Buying a home in Manhattan, the downtown area of one of the most famous cities in the world, means access to iconic buildings, architectural landmarks, businesses, parks (including the famous Central Park) and unlimited investment opportunities.
However, before you start looking for a house in New York, it is important to understand that in this city, especially in its central area, the real estate market is extremely competitive. This means that the most attractive properties here are sold out in a matter of days. To buy a house in Manhattan and make the right choice, it is worth contacting an experienced real estate specialist who will help you find the most profitable option and buy it quickly and safely.
Villas for sale in Manhattan, New York, the USA
Despite the economic impact of the pandemic, in February 2022, the average home price in Manhattan was $1.4 million, which is 12% more year-on-year. This is 91.2% more expensive than in other New York's boroughs and 97.9% of boroughs in USA. The average selling price of a house was $1.3 million.
Keep in mind that co-ops that are collectively owned by residents made up over 70% in 2021, while the rest of the housing stock tends to be made up of condominiums and townhouses.
If you are planning to buy a house or buy a villa in Manhattan, make sure that the property you choose is close to subway stations and other public transport stops. Even if you plan to buy an apartment in New York for rent, this will be one of the significant advantages in favor of your option, hence the demand will be higher.
Villas prices in Manhattan
Due to the limited supply of homes on the market, the cost can be overwhelming. Here are some examples of properties available on the market:
- a 6-bedroom and 9-bathroom home with approximately 8,000 square feet of indoor space and nearly 1,500 square feet of private outdoor space costs $ 17,500,000;
- a house with 6 bedrooms and 8 bathrooms, an area of 8,757 square feet (813 square meters) has a price tag of $ 24,995,000.
Lifestyle in Manhattan
Manhattan is an amazing place that is always full of life. It has the highest concentration of attractions in all of New York, with plenty of bars, restaurants, shops and entertainment facilities. Here everyone will find a hobby they like. You can go to a master class and learn how to cook real pasta, visit the Russian and Turkish baths, try the famous donuts, take a walk through Central Park and other places that you could often see on movie screens.
We will help you buy a house in Manhattan
The best apartments in new buildings in New York from developers and verified owners, as well as houses, villas and other real estate, you will find in our constantly updated property database. Our specialists are always ready to help you choose a property matching your requirements and goals and answer any questions.