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 Nov 27, 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 703 $1,156 $689,919
1 Bed 856 $1,345 $1,046,280
2 Bed
1,447 $1,744 $2,470,456
3 Bed 2,271 $2,178 $4,967,511
4+ Bed 3,870 $2,724 $10,870,970
*Based on 5,224 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $4,073,578. The average price per square foot is $1,800. The average neighborhood home is 1,905 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,366 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 5224 homes for sale, including the following different types of property: 2479 condos / condominiums, 2421 coops, and 324 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 653 homes are single room studios, 1480 are one bedroom homes, 1386 are two bedroom homes, 833 are three bedroom homes and the rest are larger. While data is not available for all properties, 568 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, 1804 have air conditioning, 1490 offer city views, 2274 have concierge services inside the bulding, 3859 have a doorman, 4013 have elevator service, 349 have a fireplace, 9 of the listings are available furnished, 1193 have a gym or fitness center, 1371 have hardwood floors, 810 boast high ceilings, 182 have a jacuzzi, 3050 offer laundry services inside the building, 2539 have public outdoor space, 329 have park views, 1876 offer parking, 322 are penthouse apartments, 2100 allow pets, 938 have private outdoor space, 2297 offer storage, 692 have a swimming pool, 1528 have a washer / dryer inside the home, 820 have water views.

PRICE REDUCED HOMES:

