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 Aug 30, 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 692 $1,280 $735,405
1 Bed 826 $1,364 $1,013,922
2 Bed
1,419 $1,675 $2,375,841
3 Bed 2,270 $2,170 $5,035,520
4+ Bed 3,933 $2,835 $11,425,307
*Based on 4,590 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,643,557. The average price per square foot is $1,782. The average neighborhood home is 1,833 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,261 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 4590 homes for sale, including the following different types of property: 2261 condos / condominiums, 2065 coops, and 263 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 629 homes are single room studios, 1342 are one bedroom homes, 1257 are two bedroom homes, 661 are three bedroom homes and the rest are larger. While data is not available for all properties, 475 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, 1616 have air conditioning, 1370 offer city views, 2032 have concierge services inside the bulding, 3389 have a doorman, 3555 have elevator service, 281 have a fireplace, 11 of the listings are available furnished, 1095 have a gym or fitness center, 1177 have hardwood floors, 688 boast high ceilings, 165 have a jacuzzi, 2650 offer laundry services inside the building, 2370 have public outdoor space, 273 have park views, 1634 offer parking, 273 are penthouse apartments, 1980 allow pets, 829 have private outdoor space, 1986 offer storage, 647 have a swimming pool, 1275 have a washer / dryer inside the home, 805 have water views.

PRICE REDUCED HOMES:

