The Average Sales Price of an Apartment in Manhattan Tops $2 Million

For the first time, the average sales price of an apartment in Manhattan tops $2 million. An increase in condominium sales valued at $10 million or more elevated the average.

According to Reuters, apartment sales prices in Manhattan have nearly doubled over the past decade but prices are leveling off and this is expected to continue in 2017.

Additionally, Forbes just released a list of the most expensive zip codes across the country and New York City has five out of America’s Top 10 most expensive zip codes.

 

#2: 10075 – The Upper East Side in the upper East 70s – The median price for a home in this area is $7.2 million.

      

The most expensive residence for sale in this area is a 14,000 sq ft mansion at 7 East 76th Street with an asking price of $42 million ($3,000 per sq ft).


#5: 10065 – The Upper East Side in the Lenox Hill neighborhood which is East 60th Street to East 77th Street, from Park Avenue to the East River – The median price for a home in this area is $6,935,111 million.

      

The most expensive residence for sale in the area is a 12,000 sq ft co-op apartment at 834 Fifth Avenue with an asking price of $96 million ($8,000 per sq ft).


#6: 10028 – Most of the East 80s on the Upper East Side – The median price for a home in this area is $6.3 million.

      

The most expensive residence for sale in this area is a 9,035 sq ft townhouse at 63 East 82nd Street with an asking price of $23.75 million ($2,628 per sq ft).


#7: 10012 – Parts of Greenwich Village, Soho, and Nolita – The median price for a home in this area is $6,278,398 million.

      

The most expensive residence for sale in the area is a 6,000 sq ft condo penthouse at the Puck Building at 293 Lafayette Street with an asking price of $35 million ($5,833 per sq ft).


#9: 10014 – Most of the West Village and parts of Greenwich Village – The median price for a home in this area is $5,785,763 million.

      

The most expensive residence in this area is Penthouse North at the Herzog & de Meuron designed condominium building at 160 Leroy Street. The 7,750 square foot apartment is asking $48.5 million ($6,258 per sq ft).