Manhattan Luxury Flat Prices
Posted by Wei Min Tan on December 12, 2023
Manhattan, New York luxury flat prices generally range from $2,000 per sqft to $4,000 per sqft. Ultra luxury flats is defined as anything $4,000 and above, while non-luxury can be as low as $1,200 per sqft. The most recent Manhattan quarterly price data reported overall market average price per sqft at $2,074.
Price per sqft is a good way to differentiate building quality types because this removes the element of flat size. For example, a 3,000 sqft flat costing $4.5 million is less luxurious than a 2,000 sqft flat costing $4.5 million. The former is $1,500 per sqft while the latter is $2,250 per sqft.
The entire Manhattan flat inventory is public information and available to all. The best way to search available property listings in Manhattan is through Streeteasy.com.
Feel free to reach out to us to discuss how we may help as a Buyer’s Agent to advise you through the buy process. Our role is to help you identify the best investment based on local market demand, appreciation potential and long term returns.
Weimin’s article: How to Invest in Manhattan Property, Profit and Repeat
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We focus on global investors buying Manhattan condos for portfolio diversification and long term return-on-investment.
1) Identify the right buy based on objectives
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5) Market the property at the eventual sale
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