There are currently 1,227 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 $541,100
Bowery N/A N/A $399,000
Chelsea 1,278 $1,200 $926,316
Clinton 503 $1,502 $659,353
East Harlem 360 $744 $268,000
Financial District 688 $1,194 $788,790
Flatiron District 942 $1,996 $1,880,000
Fort George 494 $492 $244,833
Garment District 3,005 $1,282 $1,882,000
Gramercy Park 586 $1,136 $580,682
Greenwich Village 670 $1,132 $646,643
Harlem 568 $733 $450,500
Hell's Kitchen 550 $1,418 $780,000
Inwood 550 $362 $189,667
Kips Bay 537 $986 $502,069
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 610 $1,056 $687,073
Lincoln Square 611 $1,355 $712,408
Little Italy 1,707 $1,110 $1,895,000
Lower East Side 885 $412 $340,000
Manhattan Valley 557 $1,035 $567,533
Midtown Center 537 $1,350 $639,889
Midtown East 577 $907 $466,059
Midtown South Central 431 $1,537 $684,667
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 $835,286
Theater District - Times Square 592 $1,461 $865,000
TriBeCa 2,214 $746 $1,711,250
Tudor City 309 $908 $311,937
Union Square 460 $1,624 $673,000
Upper East Side 765 $1,031 $1,046,178
Upper West Side 614 $1,112 $508,706
Washington Heights 794 $720 $450,182
West Village 518 $1,568 $735,205
Yorkville 628 $886 $472,630
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 793 $1,055 $614,000
Battery Park City 732 $1,176 $801,913
Bowery 1,124 $1,593 $1,065,286
Central Park 835 $1,317 $1,100,000
Chelsea 902 $1,686 $1,418,210
Chinatown 863 $1,385 $1,195,000
Civic Center 800 $699 $559,000
Clinton 807 $1,706 $1,275,836
East Harlem 691 $959 $642,456
East Village 734 $1,534 $1,113,071
Financial District 910 $1,617 $1,391,442
Flatiron District 803 $1,845 $1,334,714
Fort George 732 $562 $386,875
Garment District 752 $1,669 $1,240,455
Gramercy Park 733 $1,546 $1,042,670
Greenwich Village 923 $1,273 $1,073,089
Hamilton Heights N/A N/A $445,667
Harlem 681 $675 $402,608
Hell's Kitchen 699 $1,430 $988,917
Inwood 749 $352 $276,133
Kips Bay 719 $1,017 $689,744
Koreatown 1,925 $824 $1,728,333
Lenox Hill 841 $1,383 $1,064,868
Lincoln Square 791 $1,642 $1,159,065
Lower East Side 682 $760 $523,786
Manhattan Valley 808 $1,242 $862,240
Midtown Center 897 $1,670 $1,318,291
Midtown East 880 $1,045 $857,376
Midtown South Central 895 $1,809 $1,323,500
Morningside Heights 771 $590 $503,400
NoLita 685 $2,657 $2,087,500
Roosevelt Island 817 $909 $700,400
SoHo 798 $2,432 $1,869,100
Sutton Place 969 $907 $918,705
Theater District - Times Square 946 $1,575 $1,232,529
TriBeCa 972 $1,717 $1,609,706
Tudor City 550 $955 $515,545
Union Square 640 $1,523 $1,030,429
Upper East Side 826 $906 $798,722
Upper West Side 691 $1,107 $713,775
Washington Heights 641 $845 $472,233
West Village 1,029 $1,903 $1,661,128
Yorkville 732 $895 $607,453
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,125 $1,206 $1,163,250
Battery Park City 1,257 $1,572 $1,957,550
Bowery 1,154 $2,066 $2,245,000
Central Park N/A N/A $1,150,000
Chelsea 1,664 $2,024 $3,167,262
Chinatown 1,728 $1,597 $2,612,500
Clinton 1,379 $2,394 $3,229,431
East Harlem 1,191 $963 $1,075,338
East Village 1,182 $1,857 $1,897,750
Financial District 1,528 $1,695 $2,590,807
Flatiron District 1,539 $1,774 $2,629,300
Fort George 976 $579 $558,143
Garment District 1,069 $1,490 $1,918,167
Gramercy Park 1,513 $1,818 $2,953,368
Greenwich Village 1,700 $1,610 $2,713,534
Hamilton Heights 1,075 $435 $475,000
Harlem 1,071 $806 $801,649
Hell's Kitchen 1,050 $1,724 $1,751,944
Inwood 997 $512 $506,200
Kips Bay 1,207 $1,342 $1,499,177
Koreatown 1,437 $2,100 $2,624,000
Lenox Hill 1,500 $1,873 $2,935,216
Lincoln Square 1,334 $1,915 $2,911,745
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 1,127 $1,147 $1,249,615
Manhattan Valley 1,128 $1,223 $1,341,667
Manhattanville 800 $580 $408,000
Midtown Center 1,489 $1,792 $2,542,661
Midtown East 1,505 $1,511 $2,050,492
Midtown South Central 1,432 $1,589 $2,131,588
Morningside Heights 1,012 $917 $940,857
NoHo 2,046 $2,222 $4,393,750
NoLita 1,531 $2,156 $3,343,889
Roosevelt Island 1,150 $889 $1,009,500
SoHo 2,000 $2,184 $4,020,742
Sutton Place 1,473 $1,246 $1,878,941
Theater District - Times Square 1,426 $2,136 $3,011,786
TriBeCa 1,712 $2,159 $3,525,853
Tudor City 1,500 $1,330 $1,654,857
Union Square 1,884 $2,371 $3,674,286
Upper East Side 1,470 $1,763 $2,668,059
Upper West Side 1,284 $1,178 $1,515,691
Washington Heights 931 $629 $633,758
West Village 1,355 $2,078 $2,937,522
Yorkville 1,305 $1,276 $1,687,080
  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 1,808 $1,933 $3,375,407
Chelsea 2,631 $2,510 $6,697,854
Chinatown 2,200 $1,361 $2,995,000
Clinton 2,121 $2,532 $6,036,163
East Harlem 1,377 $772 $1,632,636
East Village 1,927 $1,661 $3,200,000
Financial District 2,492 $2,232 $5,850,714
Flatiron District 3,072 $2,183 $6,568,958
Fort George 1,086 $545 $586,667
Garment District 2,100 $2,500 $3,300,000
Gramercy Park 2,304 $2,128 $4,725,909
Greenwich Village 2,616 $1,933 $5,505,000
Harlem 1,605 $1,070 $1,420,363
Hell's Kitchen 1,740 $2,592 $4,600,000
Inwood 1,325 $531 $784,667
Kips Bay 1,650 $1,627 $2,663,333
Lenox Hill 2,412 $2,527 $5,990,822
Lincoln Square 2,010 $2,580 $5,571,718
Little Italy 1,981 $1,773 $3,497,500
Lower East Side 1,898 $947 $1,785,500
Manhattan Valley 1,464 $1,541 $2,088,571
Midtown Center 2,938 $4,489 $9,917,188
Midtown East 2,276 $1,796 $4,304,030
Midtown South Central 2,487 $2,467 $6,349,000
Morningside Heights 1,181 $901 $1,086,556
NoHo 2,651 $2,472 $6,291,857
NoLita 2,864 $3,319 $9,500,000
SoHo 2,793 $2,448 $6,845,769
Sutton Place 2,063 $1,475 $2,982,130
Theater District - Times Square 3,089 $2,242 $6,950,000
TriBeCa 2,551 $2,445 $6,006,638
Tudor City 1,300 $996 $1,295,000
Union Square 3,049 $3,258 $9,490,000
Upper East Side 2,074 $2,087 $5,107,010
Upper West Side 1,965 $1,756 $4,067,238
Washington Heights 1,201 $504 $669,100
West Village 3,215 $3,562 $9,279,875
Yorkville 2,017 $1,432 $3,079,233
  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 3,095 $2,218 $7,698,000
Chelsea 3,491 $2,961 $11,046,118
Clinton 3,556 $5,310 $17,887,750
East Harlem 3,914 $1,887 $8,640,000
Financial District 2,945 $2,234 $6,355,000
Flatiron District 3,890 $1,927 $7,223,750
Fort George 1,860 $741 $1,379,000
Garment District 3,794 $1,107 $4,200,000
Gramercy Park 4,908 $4,315 $17,230,000
Greenwich Village 5,495 $3,898 $21,709,000
Harlem 2,462 $1,216 $2,318,333
Hell's Kitchen 3,164 $2,484 $8,471,429
Kips Bay 2,884 $1,490 $4,249,500
Lenox Hill 3,950 $2,898 $12,392,446
Lincoln Square 4,112 $3,552 $14,739,926
Little Italy 6,600 $4,772 $31,495,000
Manhattan Valley 1,945 $1,607 $3,049,600
Midtown Center 4,017 $4,759 $18,607,917
Midtown East 3,330 $1,829 $6,699,230
Midtown South Central 4,157 $2,758 $12,540,222
NoHo 3,000 $1,832 $5,495,000
Roosevelt Island 1,777 $788 $1,400,000
SoHo 5,133 $2,639 $13,997,095
Sutton Place 3,956 $1,624 $6,623,429
Theater District - Times Square 2,227 $2,380 $5,300,000
TriBeCa 4,645 $3,153 $15,213,714
Union Square 3,585 $2,301 $8,250,000
Upper East Side 4,385 $2,760 $10,825,071
Upper West Side 3,647 $2,723 $10,492,061
Washington Heights 3,134 $637 $2,144,714
West Village 3,688 $3,194 $12,081,250
Yorkville 2,844 $1,544 $5,434,450

