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 Oct 21, 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 674 $1,262 $716,327
1 Bed 852 $1,363 $1,042,220
2 Bed
1,450 $1,748 $2,435,578
3 Bed 2,260 $2,158 $4,962,982
4+ Bed 3,888 $2,811 $11,240,715
*Based on 5,527 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,926,591. The average price per square foot is $1,802. The average neighborhood home is 1,861 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,354 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 5527 homes for sale, including the following different types of property: 2617 condos / condominiums, 2595 coops, and 315 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 712 homes are single room studios, 1577 are one bedroom homes, 1523 are two bedroom homes, 871 are three bedroom homes and the rest are larger. While data is not available for all properties, 561 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, 1918 have air conditioning, 1622 offer city views, 2368 have concierge services inside the bulding, 4095 have a doorman, 4264 have elevator service, 362 have a fireplace, 9 of the listings are available furnished, 1271 have a gym or fitness center, 1510 have hardwood floors, 851 boast high ceilings, 184 have a jacuzzi, 3216 offer laundry services inside the building, 2760 have public outdoor space, 345 have park views, 1978 offer parking, 338 are penthouse apartments, 2257 allow pets, 972 have private outdoor space, 2422 offer storage, 750 have a swimming pool, 1592 have a washer / dryer inside the home, 855 have water views.

PRICE REDUCED HOMES:

