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Manhattan co-op prices have risen 27% in the past decade; Top 10 list shows uptown neighborhoods see largest increases

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Harlem (CityRealty)

Harlem (CityRealty)

From Great Listings Manhattan co-op prices have risen 27% in the past decade; Top 10 list shows uptown neighborhoods see largest increases

By CityRealty Staff Thursday, December 19, 2019

Clawing the way out of a recession would be a tough way to start any decade, but New York is nothing if not resilient. That is especially true of the co-op market: CityRealty data shows that over the past ten years, the average co-op price throughout the city has made an impressive climb from $971K to $1.377 million, or an increase of 27%. A total of 5,530 sales is projected for this year.

Downtown neighborhoods remain as hot as ever, but Upper Manhattan makes an impressive showing as well. As we take a look at the neighborhoods that saw the most dramatic price leaps by percentage, we also peek at apartments at the average price and other prime examples of local listings at varying price ranges.

1) Nolita/Little Italy

Average co-op price: $4.33M (+113%)

Nolita

↓ 237 Lafayette Street, #4 – $5,200,000

5 beds, 3 baths | 4,500 ft²

237-Lafayette-Street-1

All images of 237 Lafayette Street via Compass

↓ 243 Mulberry Street, #3L – $899,000

↓ The Police Building, 240 Centre Street, #PENTHOUSE – $14,900,000

4 beds, 4.5 baths | 5,500 ft²

243-Mulberry-Street-1

243 Mulberry Street via The Corcoran Group

240-Centre-Street-1

The Police Building via The Modlin Group

2) Tribeca

Average co-op price: $3.01M (+97%)

Tribeca (CityRealty)

↓ 177 Duane Street, #4E – $3,000,000

3 beds, 1.5 baths

177-Duane-Street-1

177 Duane Street via Halstead

↓ The Powell Building, 105 Hudson Street, #PH11S – $6,750,000

4 beds, 3.5 baths | 3,000 ft²

↓ 10 Leonard Street, #4N – $2,900,000

2 beds, 2 baths

105-Hudson-Street-1

The Powell Building via R New York

10-Leonard-Street-1

10 Leonard Street via Compass

3) East Harlem

Average co-op price: $561K (+88%)

East Harlem

East Harlem

↓ 2084 Madison Avenue, #2A – $596,000

3 beds, 2 baths

2084-Madison-Avenue-1

2084 Madison Avenue via Compass

↓ 1270 Fifth Avenue, #2F – $635,000

↓ Madison Plaza, 1825 Madison Avenue, #4G – $650,000

2 beds, 2 baths | 900 ft²

1270-Fifth-Avenue-1

1270 Fifth Avenue via Spire Realty

1825-Madison-Avenue-1

Madison Plaza via Douglas Elliman

4) Harlem

Average co-op price: $450K (+68%)

Harlem

(CityRealty)

↓ The Lenox Court, 100 West 141st Street, #74 – $465,000

3 beds, 1 bath | 990 ft²

100-West-141st-Street-1

Lenox Court via Kurland Realty

↓ 133 West 131st Street, #TH – $2,845,000

5 beds, 4.5 baths

↓ Harriet Tubman Gardens, 2235 Frederick Douglass Boulevard, #2F – $695,000

2 beds, 1.5 baths

133-West-131st-Street-1

133 West 131st Street via Compass

2235-Frederick-Douglass-Boulevard-1

Harriet Tubman Gardens via Compass

5) Soho

Average co-op price: $2.02M (+67%)

↓ 117 Prince Street, #4ER – $1,995,000

117-Prince-Street-1

117 Prince Street via Compass

↓ 143 Sullivan Street, #G2 – $525,000

↓ 64 Grand Street, #PH – $3,995,000

3 beds, 3 baths | 3,000 ft²

143-Sullivan-Street-1

143 Sullivan Street via Compass

64-Grand-Street-1

64 Grand Street via Douglas Elliman

6) Washington Heights

Average co-op price: $652K (+67%)

Washington-Hudson Heights (CityRealty)

↓ 720 Fort Washington Avenue, #4R – $649,000

720-Fort-Washington-Avenue-1

720 Fort Washington Avenue via Compass

↓ The River Arts, 15900 Riverside Drive West, #3E – $1,250,000

2 beds, 2 baths | 1,385 ft²

↓ 96 Arden Street, #1E – $349,000

15900-Riverside-Drive-West-1

The River Arts via The Corcoran Group

96-Arden-Street-1

96 Arden Street via Bizzarro Agency

7) Gramercy

Average co-op price: $1.05M (+64%)

Gramercy (CityRealty)

↓ The Goelet, 105 East 19th Street, #1D – $1,100,000

2 beds, 1.5 baths | 1,200 ft²

105-East-19th-Street-1

The Goelet via Buchbinder & Warren

↓ 61 Lexington Avenue, #6F – $850,000

↓ Gramercy Park Hotel, 50 Gramercy Park North, #12B – $4,199,000

3 beds, 3 baths | 2,032 ft²

61-Lexington-Avenue-1

61 Lexington Avenue via Compass

50-Gramercy-Park-North-1

Gramercy Park Hotel via The Corcoran Group

8) Hamilton Heights

Average co-op price: $425K (+60%)

Hamilton Heights

↓ 655 Riverside Drive, #4B – $435,000

655-Riverside-Drive-1

655 Riverside Drive via Keller Williams

↓ 345 West 145th Street, #B2/B3 – $995,000

2 beds, 2 baths

↓ 501 West 138th Street, #5 – $645,000

2 beds, 2 baths

345-West-145th-Street-1

345 West 145th Street via Compass

501-West-138th-Street-1

501 West 138th Street via Halstead

9) Lower East Side

Average co-op price: $806K (+55%)

Lower East Side (RIP Sunshine Theater)

↓ East River Coop, 473 FDR Drive, #M1605 – $799,000

2 beds, 1 bath | 1,905 ft²

473-FDR-Drive-1

East River Coop via Loho Realty

↓ Hillman Coop, 530 Grand Street, #E10G – $639,000

↓ 118 Suffolk Street, #5B – $950,000

530-Grand-Street-1

Hillman Coop via Halstead

118-Suffolk-Street-1

118 Suffolk Street via Halstead

10) Morningside Heights

Average co-op price: $837K (+51%)

Morningside Heights

↓ Cliff Haven, 417 Riverside Drive, #7C – $849,000

417-Riverside-Drive-1

Cliff Haven via The Corcoran Group

↓ The Hendrik Hudson, 380 Riverside Drive, #8MN – $1,875,000

3 beds, 2 baths

↓ 501 West 123rd Street, #3H – $539,000

380-Riverside-Drive-1

The Hendrik Hudson via Douglas Elliman

501-West-123rd-Street-1

501 West 123rd Street via Bond NY

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