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: $3,643,557 | Avg Size: 1,833 Sqft | Avg Price / Sqft: $1,782
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1 br
1 ba
750 sq
Co-op
425,000
$567/sq
 
n/a
n/a
3,000 sq
House
2,100,000
$700/sq
 
Studio
1 ba
n/a
Co-op
298,000
 
350 Albany Street 2E
Battery Park City
1 br
1 ba
710 sq
Condo
625,000
$880/sq
 
5 br
5 ba
4,000 sq
Condo
7,250,000
$1,813/sq
 
3 br
2.5 ba
1,812 sq
Condo
3,995,000
$2,205/sq
 
2 br
2.5 ba
3,000 sq
Condo
5,500,000
$1,833/sq
 
1 br
1 ba
800 sq
Co-op
559,500
$699/sq
 
1 br
1 ba
n/a
Co-op
719,500
 
2 br
2.5 ba
n/a
Co-op
995,000
 
Studio
2 ba
2,053 sq
Condo
1,895,000
$923/sq
 
2 br
2 ba
n/a
Co-op
985,000
1 br
1 ba
n/a
Co-op
549,000
Studio
1 ba
350 sq
Co-op
257,000
$734/sq
1 br
1 ba
n/a
Co-op
569,000
 
1 br
1 ba
n/a
Co-op
700,000
 
1 br
1 ba
805 sq
Condo
820,000
$1,019/sq
 
1 br
1 ba
n/a
Co-op
729,500
 
2 br
1 ba
n/a
Co-op
1,100,000
 
2 br
1.5 ba
n/a
Co-op
1,250,000
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 997 1971 11284
All Midtown 3167 5495 21513
All Uptown 418 724 13347
Alphabet City 25 101 943
Battery Park City 64 130 77
Bowery 13 63 713
Central Park 3 3 65
Chelsea 215 448 2352
Chinatown 6 28 660
Civic Center 1 0 16
Clinton 208 517 1632
East Harlem 72 182 3338
East Village 50 212 2014
Financial District 203 549 630
Flatiron District 46 92 394
Fort George 51 80 894
Garment District 25 52 291
Governors Island 0 0 0
Gramercy Park 85 76 659
Greenwich Village 133 217 1040
Hamilton Heights 8 26 674
Harlem 145 271 5105
Hell's Kitchen 63 190 251
Inwood 32 30 564
Kips Bay 90 206 900
Koreatown 10 4 135
Lenox Hill 512 376 1923
Liberty Island 0 0 0
Lincoln Square 245 582 824
Little Italy 7 12 175
Lower East Side 32 89 820
Manhattan Valley 72 237 563
Manhattanville 3 15 340
Marble Hill 0 2 170
Marcus Garvey 0 0 30
Meatpacking District 0 1 54
Midtown Center 160 197 817
Midtown East 244 269 957
Midtown South Central 67 258 799
Morningside Heights 39 47 1004
Murray Hill, Manhattan 109 299 510
NoHo 21 34 239
NoLita 18 54 299
Roosevelt Island 8 22 17
SoHo 155 143 1056
Stuyvesant Town - Peter Cooper Village 0 28 194
Sutton Place 94 43 131
Theater District - Times Square 35 100 238
TriBeCa 160 159 1002
Tudor City 46 41 23
Two Bridges 0 2 124
Union Square 23 34 115
Upper East Side 1049 1130 6278
Upper West Side 595 1508 4772
Washington Heights 68 73 1398
West Village 134 278 2365
Yorkville 185 408 1854
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