Features

15 Central Park West, PH41 via Douglas Elliman

From Future New York NYC's top 10 most expensive neighborhoods; See their trophy apartments and most attainable listings inside

By CityRealty Staff Friday, May 15, 2020

Between the COVID-19 pandemic, the economic fallout of the efforts to contain it, and historically low interest rates, it is hard to say what effect this will have on the New York real estate market. On the one hand, rumblings of a recession and the cancellation of traditional showings may deter some from making big-ticket purchases. At the same time, virtual and video showings are getting more elaborate and personalized every day, some buyers see New York real estate as a safer investment than some banks, and still others are eager to lock in said interest rates.

According to CityRealty's Q1 Residential Market Report, Manhattan sales prices have dipped 10% when compared year-over-year to Q1 2019. While we can't say what the future holds, we can say with certainty which neighborhoods were the most expensive of the first quarter of 2020. With the quarter ending at the end of March, the full effects of the citywide shut down beginning on March 15 are not apparent. All figures reflect condo sales closed in the first quarter of 2020, and the list is ranked by price per square foot (PPSF). The PPSF, total number of condo transactions in the quarter, and the average condo price figures are compared year-over-year to the first quarter of 2019.

The stats below are coupled with each neighborhood's premier condo listing along with its most affordable condo listing. We wanted to show that there are attainable and attractive homes to be found even in the most expensive parts of New York City. The listings are paired with local scenes we look forward to enjoying again.

1) Gold Coast, Upper East Side | Avg. Condo PPSF: $3,058 (-32%)

5 sales (-58%) | Avg. Price: $13M (-20%)

↓ Whitney Condos, 33 East 74th Street, TH – $41M ($4,064 per ft²)

Townhouse-Condo | 5 Bed, 5 Bath | 10,088 ft²

Whitney Condos, 33 East 74th Street, TH (via Douglas Elliman)

↓ Gallery Apartments, 32 East 76th Street, #1103 – $1.3M ($1,524 per ft²)

Condo | 1 Bed, 2 Bath | 850 ft²

Gallery Apartments via The Corcoran Group

2) Nolita/Little Italy | Avg. condo PPSF: $2,460 (+50%)

21 sales (+163%) | Avg. price: $3.1M (-5%)

(CityRealty)

↓ The Puck Penthouses, 293 Lafayette Street, #PH1 – $42.5M ($5,869 per ft²)

Condo | 5 Bed, 7.5 Bath | 7,241 ft²

The Modlin Group

↓ 200 Bowery, #2D – $1.05M

Condo | 2 Bed, 1 Bath

200 Bowery via Compass

3) West Village | Avg. condo PPSF: $2,418 (-2%)

17 sales (+42%) | Avg. price: $5.7M (-1%)

↓ 165 Charles Street, #Triplex – $53M ($5,517 per ft²)

Condo | 6 Bed, 6.5 Bath | 9,607 ft²

165 Charles Street, #TRIPLEX (Brown Harris Stevens)

↓ 3 Weehawken Street, #2B – $799K

Condo | 1 Bed, 1 Bath

3 Weehawken Street via Compass

4) Greenwich Village | Avg. condo PPSF: $2,402 (+14%)

20 sales (+18%) | Avg. price: $4.4M (+42%)

↓ 37 East 12th Street, #PH – $22.65M ($3,581 per ft²)

Condo | 4 Bed, 4.5 Bath | 6,325 ft²

37 East 12th Street, #PH (Compass)

↓ Morton Square, 1 Morton Square, #3BW – $2.75M ($2,037 per ft²)

Condo | 2 Bed, 2.5 Bath | 1,350 ft²

Morton Square via Compass

5) Lincoln Center | Avg. condo PPSF: $2,320 (+20%)

45 sales (+181%) | Avg. price: $2.5M (+41%)

↓ The Grand Millennium, 1965 Broadway, #PH2B – $11.9M ($3,207 per ft²)

Condo | 4 Bed, 5 Bath | 3,711 ft²

The Grand Millennium, #PH2B (Corcoran)

↓ 10 West End Avenue, #8C – $1.08M ($1,350 per ft²)

