Skip Navigation

Manhattan avg. price-per-square-foot below $1,000/sf

Started by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
Didn't have time to dig into the reports yet... but here is a milestone... http://curbed.com/archives/2009/10/02/market_reports_manhattan_free_fall_may_be_over.php#more "average Manhattan price-per-square-foot has dropped below $1,000/sf"
Response by NYRENewbie
over 16 years ago
Posts: 591
Member since: Mar 2008

Does anyone know what the average price per square foot is on a one bedroom in a coop vs a condo in Chelsea?

Ignored comment. Unhide
Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

FWIW, one-bedroom asking prices in Chelsea, per SE:

Condos: Median price: $1,225,000 Median size: 973 ft² Median price per ft²: $1,238

Co-ops: Median price: $675,000 Median size: 770 ft² Median price per ft²: $916

Ignored comment. Unhide
Response by NYRENewbie
over 16 years ago
Posts: 591
Member since: Mar 2008

Thanks NWT!

Ignored comment. Unhide
Response by NWT
over 16 years ago
Posts: 6643
Member since: Sep 2008

But note the condo medians are very much skewed upwards by 100 Eleventh Ave. Really need to dump to a spreadsheet and weed out outliers, etc.

Ignored comment. Unhide
Response by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008

The nice thing about a median is that a big outlier only counts as much as a small outlier.

Of course, if half of the sample is from one building, that could skew...

Ignored comment. Unhide

Add Your Comment