There are currently 1,585 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 $1,010 $541,700
Bowery N/A N/A $399,000
Chelsea 940 $1,501 $1,210,591
Chinatown 222 $1,945 $432,333
Clinton 508 $1,436 $630,179
East Harlem 632 $1,032 $493,000
East Village 625 $1,568 $980,000
Financial District 687 $1,203 $786,124
Flatiron District 3,400 $1,081 $1,813,600
Fort George 438 $530 $254,750
Garment District 2,394 $1,376 $1,794,500
Gramercy Park 654 $1,101 $571,571
Greenwich Village 531 $1,100 $757,828
Harlem 523 $418 $220,667
Inwood 500 $425 $222,667
Kips Bay 531 $1,052 $533,250
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 637 $1,058 $640,339
Lincoln Square 630 $1,281 $606,875
Lower East Side 693 $594 $359,333
Manhattan Valley 559 $1,115 $633,400
Midtown Center 562 $1,058 $700,667
Midtown East 499 $938 $428,367
Midtown South Central 1,097 $1,416 $1,127,312
Morningside Heights 390 $385 $172,500
NoHo 900 $777 $699,000
SoHo 1,113 $1,897 $1,459,200
Sutton Place 3,257 $1,104 $1,997,000
TriBeCa 2,781 $835 $2,397,500
Tudor City 341 $950 $319,583
Upper East Side 698 $939 $741,991
Upper West Side 507 $1,067 $499,331
Washington Heights 794 $720 $508,667
West Village 375 $1,224 $683,464
Yorkville 615 $883 $449,704
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 962 $1,205 $877,143
Battery Park City 711 $1,112 $799,500
Bowery 1,250 $1,554 $1,272,500
Chelsea 902 $1,599 $1,347,745
Clinton 825 $1,594 $1,212,568
East Harlem 785 $892 $710,297
East Village 955 $1,390 $1,127,800
Financial District 879 $1,666 $1,407,188
Flatiron District 930 $1,569 $1,393,375
Fort George 708 $579 $403,329
Garment District 792 $1,858 $1,375,917
Gramercy Park 755 $1,474 $968,320
Greenwich Village 810 $1,555 $1,194,611
Hamilton Heights N/A N/A $445,667
Harlem 716 $675 $435,255
Hell's Kitchen 1,777 $1,348 $1,343,500
Inwood 775 $350 $283,286
Kips Bay 725 $1,075 $716,273
Koreatown N/A N/A $1,895,000
Lenox Hill 832 $1,344 $1,103,488
Lincoln Square 836 $1,739 $1,216,713
Lower East Side 733 $1,048 $608,571
Manhattan Valley 814 $1,312 $968,360
Midtown Center 982 $1,904 $1,671,074
Midtown East 879 $1,113 $892,735
Midtown South Central 885 $1,566 $1,370,571
Morningside Heights 812 $684 $546,923
NoLita N/A N/A $1,200,000
Roosevelt Island 784 $883 $662,250
SoHo 1,069 $1,651 $1,611,800
Sutton Place 1,026 $1,005 $990,394
Theater District - Times Square 899 $1,670 $1,323,353
TriBeCa 1,239 $1,811 $2,135,750
Tudor City 725 $881 $576,188
Two Bridges 568 $879 $499,000
Union Square 779 $1,812 $1,201,667
Upper East Side 786 $1,004 $843,223
Upper West Side 686 $1,115 $771,065
Washington Heights 654 $760 $460,167
West Village 1,016 $1,872 $1,560,006
Yorkville 766 $971 $645,969
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,145 $1,244 $1,313,533
Battery Park City 1,215 $1,611 $1,953,571
Bowery 1,577 $2,165 $2,409,778
Central Park N/A N/A $1,150,000
Chelsea 1,614 $1,822 $2,731,314
Civic Center 1,150 $696 $800,000
Clinton 1,419 $2,445 $3,499,537
East Harlem 1,204 $1,031 $1,273,042
East Village 1,261 $1,903 $2,467,500
Financial District 1,484 $1,725 $2,477,501
Flatiron District 1,690 $2,078 $3,410,034
Fort George 1,031 $552 $526,750
Garment District 1,417 $1,723 $2,234,000
Gramercy Park 1,362 $1,775 $2,651,196
Greenwich Village 1,505 $1,759 $2,479,974
Hamilton Heights 800 $406 $325,000
Harlem 1,122 $824 $855,382
Hell's Kitchen 1,008 $1,650 $1,594,455
Inwood 1,011 $454 $477,000
Kips Bay 1,234 $1,385 $1,650,750
Koreatown 1,392 $1,749 $2,340,833
Lenox Hill 1,486 $1,877 $2,921,447
Lincoln Square 1,335 $1,930 $2,510,712
Little Italy 1,897 $1,625 $2,868,750
Lower East Side 1,173 $1,723 $2,196,182
Manhattan Valley 1,251 $1,214 $1,727,000
Manhattanville 650 $423 $262,500
Midtown Center 1,629 $2,215 $3,259,650
Midtown East 1,551 $1,597 $2,193,155
Midtown South Central 1,477 $1,924 $2,565,035
Morningside Heights 960 $918 $922,682
NoHo 2,112 $1,967 $3,934,091
NoLita 1,497 $2,037 $2,907,143
Roosevelt Island 1,207 $911 $1,091,333
SoHo 1,761 $2,032 $3,687,750
Sutton Place 1,554 $1,185 $1,786,917
Theater District - Times Square 1,365 $2,076 $2,750,643
TriBeCa 1,739 $2,291 $3,879,327
Tudor City 1,100 $727 $1,783,750
Union Square 1,622 $2,399 $3,298,333
Upper East Side 1,452 $1,679 $2,659,168
Upper West Side 1,359 $1,523 $1,797,551
Washington Heights 968 $614 $569,265
West Village 1,475 $1,996 $2,961,882
Yorkville 1,279 $1,229 $1,607,198
  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 $2,315,000
Battery Park City 1,823 $1,734 $3,059,921
Bowery 2,231 $3,530 $7,875,000
Chelsea 2,528 $2,597 $6,106,500
Chinatown 1,792 $1,360 $2,437,500
Civic Center 1,336 $1,198 $1,600,000
Clinton 1,993 $2,116 $5,033,202
East Harlem 1,780 $905 $1,646,385
East Village 1,822 $1,301 $2,348,000
Financial District 2,437 $2,196 $5,606,553
Flatiron District 2,832 $2,520 $6,785,600
Fort George 1,469 $692 $990,667
Garment District N/A N/A $1,350,000
Gramercy Park 2,261 $2,390 $4,941,000
Greenwich Village 2,860 $2,129 $5,772,188
Hamilton Heights 1,100 $172 $189,000
Harlem 1,529 $838 $1,069,932
Hell's Kitchen 1,733 $2,708 $4,833,333
Inwood 1,300 $576 $806,600
Kips Bay 1,477 $1,271 $2,039,578
Lenox Hill 2,284 $2,446 $5,577,663
Lincoln Square 1,983 $2,283 $4,529,959
Lower East Side 1,808 $1,298 $2,277,000
Manhattan Valley 1,508 $1,623 $2,420,643
Midtown Center 3,038 $3,892 $10,356,591
Midtown East 2,192 $2,160 $5,067,415
Midtown South Central 2,548 $2,173 $5,111,872
Morningside Heights 1,220 $974 $1,316,500
NoHo 3,340 $2,808 $8,054,800
NoLita 3,628 $3,619 $13,716,667
SoHo 2,738 $2,363 $6,533,043
Sutton Place 2,107 $1,407 $3,148,192
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,559 $2,578 $6,335,418
Tudor City N/A N/A $1,750,000
Union Square 2,758 $2,704 $7,401,875
Upper East Side 2,380 $2,284 $5,564,345
Upper West Side 1,937 $1,845 $4,099,509
Washington Heights 1,380 $568 $888,880
West Village 2,642 $2,848 $6,020,176
Yorkville 2,008 $1,642 $3,081,300
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,673 $1,124 $3,093,000
Battery Park City 3,672 $2,608 $9,981,667
Bowery 4,236 $4,426 $18,750,000
Central Park 1,945 $1,694 $3,295,000
Chelsea 3,704 $2,741 $9,655,875
Clinton 3,505 $4,018 $11,841,083
East Harlem 4,335 $1,813 $8,252,143
East Village 2,700 $2,019 $5,450,000
Financial District 2,732 $1,805 $4,872,704
Flatiron District 3,907 $2,530 $10,079,000
Fort George N/A N/A $1,175,000
Garment District N/A N/A $4,950,000
Gramercy Park 4,783 $4,014 $15,102,500
Greenwich Village 5,463 $3,166 $18,604,286
Harlem 2,741 $1,111 $2,063,111
Hell's Kitchen 3,427 $2,667 $8,903,250
Inwood 1,400 $499 $699,000
Lenox Hill 3,987 $2,758 $12,146,226
Lincoln Square 4,295 $3,493 $15,800,049
Little Italy 4,008 $936 $3,750,000
Lower East Side N/A N/A $1,575,000
Manhattan Valley 2,051 $1,607 $3,224,125
Midtown Center 3,945 $4,554 $17,443,889
Midtown East 3,802 $2,039 $8,043,267
Midtown South Central 3,688 $2,121 $7,876,000
Morningside Heights N/A N/A $2,699,000
NoHo 3,792 $1,625 $5,997,500
NoLita 4,119 $3,247 $13,375,000
SoHo 5,122 $2,804 $13,884,955
Sutton Place 4,028 $1,669 $7,513,143
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,361 $3,179 $14,052,614
Tudor City N/A N/A $2,350,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 4,016 $2,699 $11,363,737
Upper West Side 3,480 $2,368 $9,875,225
Washington Heights 2,587 $547 $1,224,000
West Village 3,741 $3,324 $12,952,917
Yorkville 3,111 $1,645 $5,582,414