Condo | 1 Bed, 1 Bath | 800 ft²

10 West End Avenue via The Corcoran Group

6) Noho | Avg. condo PPSF: $2,218 (+61%)

3 sales (-40%) | Avg. price: $5.3M (+103%)

↓ The Carl Fischer Building, 62 Cooper Square, #PH52 – $9.99M ($2,219 per ft²)

Condo | 4 Bed, 3.5 Bath | 4,506 ft²

The Carl Fischer Building, #PH52 (Douglas Elliman)

↓ The Silk Building, 14 East 4th Street, #1119 – $2.2M ($1,829 per ft²)

Condo | 1 Bed, 2 Bath | 1,200 ft²

The Silk Building via Compass

7) Midtown West | Avg. condo ppsf: $2,203 (-7%)

124 sales (-16%) | Avg. price: $4.3M (-18%)

↓ 53W53, 53 West 53rd Street, #PH76 – $63.815M ($8,004 per ft²)

Condo | 4 Bed, 4 Bath | 7,973 ft²

53W53, 53 West 53rd Street, #PH76 (Corcoran)

↓ Worldwide Plaza, 393 West 49th Street, #5M – $545K ($1,465 per ft²)

Condo | Studio, 1 Bath | 372 ft²

Worldwide Plaza via The Corcoran Group

8) Soho | Avg. condo ppsf: $1,935 (-4%)

28 sales (+22%) | Avg. price: $2.6M (-49%)

↓ The Tulip Building, 419 Broome Street, #PH – $43.75M (-26.5%) ($3,207 per ft²)

Condo | 4 Bed, 6+ Bath | 8,000 ft²

↓ 77 Charlton Street, #S5E – $1.03M ($1,798 per ft²)

Condo | Studio, 1 Bath | 570 ft²

77 Charlton Street via Toll Brothers Real Estate

9) Riverside Drive/West End Avenue | Avg. condo PPSF: $1,933 (+7%)

60 sales (+15%) | Avg. price: $3M (-8%)

↓ One West End, 1 West End Avenue, #29B – $19.5M ($3,207 per ft²)

Condo | 4 Bed, 5.5 Bath | 5,302 ft²

One West End, #29B Cantor-Pecorella

↓ 200 Riverside Boulevard, #15J – $19.5M ($1,418 per ft²)

Condo | 1 Bed, 1 Bath | 663 ft²

200 Riverside Boulevard via Nest Seekers

10) Flatiron/Union Square | Avg. condo ppsf: $1,921 (-3%)

41 sales (-13%) | Avg. price: $3.6M (+33%)

↓ 240 Park Avenue South, #Penthouse – $30M ($3,711 per ft²)

Condo | 3 Bed, 4.5 Bath | 3,711 ft²

240 Park Avenue South, #Penthouse (Sotheby's)

↓ Zeckendorf Towers, 1 Irving Place, #V7B – $1.08M ($1,604 per ft²)

Condo | 1 Bed, 1 Bath | 670 ft²

Zeckendorf Towers via Compass

11) Central Park West | Avg. condo PPSF: $1,894 (-13%)

30 sales (+20%) | Avg. price: $3.3M (-16%)

↓ Time Warner Center, 25 Columbus Circle, #PH80 – $75M ($3,711 per ft²)

Condo | 5 Bed, 6+ Bath | 8,500 ft²

Time Warner Center, #PH80 (Corcoran)

↓ Towers on the Park I, 300 West 110th Street, #6H – $599K

Condo | 1 Bed, 1 Bath

Towers on the Park I via Keller Williams

12) Lower East Side | Avg. condo ppsf: $1,807 (-4%)

35 sales (-30%) | Avg. price: $1.6M (-9%)

↓ One Manhattan Square, 252 South Street, #77J – $7.855M ($3,347 per ft²)

Condo | 3 Bed, 3.5 Bath | 2,347 ft²

One Manhattan Square (Extell Development Company)

↓ 101 Allen Street, #5B – $525K

Condo | 1 Bed, 1 Bath

101 Allen Street via Compass

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