There are currently 1,533 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 914 $2,503 $3,276,333
Battery Park City 542 $1,031 $545,500
Bowery N/A N/A $399,000
Chelsea 1,454 $1,345 $1,402,935
Clinton 522 $1,464 $653,902
East Harlem 632 $1,032 $685,000
East Village 581 $1,806 $854,667
Financial District 679 $1,203 $778,617
Flatiron District 1,355 $1,572 $1,530,400
Fort George 492 $506 $259,750
Garment District 2,385 $1,365 $1,819,500
Gramercy Park 640 $1,097 $559,827
Greenwich Village 519 $1,068 $757,296
Harlem 423 $626 $257,333
Inwood 550 $362 $219,633
Kips Bay 528 $984 $502,690
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 648 $1,032 $674,997
Lincoln Square 591 $1,311 $639,369
Lower East Side 628 $662 $359,333
Manhattan Valley 551 $1,068 $588,944
Midtown Center 531 $1,070 $534,000
Midtown East 543 $888 $437,928
Midtown South Central 456 $1,527 $665,769
Morningside Heights 390 $385 $172,500
NoHo 900 $777 $699,000
Roosevelt Island 515 $980 $505,000
SoHo 594 $3,009 $1,711,301
Sutton Place 1,834 $1,022 $1,184,750
Theater District - Times Square 592 $1,427 $845,000
TriBeCa 2,327 $861 $2,031,667
Tudor City 352 $906 $319,247
Union Square N/A N/A $550,000
Upper East Side 708 $1,017 $798,846
Upper West Side 491 $1,057 $488,180
Washington Heights 794 $720 $559,125
West Village 446 $1,564 $693,316
Yorkville 593 $865 $449,894
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 835 $1,120 $733,556
Battery Park City 728 $1,121 $793,000
Bowery 1,092 $1,438 $1,205,000
Central Park 837 $1,178 $985,000
Chelsea 940 $1,611 $1,405,035
Civic Center 660 $726 $479,000
Clinton 852 $1,643 $1,324,840
East Harlem 830 $1,053 $725,964
East Village 822 $1,369 $1,056,063
Financial District 896 $1,638 $1,410,731
Flatiron District 899 $1,574 $1,270,500
Fort George 793 $599 $446,595
Garment District 751 $1,711 $1,638,000
Gramercy Park 727 $1,357 $918,632
Greenwich Village 786 $1,446 $1,142,310
Hamilton Heights 625 $440 $403,000
Harlem 711 $655 $432,389
Hell's Kitchen 1,783 $1,344 $1,325,200
Inwood 781 $338 $283,300
Kips Bay 745 $1,098 $704,947
Koreatown N/A N/A $1,895,000
Lenox Hill 829 $1,294 $1,037,176
Lincoln Square 824 $1,753 $1,262,750
Lower East Side 724 $1,028 $646,643
Manhattan Valley 762 $1,195 $823,740
Midtown Center 968 $1,638 $1,461,276
Midtown East 899 $1,075 $889,208
Midtown South Central 891 $1,446 $1,097,218
Morningside Heights 785 $653 $545,385
NoHo 1,205 $1,822 $2,195,000
NoLita 824 $2,466 $2,245,000
Roosevelt Island 817 $914 $711,600
SoHo 877 $2,403 $1,820,950
Sutton Place 974 $862 $834,241
Theater District - Times Square 933 $1,654 $1,299,647
TriBeCa 960 $1,782 $1,696,333
Tudor City 723 $832 $539,300
Union Square 749 $1,333 $899,000
Upper East Side 793 $1,012 $813,777
Upper West Side 719 $1,157 $809,336
Washington Heights 631 $777 $454,369
West Village 1,009 $1,898 $1,696,134
Yorkville 784 $939 $656,402
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,203 $1,267 $1,328,154
Battery Park City 1,208 $1,474 $1,747,083
Bowery 1,280 $2,224 $2,195,727
Central Park N/A N/A $1,150,000
Chelsea 1,562 $1,989 $2,993,826
Chinatown 1,322 $1,587 $2,037,500
Civic Center 1,150 $739 $850,000
Clinton 1,398 $2,453 $3,487,989
East Harlem 1,224 $986 $1,448,703
East Village 1,197 $1,872 $1,859,400
Financial District 1,468 $1,750 $2,536,400
Flatiron District 1,581 $1,815 $2,797,346
Fort George 1,009 $539 $544,364
Garment District 1,205 $1,535 $1,754,167
Gramercy Park 1,386 $1,768 $2,515,204
Greenwich Village 1,678 $1,715 $2,426,750
Hamilton Heights 800 $406 $325,000
Harlem 1,120 $801 $811,108
Hell's Kitchen 1,016 $1,653 $1,618,333
Inwood 989 $477 $476,750
Kips Bay 1,226 $1,302 $1,492,550
Koreatown 1,473 $1,969 $2,609,000
Lenox Hill 1,505 $1,921 $3,014,699
Lincoln Square 1,335 $1,936 $2,521,531
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 1,273 $1,161 $1,293,375
Manhattan Valley 1,094 $1,322 $1,411,273
Manhattanville 650 $423 $262,500
Midtown Center 1,567 $2,131 $3,005,534
Midtown East 1,674 $1,619 $2,343,487
Midtown South Central 1,481 $1,855 $2,574,249
Morningside Heights 991 $912 $943,611
NoHo 2,102 $1,981 $3,982,667
NoLita 1,691 $2,310 $4,102,000
Roosevelt Island 1,249 $887 $1,099,500
SoHo 1,860 $2,128 $3,797,221
Sutton Place 1,445 $1,258 $1,834,595
Theater District - Times Square 1,429 $2,079 $2,942,500
TriBeCa 1,753 $2,235 $3,769,571
Tudor City 1,013 $837 $1,359,143
Union Square 1,914 $2,165 $3,555,000
Upper East Side 1,465 $1,745 $2,603,767
Upper West Side 1,296 $1,344 $1,618,209
Washington Heights 930 $602 $581,270
West Village 1,530 $2,107 $3,098,977
Yorkville 1,284 $1,230 $1,575,898
  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 $1,288 $2,995,000
Battery Park City 1,862 $1,796 $3,213,990
Bowery 2,231 $3,530 $7,875,000
Chelsea 2,548 $2,467 $6,128,980
Chinatown 1,993 $1,390 $2,758,333
Clinton 1,947 $2,146 $4,947,433
East Harlem 1,416 $898 $1,677,706
East Village 1,927 $1,556 $2,999,000
Financial District 2,452 $2,282 $6,023,559
Flatiron District 2,917 $2,139 $6,146,923
Fort George 1,529 $615 $851,000
Garment District N/A N/A $1,350,000
Gramercy Park 2,329 $2,305 $4,953,750
Greenwich Village 2,624 $1,973 $5,353,929
Hamilton Heights 1,050 $476 $500,000
Harlem 1,426 $875 $1,120,204
Hell's Kitchen 1,725 $2,546 $4,500,000
Inwood 1,300 $576 $784,500
Kips Bay 1,539 $1,292 $2,109,648
Lenox Hill 2,261 $2,425 $5,482,360
Lincoln Square 2,014 $2,348 $4,685,685
Little Italy 2,133 $1,688 $3,600,000
Lower East Side 1,649 $1,187 $1,957,500
Manhattan Valley 1,493 $1,544 $2,142,267
Midtown Center 2,951 $3,838 $10,023,962
Midtown East 2,218 $2,136 $4,803,978
Midtown South Central 2,627 $2,459 $6,705,552
Morningside Heights 1,239 $984 $1,098,333
NoHo 2,736 $2,427 $6,266,333
NoLita 3,671 $3,737 $14,208,333
SoHo 2,704 $2,394 $6,530,172
Sutton Place 2,131 $1,360 $3,244,393
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,515 $2,522 $6,016,917
Union Square 3,107 $2,702 $7,930,714
Upper East Side 2,383 $2,214 $5,311,117
Upper West Side 1,940 $1,825 $4,181,143
Washington Heights 1,377 $572 $810,363
West Village 2,684 $2,863 $7,160,579
Yorkville 2,050 $1,413 $2,960,024
  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 3,205 $2,367 $8,630,000
Bowery 4,236 $4,426 $18,750,000
Chelsea 3,567 $2,928 $11,266,706
Clinton 3,045 $5,483 $14,846,444
East Harlem 4,335 $1,813 $8,416,429
Financial District 2,953 $1,959 $5,642,029
Flatiron District 3,600 $1,963 $7,397,000
Gramercy Park 4,783 $4,014 $15,102,500
Greenwich Village 6,487 $4,005 $25,289,167
Harlem 2,616 $1,123 $1,876,800
Hell's Kitchen 3,333 $2,599 $8,553,077
Inwood 1,400 $528 $739,000
Lenox Hill 4,045 $2,833 $12,293,067
Lincoln Square 4,225 $3,512 $14,605,135
Little Italy 6,600 $4,772 $31,495,000
Lower East Side 2,090 $694 $1,450,000
Manhattan Valley 2,107 $1,578 $3,234,714
Midtown Center 4,195 $4,813 $19,727,778
Midtown East 3,767 $2,343 $8,182,667
Midtown South Central 3,762 $2,642 $10,662,455
Morningside Heights N/A N/A $3,049,500
NoHo 3,792 $1,625 $5,997,500
NoLita 4,078 $3,249 $13,250,000
SoHo 5,012 $2,660 $13,398,591
Sutton Place 3,843 $1,650 $7,728,900
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,374 $3,072 $13,792,083
Tudor City N/A N/A $2,495,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 3,895 $2,572 $10,802,397
Upper West Side 3,569 $2,573 $10,907,690
Washington Heights 2,067 $578 $1,029,000
West Village 3,899 $3,433 $13,801,917
Yorkville 2,907 $1,532 $5,228,400

