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 Jan 26, 2015.
(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 694 $1,215 $738,987
1 Bed 862 $1,395 $1,080,660
2 Bed
1,447 $1,791 $2,565,152
3 Bed 2,280 $2,298 $5,290,558
4+ Bed 3,915 $2,675 $11,076,655
*Based on 4,064 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $4,345,792. The average price per square foot is $1,905. The average neighborhood home is 1,939 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,458 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 4064 homes for sale, including the following different types of property: 1981 condos / condominiums, 1836 coops, and 247 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 485 homes are single room studios, 1169 are one bedroom homes, 1037 are two bedroom homes, 689 are three bedroom homes and the rest are larger. While data is not available for all properties, 490 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, 1470 have air conditioning, 1208 offer city views, 1813 have concierge services inside the bulding, 3021 have a doorman, 3130 have elevator service, 292 have a fireplace, 8 of the listings are available furnished, 968 have a gym or fitness center, 1052 have hardwood floors, 646 boast high ceilings, 138 have a jacuzzi, 2414 offer laundry services inside the building, 1981 have public outdoor space, 242 have park views, 1452 offer parking, 238 are penthouse apartments, 1509 allow pets, 711 have private outdoor space, 1787 offer storage, 575 have a swimming pool, 1233 have a washer / dryer inside the home, 546 have water views.

PRICE REDUCED HOMES:

