Wednesday, March 7, 2007
the uptown download: east
upper east & midtown east report (338 kb .pdf)
Upper East Side:This part of Manhattan contains some of the most valuable luxury real estate in the world. It includes the neighborhoods of Carnegie Hill, the boluevard blocks of Park Avenue, Fifth Avenue along Central Park, Yorkville, and the Mayor's official residence at Gracie Mansion (although Mr. Bloomberg chooses to live elsewhere on the Upper East Side). It contains a suprisingly varied patch-work of different types of NYC housing stock including highly coveted pre-war apartment houses, town homes, mid-century modern apartment houses, newly developed condominium skyscrapers and tenaments. Who knows what might happen if the Second Avenue Subway actually starts running someday. In 2006, average co-op prices increased +14%, and price per square foot increasing by +12%. Larger condominium properties were sold too, resulting in a median price jump of +25%, while average prices and price per square foot, remained virtually flat. Median price is the amount that most people pay for an apartment in any given category.
Midtown East & Murray Hill: These areas of uptown Manhattan continue to be some of the most reasonably priced homes below 96th Street, and feature great access to the mid-town business district, the United Nations, and excellent schools. 57th Street to 34th Street, co-ops and condos showed solid gains appreciating 5% & 8% respectively; and both rising 14% in price per square foot as well. One bedroom apartments were hot properties with a whopping 29% average price increase!
download the uptown east report
other recent reports:
the downtown report (324 kb .pdf)
the uptown west report (338 kb .pdf)
the brooklyn report (532 kb .pdf)
the corcoran report: forth quarter 2006 (1.1 mb .pdf)
the corcoran report: third quarter 2006 (3.9 mb .pdf)