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: $3,926,591 | Avg Size: 1,861 Sqft | Avg Price / Sqft: $1,802
64 new listings just came in!
Upgrade to Blocksy EdgeTM and get the first look at NYC's newest listings before others.
View Now
×
 
247 West 46th Street 4103
Theater District - Times Square
2 br
2.5 ba
1,306 sq
Condo
2,695,000
$2,064/sq
 
2 br
2 ba
n/a
Co-op
1,195,000
 
3 br
3.5 ba
2,213 sq
Condo
6,700,000
$3,028/sq
 
3 br
3.5 ba
2,408 sq
Condo
5,295,000
$2,199/sq
 
2 River Ter 4R
Battery Park City
3 br
3 ba
2,156 sq
Condo
4,000,000
$1,855/sq
 
2373 Broadway 628
Upper West Side
1 br
1 ba
725 sq
Co-op
815,000
$1,124/sq
 
Studio
1 ba
n/a
Co-op
429,000
2 br
2.5 ba
1,917 sq
Condo
3,750,000
$1,956/sq
 
2 br
1 ba
n/a
Co-op
1,250,000
 
4 br
4 ba
4,551 sq
Condo
40,000,000
$8,789/sq
 
2 br
1 ba
1,180 sq
Co-op
950,000
$805/sq
 
1 br
1 ba
n/a
Co-op
689,000
 
445 Fifth Avenue 29C
Midtown South Central
2 br
2 ba
1,100 sq
Condo
1,900,000
$1,727/sq
 
4 br
4.5 ba
3,387 sq
Condo
5,890,000
$1,739/sq
 
6 br
5.5 ba
4,700 sq
Condo
15,600,000
$3,319/sq
 
5 Beekman Street 20C
Financial District
1 br
1 ba
703 sq
Condo
1,550,000
$2,205/sq
 
3 br
2.5 ba
n/a
Condo
3,600,000
 
4 br
4 ba
n/a
Co-op
5,225,000
 
3 br
2 ba
1,147 sq
Co-op
875,000
$763/sq
 
3 br
2 ba
1,392 sq
Condo
2,638,000
$1,895/sq
 1 2 3 4 5 6 7 >  Last ›
Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 1206 2096 11284
All Midtown 3848 6147 21513
All Uptown 463 827 13347
Alphabet City 34 118 943
Battery Park City 52 138 77
Bowery 21 62 713
Central Park 4 2 65
Chelsea 253 529 2352
Chinatown 8 44 660
Civic Center 2 1 16
Clinton 245 578 1632
East Harlem 86 195 3338
East Village 66 229 2014
Financial District 256 599 630
Flatiron District 65 95 394
Fort George 61 90 894
Garment District 24 49 291
Governors Island 0 0 0
Gramercy Park 113 89 659
Greenwich Village 164 221 1040
Hamilton Heights 14 34 674
Harlem 164 300 5105
Hell's Kitchen 50 171 251
Inwood 28 32 564
Kips Bay 97 220 900
Koreatown 8 7 135
Lenox Hill 573 423 1923
Liberty Island 0 0 0
Lincoln Square 297 747 824
Little Italy 6 10 175
Lower East Side 35 93 820
Manhattan Valley 87 254 563
Manhattanville 2 19 340
Marble Hill 0 0 170
Marcus Garvey 0 1 30
Meatpacking District 0 0 54
Midtown Center 195 207 817
Midtown East 301 267 957
Midtown South Central 93 320 799
Morningside Heights 44 55 1004
Murray Hill, Manhattan 131 345 510
NoHo 25 36 239
NoLita 20 60 299
Roosevelt Island 10 23 17
SoHo 164 141 1056
Stuyvesant Town - Peter Cooper Village 0 35 194
Sutton Place 107 52 131
Theater District - Times Square 38 101 238
TriBeCa 221 162 1002
Tudor City 57 33 23
Two Bridges 0 3 124
Union Square 22 37 115
Upper East Side 1262 1292 6278
Upper West Side 783 1718 4772
Washington Heights 64 101 1398
West Village 166 297 2365
Yorkville 225 499 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...