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What you can get for your money in each Manhattan neighborhood

By
Real Estate Agent with Prudential Douglas Elliman

The rules here are very different than any other place. Therefore, do your homework, and find the right broker for you are very important. Our job is to help you to determine which of the apartment and neighborhood is suitable for you, and to guild you, to assist you regards the property price in order to select the best match for your real estate needs and budget.

 

1)   Upper Westside

There is varying architecture at upper west side. There are brownstones and townhouse line up Broadway and doorman buildings along the West End Avenue. The riverside Drive buildings are homes have beautiful Hudson River view. The landmarks on the Central Park West are: the Beresford, the San Remo, the Majestic, etc. There are stones and shops along Broadway.   

The average price for condo here is $1,034 per square foot. The co-op price is about 20% lower. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

 

2)   Upper Eastside

Upper eastside, of course billionaire Mayer Michael Bloomberg’s Gold Coast townhouse also located at there. Beyond that, the neighborhood is just steps from Central Park. There are many fine museums and shops over there. It is a very nice neighborhood to live.

The average price for condo here is $989 per square foot. The co-op price is about 20% lower. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

 

3)   Midtown

At west side midtown, the new developers moved in which has built some luxury condos and rentals. The prices at those new buildings are reasonable than further uptown. The former Hell’s Kitchen today referred as the community of Clinton. But that didn’t mean you can find a bargain price everywhere. There are plenty of the properties priced in the millions, such as east toward the Empire State Building and north toward to Time Square.

There is a neighborhood called Murray Hill at east midtown. Today it has drawn new residents to the area. There are max living options, condos, co-ops, brownstones, towers and well-maintained apartment buildings.

The source report on 8/31/2010 shows that bigger increase in Midtown for condo. The average price for condo here is $1,066 per square foot from low $900 per Sq Ft. The co-op price is about 20% lower. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

 

4)   Chelsea

Chelsea is located at below West 34th Street to West 14th Street, and between from Avenue of Americas to West Hudson River. It is a place where the New York’s gallery district neighborhood and fashion-design central. East of Ninth Avenue, there were warehouses; today are the stunning landmark of townhouses, pre-war co-op and new rental buildings. The price per square foot at further uptown in the west 30th are more bang for your buck. 7th Avenue also called Fashion Avenue, where the FIT College located and where you can see the beautiful garments loaded, unloaded. Also Macy’s located at 34th Street and 7th Ave, where the shoppers can get bargains from. The Empire State Building, Madison Square Garden and Penn Station

The price of the co-op at Chelsea for studios for maintains/cc under $600, and Sq Ft around 400, you could find the price as low as $320,000 on today’s market.  The average price for condo here is $1,149 per square foot. The co-op price is about 20% lower. Also is depending on location, apartment and building condition, size and building amenities, etc.

 

5)   Greenwich Village

Greenwich Village always attracts many young adults. From NYU to Washington Square Park, from crowded cafes to noisy bar, you can see young everywhere. There are always colorful cultured out there.

The average price for condo here is $1,149 per square foot. The co-op price is about 20% lower. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

 

6)   Soho

Soho is south of Houston street to vestry street and the Hudson River to Broadway. It is a fashionable neighborhood. You can find store like Banana Republic, H&M, Zara and Club Monaco and more. Also it is the place you can find voguish boutiques, swanky restaurants, high-end spa, etc. The buildings there are the warehouse into large working or living loft. One thing for sure, since 1960s the when the artists have changed the buildings to housing-lofts, the chic luxury living condition, the Soho is more desirable now than even before.

The average price for condo here is $1,205 per square foot. The co-op price is about 20% lower. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

 

7)   Lower East Side

When we talk about Lower East Side, it is Houston Street to Brooklyn Bridge, Bowery to the East River. Once the world’s largest Jewish community, now become many delicious food and shoppers bargain place which you can get great price there.

South of Delaney, large coops and a few condos do exist. Also there are some renovated pre-war walk-ups buildings. On the northern side, there is still an area attract many renters. Developers and real estate investors have realized its potential already, meaning million dollars properties aren’t far behind. The average price for condo here is $1,120 per square foot. The co-op price is about 20% lower. The price per square foot is depending on location, apartment and building condition, size and building amenities, etc.

 

 

 

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Diana Wu  黛安娜吳

Email:   diana.wu@elliman.com

 

I used to work with the Award Winning Sales group, The Voda Group from Douglas Elliman, and now I am another Award Winning Sales group, The Chang Group also at Douglas Elliman. I fluent in both English and Chinese, works in Manhattan, Queens and Long Island Real Estate. I am confident that the value of service and skill we deliver is unparalleled. We pride ourselves as specialists in New York real estate. If you want to buy, sell or lease your home, please contact me at 212-769-9811. We can discuss your specific Real Estate needs. Thank you!

 

To read more about Manhattan real estate, please click the following link:

-       What You Can Get For Your Money – the Neighborhoods of Manhattan

-       5 Tips for Purchase Real Estate in Manhattan