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 $4,073,578. 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.
Manhattan currently has 5224 homes for sale,
including the following different types of property:
2479 condos / condominiums,
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.
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.