There are currently 1,135 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 1,134 $3,303 $4,700,000
Battery Park City 622 $1,044 $649,500
Chelsea 1,477 $1,455 $1,525,318
Chinatown 222 $1,945 $558,000
Clinton 508 $1,516 $663,607
East Harlem 838 $1,193 $554,500
East Village 625 $1,568 $980,000
Financial District 610 $1,262 $728,656
Flatiron District 701 $1,355 $812,500
Fort George 530 $481 $277,500
Garment District 4,238 $1,106 $2,682,000
Gramercy Park 621 $1,056 $583,388
Greenwich Village 636 $1,082 $662,917
Harlem 1,190 $485 $642,500
Inwood 500 $400 $199,900
Kips Bay 498 $1,222 $564,524
Lenox Hill 532 $1,109 $588,031
Lincoln Square 519 $1,236 $574,406
Lower East Side 653 $570 $404,000
Manhattan Valley 565 $1,170 $666,250
Midtown Center 507 $1,173 $742,600
Midtown East 489 $1,044 $448,040
Midtown South Central 1,204 $1,591 $1,691,058
Morningside Heights N/A N/A $472,500
NoHo 900 $777 $3,833,000
NoLita N/A N/A $810,000
SoHo 1,653 $1,481 $1,523,889
TriBeCa 1,035 $1,638 $1,695,000
Tudor City 301 $977 $311,800
Upper East Side 754 $956 $760,488
Upper West Side 480 $1,069 $524,707
Washington Heights N/A N/A $105,000
West Village 375 $1,224 $558,667
Yorkville 723 $1,043 $524,263
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 974 $1,541 $868,833
Battery Park City 758 $1,142 $848,545
Bowery 1,500 $1,613 $1,485,000
Chelsea 944 $1,841 $1,489,321
Clinton 831 $1,512 $1,173,207
East Harlem 817 $820 $688,625
East Village 1,072 $1,411 $1,080,600
Financial District 899 $1,687 $1,474,563
Flatiron District 960 $1,646 $1,399,385
Fort George 737 $502 $383,684
Garment District 746 $1,724 $1,269,000
Gramercy Park 731 $1,417 $912,571
Greenwich Village 766 $1,497 $1,171,179
Hamilton Heights 629 $587 $411,000
Harlem 756 $731 $475,290
Hell's Kitchen 1,933 $1,367 $1,453,786
Inwood 765 $388 $295,143
Kips Bay 751 $1,044 $778,630
Lenox Hill 816 $1,465 $1,160,889
Lincoln Square 817 $1,764 $1,182,410
Little Italy 1,544 $1,878 $2,900,000
Lower East Side 724 $1,164 $629,833
Manhattan Valley 787 $1,295 $938,667
Midtown Center 976 $1,938 $1,804,540
Midtown East 916 $1,128 $911,515
Midtown South Central 852 $1,871 $1,354,768
Morningside Heights 706 $636 $455,571
NoLita 600 $2,333 $1,149,500
Roosevelt Island 682 $924 $634,667
SoHo 1,102 $1,828 $1,682,300
Sutton Place 914 $1,091 $1,038,391
Theater District - Times Square 920 $1,635 $1,336,500
TriBeCa 1,252 $1,868 $2,178,929
Tudor City 565 $930 $542,714
Two Bridges 568 $879 $499,000
Union Square 724 $1,894 $1,181,333
Upper East Side 817 $1,020 $854,012
Upper West Side 725 $1,228 $852,821
Washington Heights 741 $535 $368,818
West Village 920 $1,924 $1,559,831
Yorkville 766 $987 $675,441
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 953 $1,228 $1,107,500
Battery Park City 1,273 $1,684 $2,162,835
Bowery 1,449 $1,692 $2,101,714
Central Park N/A N/A $1,150,000
Chelsea 1,617 $1,912 $2,976,478
Chinatown 1,060 $1,816 $1,925,000
Civic Center 1,150 $696 $800,000
Clinton 1,480 $2,385 $3,540,047
East Harlem 1,167 $1,123 $2,130,200
East Village 1,225 $1,811 $1,845,000
Financial District 1,503 $1,797 $2,608,036
Flatiron District 1,727 $2,309 $3,662,200
Fort George 1,010 $606 $538,933
Garment District 1,324 $1,840 $2,582,857
Gramercy Park 1,395 $2,072 $2,885,000
Greenwich Village 1,545 $1,851 $2,683,345
Hamilton Heights 800 $406 $352,500
Harlem 1,065 $816 $817,565
Hell's Kitchen 950 $1,711 $1,591,667
Inwood 999 $581 $580,200
Kips Bay 1,205 $1,475 $1,757,571
Koreatown 1,379 $1,767 $2,590,000
Lenox Hill 1,381 $1,681 $2,678,440
Lincoln Square 1,270 $1,927 $2,277,609
Little Italy 1,490 $2,083 $3,083,333
Lower East Side 1,157 $1,615 $2,001,182
Manhattan Valley 1,416 $1,425 $1,481,278
Midtown Center 1,703 $2,317 $3,864,786
Midtown East 1,512 $1,646 $2,343,353
Midtown South Central 1,461 $2,111 $2,927,998
Morningside Heights 1,034 $1,074 $1,159,100
NoHo 2,017 $2,180 $4,182,500
NoLita 1,793 $1,392 $2,977,000
Roosevelt Island 1,213 $824 $987,000
SoHo 1,831 $2,143 $4,147,720
Sutton Place 1,539 $1,206 $1,819,636
Theater District - Times Square 1,353 $2,121 $2,927,857
TriBeCa 1,760 $2,542 $4,213,787
Tudor City N/A N/A $2,410,000
Union Square 1,242 $1,486 $1,896,667
Upper East Side 1,436 $1,630 $2,747,547
Upper West Side 1,359 $1,532 $1,915,234
Washington Heights 880 $559 $520,613
West Village 1,607 $2,416 $3,487,150
Yorkville 1,231 $1,180 $1,501,976
  See how 3 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City N/A N/A $1,289,500
Battery Park City 1,865 $1,767 $3,237,692
Bowery 2,064 $2,342 $5,000,000
Chelsea 2,248 $2,988 $6,691,000
Chinatown 1,383 $1,359 $1,880,000
Civic Center 1,336 $1,198 $1,475,000
Clinton 1,903 $2,308 $5,567,941
East Harlem 1,863 $899 $1,669,333
East Village 1,927 $1,427 $2,500,000
Financial District 2,408 $2,141 $5,423,160
Flatiron District 2,914 $2,511 $6,976,933
Fort George 1,551 $793 $1,163,800
Gramercy Park 2,229 $2,387 $5,078,889
Greenwich Village 2,984 $2,366 $6,494,545
Harlem 1,554 $643 $1,157,535
Hell's Kitchen 1,600 $1,875 $3,000,000
Inwood 1,465 $463 $787,000
Kips Bay 1,642 $1,194 $2,099,578
Lenox Hill 2,412 $2,647 $5,813,203
Lincoln Square 1,908 $2,295 $4,584,488
Lower East Side 1,630 $2,000 $3,260,000
Manhattan Valley 1,643 $1,560 $2,631,166
Midtown Center 2,766 $3,509 $10,365,182
Midtown East 2,177 $2,259 $4,751,935
Midtown South Central 2,538 $2,247 $5,399,926
Morningside Heights 1,242 $955 $1,354,750
NoHo 3,347 $2,744 $10,952,500
NoLita 3,446 $3,464 $12,966,667
SoHo 2,756 $2,586 $7,195,333
Sutton Place 2,113 $1,328 $3,122,750
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,398 $2,740 $6,353,909
Tudor City N/A N/A $1,750,000
Two Bridges 840 $1,048 $880,000
Union Square 2,751 $2,543 $6,923,571
Upper East Side 2,257 $2,286 $5,324,024
Upper West Side 2,004 $1,948 $4,174,471
Washington Heights 1,466 $528 $738,760
West Village 2,597 $2,840 $5,963,429
Yorkville 1,816 $1,532 $2,636,949
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,900 $954 $3,190,000
Battery Park City 2,959 $2,176 $6,832,857
Bowery 4,236 $4,426 $18,750,000
Central Park 1,945 $1,694 $3,295,000
Chelsea 4,972 $2,448 $11,809,643
Clinton 4,181 $3,181 $9,938,572
East Harlem 3,988 $1,807 $7,253,333
Financial District 2,919 $1,847 $5,203,404
Flatiron District 3,341 $2,689 $9,160,714
Fort George N/A N/A $1,175,000
Gramercy Park 2,302 $2,596 $4,937,500
Greenwich Village 6,156 $3,429 $21,005,833
Harlem 2,000 $700 $1,219,667
Hell's Kitchen 3,400 $1,723 $3,413,000
Lenox Hill 3,797 $2,683 $13,186,757
Lincoln Square 4,213 $3,241 $15,048,758
Little Italy 4,008 $936 $3,750,000
Lower East Side N/A N/A $1,495,000
Manhattan Valley 2,112 $1,728 $3,658,750
Midtown Center 4,127 $4,090 $16,678,333
Midtown East 4,092 $2,115 $9,133,769
Midtown South Central 3,593 $2,180 $7,283,444
Morningside Heights 1,100 $408 $1,522,000
NoHo 6,329 $3,001 $21,750,000
NoLita 4,119 $3,247 $13,375,000
SoHo 5,030 $2,885 $14,116,538
Sutton Place 4,595 $1,920 $9,964,375
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,428 $3,273 $14,674,946
Tudor City N/A N/A $2,350,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 4,111 $3,073 $12,200,338
Upper West Side 3,421 $2,212 $7,327,177
Washington Heights 2,177 $476 $1,039,800
West Village 3,713 $3,487 $13,653,500
Yorkville 3,164 $1,714 $6,172,345

