: Listing discounts have tightened to roughly 4.4% , indicating a market that currently leans in favor of sellers.
: Minimums are typically 20% for condos, but many co-ops require 25% to 50% . how much to buy an apartment in manhattan
: 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 : Listing discounts have tightened to roughly 4
: A tiered tax starting at 1% for purchases of $1 million or more, rising up to 3.9% for properties over $25 million. Average prices for ultra-luxury units ($20M+) can exceed
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)
: Two-bedroom and larger apartments have seen the most significant gains, with some segments seeing double-digit price increases in 2026. Total Cash Required for Purchase
: Many buildings, especially co-ops, require buyers to show significant cash reserves (often 12–24 months of carrying costs) after the purchase is complete. 2026 Market Outlook