Jul 28, 2013

Manhattan Luxury Real Estate: A Bargain?


"It's all Relative" Albert Einstein's theory of relativity 

The Real Deal took a look at how Manhattan's high-end residential  market compares to other cities internationally. The article featured two charts. How many square feet does $1 million buy around the world? and Highest total asking prices by city around the world.

   Tour Odéon, Monaco

35,000 square foot penthouse asking $391 million

approx: $11,000 per square foot



 How many square feet does $1 million buy around the world?

City               Square Feet

Monaco             172
Hong Kong       204
London              247
Geneva              344
Paris                  409
Singapore         409
Moscow             463
New York           474

Highest total asking prices by city

City                  Address/Name                           Price (U.S. Dollars)

Monaco                   Tour Odeon                                   $391 million
London                   18 Carlton House Terrace          $391 million
Singapore               33 Nassim Road                         $242 million
Greenwich, CT       Cooper Beach Farm                   $190 million
Los Angeles           Owlwood Estate                          $150 million
Paris                        Palais Montmorency                   $140 million
Dallas                     Crespi Hicks Estate                     $135 million  
New York               The Pierre 795 Fifth Ave           $125 million
Hong Kong             5 Henderson Road                      $90 million

In the world economy a Manhattan luxury apartment is a real asset, a good value and perhaps a bargain.




comments

1 Response to " Manhattan Luxury Real Estate: A Bargain? "
  1. Vivian Wright said...
    July 24, 2014

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