garment District 28 52 291
Governors Island 0 0 0
Gramercy Park 97 77 659
Greenwich Village 149 234 1040
Hamilton Heights 8 31 674
Harlem 162 294 5105
Hell's Kitchen 57 213 251
Inwood 32 36 564
Kips Bay 98 209 900
Koreatown 10 5 135
Lenox Hill 551 369 1923
Liberty Island 0 0 0
Lincoln Square 274 625 824
Little Italy 7 10 175
Lower East Side 32 90 820
Manhattan Valley 78 246 563
Manhattanville 2 19 340
Marble Hill 0 0 170
Marcus Garvey 0 1 30
Meatpacking District 0 1 54
Midtown Center 177 196 817
Midtown East 282 281 957
Midtown South Central 78 278 799
Morningside Heights 40 54 1004
Murray Hill, Manhattan 113 323 510
NoHo 25 33 239
NoLita 22 49 299
Roosevelt Island 6 23 17
SoHo 166 143 1056
Stuyvesant Town - Peter Cooper Village 0 41 194
Sutton Place 99 51 131
Theater District - Times Square 34 102 238
TriBeCa 177 172 1002
Tudor City 49 39 23
Two Bridges 0 2 124
Union Square 25 37 115
Upper East Side 1186 1181 6278
Upper West Side 712 1582 4772
Washington Heights 70 76 1398
West Village 147 279 2365
Yorkville 212 449 1854
This page is in Good Standing
Based on data sources and user reports, this page is believed to be accurate.
Beg to differ? Flag This Page
×
Please flag responsibly:
Lay it on us...