Want to pay cash for a Manhattan apartment? Well, there’s now a good chance you have to be a millionaire. Also, my twitter handle is below. DM me, we should get drinks or something.
Manhattan real estate prices soared again this year, with the median price for an apartment above $1 million for the first time ever. According to CityRealty’s Year End Manhattan Market Report—which covers closings through November 30—the median apartment sales price was $1.1 million this year, up from $970,000 last year.
The average apartment sales price was a cool $1.9 million with the average condo price per square foot sitting pretty at $1,732. Why buy a MacBook Pro when you could have a square foot of floor? You definitely won't use floor to send a drunk email to your ex.
Other jaw-dropping records set this year? The average co-op sales price was $1.4 million, the median condo sales price was $1.6 million and the most expensive co-op went for a cool $77.5 million.
You can find more statistics on the way-too-real real estate year that was in CityRealty’s Year-End Report.