New York City Real Estate

Manhattan Real Estate Information

Overview of Manhattan

Manhattan is the central island in New York City and is home to Times Square, the financial district with Wall Street and New York Stock Exchange, United Nations, Central Park, Metropolitan Museum of Art and many other famous landmarks and tourist attractions.
Average price in Manhattan for condo apartments had increased steadily from 480 USD per square foot (5,167USD per square meter) in 1999 to 1,374 USD per square foot (14,790 USD per square meter) in 2008.

Prices for luxury condo apartments in Manhattan start around 400K USD (studio apartment in a luxury doorman building of 400 square feet (37 square meter) in midtown Manhattan). Example of the newest condo buildings include 20 Pine The Collection (www.20pine.com), Greenwich Club (www.88greenwich.com), 75 Wall (www.75wall.com), Ariel (www.arielcondos.com)

Manhattan real estate market over the last 10 years

Average price in Manhattan for condo apartments has increased steadily from 480 USD per square foot (5167 USD per square meter) in 1999 to 1251 USD per square foot (13466 USD per square meter) in 2008. In 2009, average price in Manhattan fell to 1073 USD per square foot (11550 USD per square meter). This is approximately 16% decline (prices fell between 15-30% depending on neighborhood, building and apartment).

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Market Report Prudential Douglas Elliman 2007-2016

Manhattan Real Estate Market Reports 1999-2009
Market Report Prudential Douglas Elliman 2001-2010

Below are the most recent market reports:

To learn more about these opportunities go to Manhattan real estate examples.

If you are looking to buy a property in Manhattan, you can click on www.eastwestproperty.com to search for available properties in Manhattan.

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