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: $4,073,578 | Avg Size: 1,905 Sqft | Avg Price / Sqft: $1,800
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Studio
1 ba
525 sq
Co-op
525,000
$1,000/sq
 
1 br
1 ba
650 sq
Co-op
299,000
$460/sq
 
2 br
2 ba
1,351 sq
Condo
2,290,000
$1,695/sq
 
2 br
2 ba
1,820 sq
Condo
2,995,000
$1,646/sq
 
1 br
1 ba
n/a
Co-op
699,000
 
2 br
2.5 ba
1,592 sq
Condo
2,850,000
$1,790/sq
1 br
1 ba
780 sq
Condo
1,195,000
$1,532/sq
 
2 br
2.5 ba
1,481 sq
Condo
2,950,000
$1,992/sq
 
1 br
1 ba
949 sq
Condo
1,345,000
$1,417/sq
 
2 br
2.5 ba
1,800 sq
Co-op
1,600,000
$889/sq
 
n/a
n/a
3,600 sq
House
9,250,000
$2,569/sq
 
1 br
1 ba
525 sq
Co-op
375,000
$714/sq
 
2 br
2.5 ba
1,800 sq
Co-op
1,900,000
$1,056/sq
 
6 br
7.5 ba
6,400 sq
Condo
17,950,000
$2,805/sq
Studio
1 ba
212 sq
Condo
399,000
$1,882/sq
64 East 94th Street 7B
Upper East Side
1 br
1 ba
n/a
Co-op
739,000
Studio
1 ba
241 sq
Condo
499,000
$2,071/sq
 
1 br
2 ba
943 sq
Condo
1,300,000
$1,379/sq
 
1 br
1 ba
n/a
Co-op
500,000
 
30 West Street 33C
Battery Park City
2 br
2 ba
1,150 sq
Condo
1,625,000
$1,413/sq
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 1104 2165 11284
All Midtown 3668 6563 21513
All Uptown 444 893 13347
Alphabet City 36 112 943
Battery Park City 61 137 77
Bowery 18 60 713
Central Park 3 3 65
Chelsea 226 559 2352
Chinatown 8 48 660
Civic Center 2 2 16
Clinton 249 720 1632
East Harlem 75 197 3338
East Village 59 224 2014
Financial District 249 616 630
Flatiron District 72 97 394
Fort George 56 96 894
Garment District 24 45 291
Governors Island 0 0 0
Gramercy Park 94 101 659
Greenwich Village 157 255 1040
Hamilton Heights 11 43 674
Harlem 151 335 5105
Hell's Kitchen 45 225 251
Inwood 29 36 564
Kips Bay 91 222 900
Koreatown 9 8 135
Lenox Hill 573 435 1923
Liberty Island 0 0 0
Lincoln Square 269 805 824
Little Italy 7 11 175
Lower East Side 30 82 820
Manhattan Valley 65 253 563
Manhattanville 2 20 340
Marble Hill 0 0 170
Marcus Garvey 0 0 30
Meatpacking District 0 0 54
Midtown Center 184 204 817
Midtown East 269 248 957
Midtown South Central 101 332 799
Morningside Heights 54 65 1004
Murray Hill, Manhattan 116 393 510
NoHo 24 37 239
NoLita 20 51 299
Roosevelt Island 8 23 17
SoHo 115 140 1056
Stuyvesant Town - Peter Cooper Village 0 35 194
Sutton Place 113 69 131
Theater District - Times Square 37 110 238
TriBeCa 198 177 1002
Tudor City 57 33 23
Two Bridges 1 5 124
Union Square 19 30 115
Upper East Side 1267 1338 6278
Upper West Side 692 1791 4772
Washington Heights 66 101 1398
West Village 155 320 2365
Yorkville 221 520 1854
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