Posted by Wei Min Tan on May 27, 2022
Manhattan, New York home prices are based on whether the home is a condo or a co-op. The price per square foot of a condo is higher than that of a co-op because: a condo owner obtains land title, does not need council approval, and can rent the apartment as desired without limitation.
The average selling price of a condominium ranges from $908,991 for a studio to $9,846,869 for apartments with 4 bedrooms or more. Meanwhile, the average price per square foot ranges from $1,138 for a studio to $2,738 for apartments with 4 bedrooms and above.
The average price per square foot of a cooperative is about 50% lower than that of a condo. The average selling price of a cooperative ranges from $553,734 for a studio to $5,109,433 for an apartment with 4 bedrooms or more. The average price per square foot ranges from $852 to $1,596. Below is access to the full inventory of homes for sale in Manhattan, which can be narrowed down by neighborhood, rooms, amenities, and more. All agents of the seller are bound by the New York Real Estate Board to publicly list their property within 24 hours of receiving the sales mandate.
We focus on representing buyers identify the right purchase, negotiate the property and close the deal. Contact us to discuss how we can help you in your search.
Weimin’s article: Historic Condo Price Trend in Manhattan
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We focus on of global investors buy condos in Manhattan for portfolio diversification and long-term return on investment.
1) Identify the right purchase according to the objectives
2) Manage the buying process
3) Rent the property
4) Manage tenants
5) Market the property during the eventual sale
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