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: $4,345,792 | Avg Size: 1,939 Sqft | Avg Price / Sqft: $1,905
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4 br
2.5 ba
n/a
Co-op
3,250,000
 
401 West End Avenue 3A
Upper West Side
3 br
3 ba
n/a
Co-op
2,500,000
 
2 br
3.5 ba
n/a
Co-op
2,795,000
 
4 br
4.5 ba
n/a
Condo
13,500,000
 
11 Fifth Avenue 9O
Greenwich Village
2 br
2 ba
n/a
Co-op
2,995,000
 
1 br
1 ba
n/a
Co-op
680,000
211 Madison Street
Lower East Side
5 br
3 ba
n/a
Condo
1,495,000
 
2 br
2 ba
1,200 sq
Co-op
1,200,000
$1,000/sq
 
1 br
1 ba
860 sq
Condo
1,395,000
$1,622/sq
 
13 West 13th Street 5ABN
Greenwich Village
2 br
2 ba
1,100 sq
Co-op
1,495,000
$1,359/sq
 
1 br
1.5 ba
782 sq
Condo
1,285,000
$1,643/sq
 
Studio
1 ba
543 sq
Condo
569,000
$1,048/sq
1 br
1 ba
n/a
Co-op
875,000
 
2 br
2 ba
1,060 sq
Condo
850,000
$802/sq
 
2 br
2 ba
1,060 sq
Condo
990,000
$934/sq
15 West 11th Street 2AB
Greenwich Village
3 br
2 ba
n/a
Co-op
3,000,000
 
173 Riverside Drive 8A
Upper West Side
3 br
3 ba
n/a
Co-op
2,650,000
 
Studio
1 ba
n/a
Co-op
469,000
 
1120 Fifth Avenue 14A
Upper East Side
5 br
4 ba
n/a
Co-op
15,000,000
 
2 br
2 ba
1,300 sq
Co-op
1,300,000
$1,000/sq
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 889 1646 11284
All Midtown 2871 5711 21513
All Uptown 298 724 13347
Alphabet City 18 79 943
Battery Park City 60 94 77
Bowery 14 56 713
Central Park 3 2 65
Chelsea 152 532 2352
Chinatown 12 41 660
Civic Center 3 2 16
Clinton 187 614 1632
East Harlem 57 162 3338
East Village 34 165 2014
Financial District 202 469 630
Flatiron District 52 98 394
Fort George 47 78 894
Garment District 22 37 291
Governors Island 0 0 0
Gramercy Park 66 74 659
Greenwich Village 120 195 1040
Hamilton Heights 7 32 674
Harlem 109 254 5105
Hell's Kitchen 24 201 251
Inwood 15 24 564
Kips Bay 63 199 900
Koreatown 5 9 135
Lenox Hill 450 356 1923
Liberty Island 0 0 0
Lincoln Square 229 779 824
Little Italy 7 9 175
Lower East Side 27 68 820
Manhattan Valley 47 226 563
Manhattanville 0 18 340
Marble Hill 0 0 170
Marcus Garvey 0 0 30
Meatpacking District 0 0 54
Midtown Center 143 156 817
Midtown East 226 225 957
Midtown South Central 94 257 799
Morningside Heights 30 74 1004
Murray Hill, Manhattan 95 333 510
NoHo 26 24 239
NoLita 22 28 299
Roosevelt Island 6 14 17
SoHo 78 102 1056
Stuyvesant Town - Peter Cooper Village 0 34 194
Sutton Place 83 69 131
Theater District - Times Square 31 86 238
TriBeCa 166 149 1002
Tudor City 29 30 23
Two Bridges 2 4 124
Union Square 18 24 115
Upper East Side 1002 1107 6278
Upper West Side 576 1624 4772
Washington Heights 33 82 1398
West Village 116 240 2365
Yorkville 178 446 1854
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