According to New York City records, the median price for an apartment in Manhattan in the month of June was $1,184,694. This price represents a 25.4% increase from last year’s median price of $944,000. Not surprisingly, the number of sales increased dramatically, almost 75%, climbing from 754 to 1,317. So, what exactly does $1.184 million get you in Manhattan today? Let’s take a look. Search no further than the Park Loggia at ...
Read MoreAccording to New York City records, the median price for an apartment in Brooklyn in the month of June was $795,000. This price represents an 21.9% increase from last year’s median price of $651,680. Not surprisingly, due to the pandemic, the number of sales climbed dramatically from 363 to 670, an increase of 84.5%. What does $795K get you in the borough of Brooklyn? Let’s have a look. Apartment 5-F at The ...
Read MoreAccording to New York City records the median price in May for an apartment in Manhattan was a shade over $1.115 million. That’s 13.9% percent higher than last year's median price of $960,000. At the same time, the number of apartments sold dramatically increased from 571 to 1,128, a year-over-year increase of 97.5%. Yes, these numbers are skewed due to the pandemic. So what does $1.115 million get you in Manhattan? ...
Read MoreAccording to New York City records, the median price for an apartment in Brooklyn during the month of May was $840,000. This price represents a 9.4% increase from last year's median price of $767,500. So, what does $840K get you in Brooklyn at this time? Let’s take a look. Well, we can tell you it gets you a studio in Brooklyn Heights, but that tidbit alone will only raise eyebrows. This is ...
Read MoreNew York City records show the median price in the month of April for an apartment in Brooklyn was $753,003. This price represents a significant uptick in the median price, just over 10% from last year’s median price of $682,228. The volume of sales year-over-year jumped considerably from 269 to 488 an increase of 81% So, what does $753,003 get you in the borough of Brooklyn? Today we’ll take a look ...
Read More