Brokers & Owners: Promote your listings & more!
Sign up
Contact Us
CityRealty Logo
 
 
 
 
 
 
A blog from CityRealty (Links below will take you to the 6sqft site)
 
 

Features

It's been a decade since the financial crisis of 2008, which officially lasted for 18 months between December 2007 to June 2009, and much has changed in the real estate world. While Downtown has been a popular destination since before the recession, it's grown exponentially - 6 out of the top 10 best performing neighborhoods come from there, including best performers NoLiTa/Little Italy, Flatiron/Union Square, and not surprisingly, Greenwich Village. See our list below to see the full list and their current availabilities.

2007-2008 Aggregate Closed Condo Average: 1,029/ft2 | 2017-2018 Aggregate Closied Condo Average: 1,991/ft2

NoLiTa/Little Italy

→ Current Condo Listings from $949,000

Median Listing PPSF: $2,366/ft2 | Median 1-Bed Listing Price: $1,475,000

Average PPSF from 2007
Aerial view of neighborhood

2007-2008: 1,297/ft2 | 2017-2018: 2,447/ft2

Flatiron/Union Square

→ Current Condo Listings from $545,000

Median Listing PPSF: $2,144/ft2 | Median 1-Bed Listing Price: $1,695,000

Average PPSF from 2007
Aerial view of Flatiron/Union Square

2007-2008: 1,360/ft2 | 2017-2018: 2,486/ft2

Greenwich Village

→ Current Condo Listings from $740,000

Median Listing PPSF: $2,289/ft2 | Median 1-Bed Listing Price: $1,545,000

Average PPSF from 2007
Aerial view of Greenwich Village

4. Tribeca (+78%)

2007-2008: 1,282/ft2 | 2017-2018: 2,286/ft2

Tribeca

→ Current Condo Listings from $949,000

Median Listing PPSF: $2,175/ft2 | Median 1-Bed Listing Price: $1,720,000

Average PPSF from 2007
Aerial view of Tribeca

2007-2008: 1,021/ft2 | 2017-2018: 1,812/ft2

Lower East Side

→ Current Condo Listings from $765,000

Median Listing PPSF: $1,996/ft2 | Median 1-Bed Listing Price: $1,445,000

Average PPSF from 2007
Aerial view of Lower East Side

2007-2008: 720/ft2 | 2017-2018: 1,268/ft2

Roosevelt Island

→ Current Condo Listings from $1,249,500

Median Listing PPSF: $1,293/ft2 | Median 1-Bed Listing Price: $994,500

Average PPSF from 2007
Aerial view of Roosevelt Island

2007-2008: 518/ft2 | 2017-2018: $866/ft2

Hamilton Heights

→ Current Condo Listings from $430,000

Median Listing PPSF: $818/ft2 | Median 1-Bed Listing Price: $537,000

Aerial view of Hamilton Heights

8. Harlem (+64%)

2007-2008: 647/ft2 | 2017-2018: 1,062/ft2

Harlem

→ Current Condo Listings from $395,000

Median Listing PPSF: $1,100/ ft2 | Median 1-Bed Listing Price: $680,000

Aerial view of Harlem

9. Midtown East (+62.5%)

2007-2008: 1,393/ft2 | 2017-2018: 2,264/ft2

Midtown East

→ Current Condo Listings from $589,000

Median Listing PPSF: $1,834/ ft2 | Median 1-Bed Listing Price: $1,822,500

Average PPSF from 2007
Aerial view of Midtown East

10. Chelsea (+61%)

2007-2008: 1,200/ft2 | 2017-2018: 1,927/ft2

Chelsea

→ Current Condo Listings from $699,000

Median Listing PPSF: $2,023/ ft2 | Median 1-Bed Listing Price: $1,595,000

Average PPSF from 2007
Aerial view of Chelsea

Best Performing Neighborhoods Since the Recession

Full Neighborhood Breakdown:

Neighborhood2007-2008 Avg PPSF2007-2008 Number of Sales2017-2018 Avg PPSF2017-2018 Number of SalesPPSF Change
NoLiTa/Little Italy$1,02892$1,9915393.64%
Flatiron/Union Square$1,291623$2,44730089.48%
Greenwich Village$1,360357$2,48617682.75%
Tribeca$1,282754$2,28666378.26%
Lower East Side$1,021134$1,81219477.52%
Roosevelt Island$75077$1,268969.2%
Hamilton Heights$518134$8667767.07%
Harlem$647860$1,06240764.3%
Midtown East$1,393506$2,26434362.55%
Chelsea$1,200914$1,92756160.64%
West Village$1,625164$2,60322560.12%
Broadway Corridor$1,111590$1,75638958.07%
Financial District$1,0171369$1,56161853.47%
Yorkville$1,045594$1,57055650.28%
East Village$1,219295$1,78622846.57%
Gramercy Park$1,258317$1,78224041.59%
Neighborhood2007-2008 Avg PPSF2007-2008 Number of Sales2017-2018 Avg PPSF2017-2018 Number of SalesPPSF Change
SoHo$1,549263$2,19221341.49%
Lincoln Center$1,320680$1,86638841.36%
Washington Heights$51040$7156940.14%
East Harlem$742189$1,03416239.34%
Turtle Bay/United Nations$1,100394$1,50223336.62%
Riverside Dr./West End Ave.$1,158840$1,58132136.51%
Battery Park City$1,017348$1,37729835.38%
Carnegie Hill$1,366302$1,84818635.29%
NoHo$1,85165$2,3593627.43%
Murray Hill$1,0971048$1,38853126.53%
Inwood$46214$5651222.38%
Lenox Hill$1,331672$1,60351320.41%
Midtown West$1,4702110$1,75198619.15%
Morningside Heights$97129$1,1391617.31%
Beekman/Sutton Place$1,13769$1,3295416.91%
Park/Fifth Ave. to 79th St.$2,161106$2,4419012.97%
Central Park West$2,006657$1,980309-1.3%
Enjoyed this Article? Like CityRealty on Facebook and follow @CityRealty on Instagram. You can also tweet us at @CityRealtyNY.
Content Specialist Sandra Herrera Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
Surround Yourself With Everything You Love at Jackson Park. View Property
Advertisement
Expansive NYC and Hudson River views with amazing amenities, nestled between Chelsea and Theater District View Property
{"version":"1.2.0","filters":{"registrationUserType":{"options":[{"label":"Buy","value":"buy","active":false},{"label":"Rent","value":"rent","active":false},{"label":"Sell","value":"ipo","active":false},{"label":"Agent","value":"broker","active":false}],"type":"select","name":"user type"},"registrationBedrooms":{"options":[{"label":"Studio","value":0,"active":false},{"label":"1 Bed","value":1,"active":false},{"label":"2 Beds","value":2,"active":false},{"label":"3 Beds","value":3,"active":false},{"label":"4 Beds","value":4,"active":false},{"label":"5+ Beds","value":10,"active":false}],"type":"select","name":"bedrooms"},"saleBuildingType":{"options":[{"label":"Condo","value":"condo","active":false},{"label":"Co-op","value":"coop","active":false},{"label":"Condop","value":"condo-coop","active":false},{"label":"Townhouse","value":"townhouse","active":false}],"type":"select","name":"building type"},"rentalBuildingType":{"options":[{"label":"Condo","value":"condo","active":false},{"label":"Co-op","value":"coop","active":false},{"label":"Condop","value":"condo-coop","active":false},{"label":"Rental","value":"rental","active":false}],"type":"select","name":"building type"},"registrationBuyersBudgets":{"options":[{"label":"<span class='up-to'>up to <\/span>$500K","value":500000,"active":false},{"label":"<span class='up-to'>up to <\/span>$750K","value":750000,"active":false},{"label":"<span class='up-to'>up to <\/span>$1.5M","value":1500000,"active":false},{"label":"<span class='up-to'>up to <\/span>$2.5M","value":2500000,"active":false},{"label":"<span class='up-to'>up to <\/span>$5M","value":5000000,"active":false},{"label":"<span class='up-to'>up to <\/span>$10M","value":10000000,"active":false},{"label":"<span class='up-to'>up to <\/span>$25M","value":25000000,"active":false},{"label":"no limit","value":50000000,"active":false}],"type":"select","name":"budget_buyer"},"registrationRentersBudgets":{"options":[{"label":"up to $2,000","value":2000,"active":false},{"label":"up to $4,000","value":4000,"active":false},{"label":"up to $6,000","value":6000,"active":false},{"label":"up to $8,000","value":8000,"active":false},{"label":"up to $10,000","value":10000,"active":false},{"label":"up to $25,000","value":25000,"active":false}],"type":"select","name":"budget_renter"},"registrationRegions":{"options":[{"id":1,"label":"Upper East Side","value":[3,4,8,9,34],"image":"https:\/\/ds3.cityrealty.com\/img\/f009c2ec3c97347fa5bd6ae37c0d85a2289faf1e+w+h+0+60\/upper-east-side.jpg"},{"id":2,"label":"Upper West Side","value":[10,11,14,16,17],"image":"https:\/\/ds2.cityrealty.com\/img\/df0e47bbc38552ece1dc102b411619fb4f509bee+w+h+0+60\/upper-west-side.jpg"},{"id":11,"label":"Midtown","value":[1,5,6,7,15],"image":"https:\/\/ds4.cityrealty.com\/img\/bbc6bccd6c96cd025f40fe9a3e210124a742dd42+w+h+0+60\/midtown.jpg"},{"id":3,"label":"Downtown","value":[21,23,24,25,26,28,30,31,32,33,39,40],"image":"https:\/\/ds3.cityrealty.com\/img\/77835ac8b10f7437f468f16073e8455b2697b1f7+w+h+0+60\/downtown.jpg"},{"id":13,"label":"Financial District\/BPC","value":[20,27],"image":"https:\/\/ds1.cityrealty.com\/img\/46d1cec3cdffe39d15e40a0d0d03e8bbe4998fab+w+h+0+60\/financial-district-bpc.jpg"},{"id":12,"label":"Upper Manhattan","value":[13,19,36,42,101],"image":"https:\/\/ds3.cityrealty.com\/img\/3dfca010ace6cb0aca5091064cc830dbfee70b2f+w+h+0+60\/upper-manhattan.jpg"},{"id":4,"label":"Brooklyn","value":[201,204,206,207,209,210,211,213,215,219,223,231,232,233,237,238,1200,1415,1421,1565],"image":"https:\/\/ds3.cityrealty.com\/img\/e863ea530699d71fdd61e1887f27c0dd50dc28be+w+h+0+60\/brooklyn.jpg"},{"id":5,"label":"Queens","value":[1483],"image":"https:\/\/ds3.cityrealty.com\/img\/a402bb6e13af8ade973b6c8a5812df054c75cf1b+w+h+0+60\/queens.jpg"},{"id":18,"label":"Bronx","value":[406],"image":"https:\/\/ds2.cityrealty.com\/img\/19a9137cad718b7872ff1a420c0f72128ac03fea+w+h+0+60\/bronx.jpg"}],"open":false,"name":"Regions"}},"invitedUserInfo":null}