Manhattan Real Estate & Apartments For Sale

What is the average price per square foot in Manhattan?

The average price per square foot in Manhattan has been $1,488 in 2020, a drop of approximately 5.3 percent from 2019, when the average sales price per square foot was $1,572. Manhattan condos sold for an average of $1,984 per square foot in 2020, significantly higher than the average price per square foot for co-ops, which averaged $997 per square foot.

Is Manhattan real estate a good investment?

Buying real estate in Manhattan is an excellent investment if you plan on living there. By purchasing an apartment in Manhattan, you'll build equity and save on the extraordinarily high rental prices in Manhattan. In the long-term, it's also likely that your Manhattan home will appreciate in value. 

Is now a good time to buy an apartment in Manhattan?

Yes, 2020 and 2021 are great years to buy an apartment in Manhattan due to the falling prices and low mortgage rates. The coronavirus pandemic has led to Manhattan real estate prices dropping, while the fed has kept mortgage rates low. Combined, this means that it's more affordable to buy a Manhattan apartment now than it has been in years. 

Are Manhattan real estate prices falling?

Manhattan real estate prices have fallen approximately 5.3 percent in 2020 due to the coronavirus pandemic. As of December 2020, interest in Manhattan real estate has picked up, but home prices still face downward pressure.

Why is Manhattan real estate so expensive?

Manhattan is a small island with highly desirable real estate, so it's only natural that the high demand for homes in Manhattan has driven sales prices up. There are a limited number of apartments for sale in Manhattan and a lot of buyers, so real estate prices are only expected to rise in the future. 

What is the most expensive real estate in Manhattan?

The most expensive real estate in Manhattan is located on billionaire's row, the area of 57th Street located directly below Central Park. The penthouses for sale in the uber-luxury condominiums on billionaire's row represent not only the most expensive real estate in Manhattan but some of the most expensive properties in the world, such as the iconic One57 and 432 Park Avenue.