The Manhattan real estate market continues to heat up while national home values is expected to bring a slowdown of appreciation to much more sustainable levels this year. Sales of Manhattan apartments have hit a fourth-quarter record, with wealthy international buyers competing with New Yorkers to get a foot in the door as prices soar.
The latest StreetEasy Manhattan Market Report shows Manhattan condo prices reached an all-time high in Q4 2013. This surge in condo prices in Manhattan has been driven by a fourth quarter spike in sales at new, high-end condo buildings that have brought more inventories onto the market.
144 Duane St.—sold for $43 million
18 Gramercy Park South—sold for $42 million
21 Beekman Place—sold for $34.4 million
41 East 70th St.—sold for $32 million
607 Hudson St., Apt. 9—sold for $29.8 million
15 Central Park West, 33D—sold for $29 million
12 East 76th St.—sold for $27 million
45 East 74th St.—sold for $26 million
15 Central Park West, 7C—sold for $25 million
When it comes to maximizing the value of your NYC real estate value Manhattan Boutique Real Estate can help you address your fundamental needs from a simple to a more complicated one through its value-added network by making connections to expert accountants, attorneys, bankers, contractors, architects, school consultants, and more. Like Manhattan Boutique Real Estate on Facebook to get daily updates.
Credits to cnbc.com