See the average size and price of Apartments for Sale in Manhattan
PRICE / SQFT
Average Sales Stats:
Based on current sales data, the average price for a home in Manhattan is $4,041,917. The average price per square foot is $1,792. The average neighborhood home is 1,895 square feet,
has 2 bedrooms and 2 bathrooms. In terms of condominiums,
Manhattan condos carry an average monthly maintenance of $2,357 per month.
The majority of homes in the neighborhood are in post war buildings.
Manhattan currently has 5305 homes for sale,
including the following different types of property:
2505 condos / condominiums,
and 325 townhouses
(for example brownstones or other types of single or multi-family homes).
Of these, 662 homes are single room studios,
1508 are one bedroom homes,
1416 are two bedroom homes,
843 are three bedroom homes and the rest are larger.
While data is not available for all properties, 566 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.
1833 have air conditioning, 1513 offer city views, 2300 have concierge services inside the bulding, 3917 have a doorman, 4081 have elevator service, 357 have a fireplace, 8 of the listings are available furnished, 1212 have a gym or fitness center, 1418 have hardwood floors, 822 boast high ceilings, 184 have a jacuzzi, 3109 offer laundry services inside the building, 2580 have public outdoor space, 331 have park views, 1890 offer parking, 329 are penthouse apartments, 2109 allow pets, 955 have private outdoor space, 2340 offer storage, 701 have a swimming pool, 1542 have a washer / dryer inside the home, 832 have water views.
PRICE REDUCED HOMES:
There are currently 1,603 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.