Castle Avenue Partners
Manhattan, New York Properties
Copyright 2011 Castle Avenue Partners @ Rutenberg Realty
127 E 56 ST, 4TH FL, NEW YORK, NY 10022 USA212.682.8494hello@castle-avenue.com
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New York Flat Trends: 
Average Price Per Square Foot, Median Price, Transaction Volume
New York property average price per square foot rose from $328 in 1997 to $1,117 in 2011.  This translates to an annual appreciation rate of 9.2%. 

New York property median price increased from $239,000 in 1997 to $855,000 in 2011, or about 9.5 percent per year.
New York flat property transactions peaked in 2007 at 13,430 and bottomed to 7,430 in 2009.