Metro Living Solutions

Real Estate News

Manhattan Apartment Prices Hit Record High

According the New York Times and Miller Samuel, a well known Real Estate appraisal firm, Manhattan apartment prices were up 33.5% the first quarter of this year as compared to last year at the same time.

At 15 Central Park West a 5,870 sq. ft. home recently sold for $23 million dollars.

Every single indicator that we tracked showed a gain,” said Jonathan Miller, the executive vice president and director of research of Radar Logic, who prepared the data for Prudential Douglas Elliman.

The record prices can be credited largely to Manhattan’s wealthiest buyers. The number of apartments that sold for more than $10 million tripled in the past year, according to data tracked by two other brokerages, Brown Harris Stevens and Halstead Property.

Mr. Miller said that he had not seen the luxury market drive Manhattan real estate prices so profoundly since 2000, when buyers poured wealth from the dot-com boom into high-end apartments.

Metro Living Solutions Tours

Metro Living

In 2007, the average sales price of a Manhattan apartment was $1,981.892. At $1,416 per square foot, this puts the average 2 Bed of 1200 sq. ft at about $1.7M. The most important question on every New Yorker's mind today is housing. Generally, it is a long and difficult path to finding an affordable apartment within your price range and with all if not most of the conveniences you desire; unless you have upwards of $2M.

We at Metro Living Solutions realize that most New Yorkers do not have the resources to afford such expensive properties yet they want to enjoy all New York City has to offer. So to assist you in your search Metro Living Solutions (MLS) has researched and organized listings of affordable property tours for you.

Explore Brooklyn, Queens, Upper Manhattan and New Jersey from the comfort of our air conditioned vans. This is your ticket to affordable property ownership within the boroughs and New Jersey's Gold Coast along the west bank of the Hudson River!

Metro Living Solutions

Affordable New York

Seeking a well priced starter home, 2 bedroom apartment $500-700K? 3 bedroom family condo under $1M? We were too! Our search made us realize just how difficult it is for the "non-millionaire" to find affordable housing in a timely fashion within minutes of mid-town Manhattan. So a group of professional realtors got together, researched and created a long list of great choices within minutes of midtown Manhattan.

Upper Manhattan offers great choices in affordable homes. In Harlem, you will find luxury high rise condos available at prices from $600 per square foot. In Hudson County, New Jersey within two Path stops to downtown Manhattan, elegant, large luxury 2 bed condos are available for 400K.

In recent years Park Slope Brooklyn had been the bastion for middle-class families, hipsters and generally cool people. Soon, it too became too expensive so affordable areas of Williamsburg, Bed-Stuy and Prospect Heights began seeing a Real Estate explosion for families and working professionals. With this surge came the development of services and amenities that help make a neighborhood convenient and wonderful restaurants, supermarkets, boutiques, neighbor-owned shops and services.

Come see all that these wonderful long established enclaves have to offer. Join us dowtown and let us do the driving. No trudging around in the cold, rain or heat, no maps, no fees you will arrive in comfort with access to all the information you need at your fingertips.

And during your ride, feel free to enjoy a chilled glass of Chardonnay

Get on the van today!

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Comfortable No Fee Tours to Brooklyn, Queens, Upper Manhattan and the Jersey Gold Coast!