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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Residential Property

New York (Manhattan) Q4 2011 Condo :

Median price                         $1.16m (+16.7% YOY)

Avg price per SF                  $1,295 (+8.1%)

Transactions                          1,015 (-8.5%)

Days on market                     143 (+8.3%)


Residential Rents Q4 2011:

Average Rent                         $3,635 (+7.6% YOY)

Rent per SF       $51.77 (+ 9.1%)


Luxury property:
The luxury property market, defined by Miller Samuel as the top 10 percent of sales.

Median price                         $4.15 million (-4.6% YOY)

Avg price per SF                   $2,166 (+3.1%)

Transactions                          201 (-12.6%)

Days on market                     186 (+31%)


Data Source:  Miller Samuel Manhattan Q4 2011 Market Report

New York Property Report Q4 2011