How Much To Buy An Apartment In Manhattan -

: Frequently trade in the $800,000 to $1.5 million range, where monthly ownership costs often compete with high Manhattan rents.

The market is characterized by , with active inventory hitting five-year lows in early 2026.

: A weakening U.S. dollar has made Manhattan real estate more attractive to international buyers in 2026.

: Generally range from 2% to 6% of the purchase price.

The overall median sale price for Manhattan apartments is approximately , representing a year-over-year increase of roughly 5% to 13%. Property Type Median Sale Price Average Price per Sq. Ft. All Apartments $1,225,000 (+5.2% YoY) $1,972 (+4% YoY) Condominiums $1,750,000 (+1.4% YoY) Co-operatives $850,000 (Flat YoY)

: The entry threshold for the luxury market (top 10%) is roughly $4 million . Average prices for ultra-luxury units ($20M+) can exceed $7,100 per square foot . Cost Breakdown by Unit Size

: A tiered tax starting at 1% for purchases of $1 million or more, rising up to 3.9% for properties over $25 million.