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.


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

    I had a home for many years in the Luberon region of France, where I became enamored of the light, the food and, of course, the gardens. I now live in Florida, and when renovating, I wanted to bring a bit of Provence into my home and garden. Imagine my joy when I walked into Authentic Provence in West Palm Beach (also online at http://authenticprovence.com). The owners have sourced the most incredible French and Italian garden antiques and products: statues, fountains, planters (note especially the classic Caisse de Versailles, and Anduze pottery), terra cotta shields, stone animals, copper pots, garden spouts, and on and on. They have created an environment that took me right back to many afternoons spent in the beautiful homes and gardens of Provence. They are also very helpful in giving advice and even sourcing special items, and can arrange shipping anywhere in the USA. I highly recommend this business!

Post a Comment

All related comments are welcome. Spam will be deleted.


This blog site is designed and published as a consumer service by local real estate broker to help Manhattan, New York City buyers, sellers and renters make informed real estate decisions. This site and its feeds are owned and operated by Mitchell J Hall, a NY State licensed real estate associate broker associated with The Corcoran Group and member of the Real Estate Board of New York.

Legal Disclaimer - The opinions expressed here are those of the authors and do not neccessarily reflect the opinions or policy of The Corcoran Group. This site is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.

Legal Disclaimer - Information on this site is not intended as legal or financial advice. - All material herein is intended for information purposes only and has been complied from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. I operate a business that supports Fair Housing.“We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program which there are no barriers to obtain housing because of race, color, religion, sex, handicap, familiar status or national origin.”

© Copyright 2006 -2016 © nycBLOGestate.com © BlogEstate.nyc Al l Rights Reserved