Manhattan NY Greenwich Village condo sale market report
We are now in the warm Spring season in New York and as Manhattan condo specialists, we are seeing high peak levels of volume activity.
Well priced Greenwich Village condo are selling in a very
short time frame, some within a week coming on the market, some as quick as one open house or showing. Greenwich Village condos for sale are some of the most desired types of apartments in all of Manhattan.
Pricing in the Spring of 2012 for a Greenwich Village Apartments for sale in New York City:
- Studio's-Range from $550,000-$800,000
- One Bedroom's-Range from $850,000-$1,500,000
- Two Bedroom's- Range from $1,350,000 - $3,000,000
- Three Bedroom-$2,500,000 and up
- Penthouse Condominiums for sale in Greenwich Village - call us at (917) 837 8869
There are two aspects influencing the Greenwich Village New York Real Estate market specifically the condominium market:
1. Low supply of condo housing inventory in Greenwich village- Very few new condominium development are built in the neighborhood and those that do are typically not high rise buildings. Recent project at 130 west 12th Street sold out very fast, it was a very successful building. Mainly re-sale condominiums are what comes available and those when priced well are selling at a fast pace.
2. Location close proximity to School and Universities-Within the Greenwich Village area there are several universities including the ever present NYU and Stern Business School, Parsons and the near by Cooper Union and School of Visual Arts or SVA. The close distance to multiple universities brings with it a demand for housing. We work with many parents who decide to purchase condo units while their children go to school and start working while in New York City. Purchasing condominiums in the area as an investment unit is highly sought after because the built in demand and high rental prices are very advantageous for landlords.
If you are interested to know about specific price ranges for a certain style or size of Greenwich Village condo for sale, call us today at (917) 837-8869 or Morgan.Evans@elliman.com
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