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Explore Manhattan Neighborhood in New York City

Real Estate New Developments

General Information


Manhattan, often referred to as "The City" or "The Big Apple," is one of the five boroughs of New York City and serves as the economic, cultural, and political heart of both the city and the United States. Known for its iconic skyline, world-class museums, Broadway theaters, and bustling streets, Manhattan is a global hub for business, finance, entertainment, and art. The borough is home to several famous neighborhoods, including Times Square, SoHo, Tribeca, the Financial District, and the Upper East and West Sides. Manhattan is a densely populated and highly urbanized area, with a population that spans the globe, representing a vast array of cultures, languages, and lifestyles. It is also known for its transportation networks, including the iconic New York City subway system, which connects residents and visitors to all parts of the borough and beyond.

Real Estate Information

Manhattan’s real estate market is among the most competitive and expensive in the world, with a range of properties that cater to all tastes and budgets—though prices generally skew high. The borough is known for its luxurious condos, historic brownstones, modern high-rises, and classic pre-war buildings. Residential real estate in Manhattan is highly coveted, with prime neighborhoods like the Upper East Side, Tribeca, and Greenwich Village commanding some of the highest prices per square foot in the city. While Manhattan offers some of the most sought-after addresses for those looking for luxury living, there are also more affordable options in neighborhoods like Harlem, Washington Heights, and parts of the Lower East Side. Real estate values have historically remained resilient, driven by the borough’s status as a global cultural and financial center. Manhattan’s rental market is similarly competitive, with demand for both short-term and long-term leases consistently high due to the area’s prestige and central location.

Historical/Interesting Facts

Manhattan’s history dates back over 400 years, beginning with its original inhabitants, the Lenape Native American tribe, who lived on the island long before European settlers arrived. In 1624, the Dutch established a colony called New Amsterdam on the southern tip of the island, which later became the British-controlled New York after the British took control in 1664. The city rapidly developed as a trading post, with its prime location along the Hudson River fostering economic growth. Throughout the 19th and early 20th centuries, Manhattan became a symbol of America's industrial might and a focal point for waves of immigration. The construction of landmarks such as the Statue of Liberty, the Brooklyn Bridge, and the Empire State Building during this time helped shape Manhattan’s iconic skyline. Over the years, Manhattan has evolved from a small Dutch settlement to a global metropolis, becoming the home of Wall Street, Times Square, the United Nations, and countless cultural institutions like the Metropolitan Museum of Art. Today, Manhattan remains a symbol of New York City's historical legacy, diverse culture, and modern dynamism.

Properties Statistics

Total Properties

100

Median Asking

$2,319,561.99

Sale Price/ft²

$12,541.85

Average Home Size

1214 ft²

Average Home Age

31 years

Based on results from 100 properties

Buildings in this Sector

ABINGTON HOLDINGS 1412 west 25th street

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FAQ about Manhattan