What's Hot Where In Manhattan Apartments: StreetEasy Runs It Down, From Upper East Side 2BRs to Financial District Studios

ManhattanHere at the New Construction Manhattan job, we do a lot of bird's eye view stuff -- or Top of The Nouvel's Eye View, if you prefer. That is, lots of stuff on the big trends in Manhattan real estate -- mortgage rates are down, NYC condo sales are spiking, and so on. But of course Manhattan real estate -- and certainly searching for NYC condos, which is probably why you're at New Construction Manhattan -- is not a top-of-the-Nouvel experience. The process of finding the right Manhattan apartment is a hugely personal, finely individuated and finally very human-scale process.That means that searching for a Manhattan apartment is not just searching for a Manhattan apartment -- it's searching for two-bedroom apartments on the Upper East Side or studios in the Financial District or one-bedroom apartments in Chelsea. That would be why NCM built our Advanced Search function. It's also fairly obvious, which makes it that much more surprising that this fascinating article from New York Magazine laying out the most popular apartments by size and type in each Manhattan neighborhood is the first piece of its kind that we've seen. "What’s coveted in the Village could languish in Yorkville," New York's S. Jhoanne Robeido writes. "And what’s hot in Yorkville could stink in the financial district." True enough, of course, and a statement that's borne out by the study that makes up the majority of the piece. StreetEasy weighed price discounts, time on the market and the ratio of closings to available apartments to determine which listings are the most popular in which neighborhood. The results are here, and include some surprises -- who knew that pre-war one-bedroom apartments in the West Village were more popular than the new construction condos that have sprung up in that area? They also include the aforementioned two-bedroom apartments on the Upper East Side or studios in the Financial District or one-bedroom apartments in Chelsea. At any rate, the piece offers an interesting look into the city's real estate psyche -- and another reminder, for us, that every search for a Manhattan apartment is really an advanced search.

NYC Daily Real Estate Blog

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