NEW YORK CITY-A survey conducted by PropertyShark.com has listed the cheapest homes in the New York City housing market, marking the first time when homeownership is less expensive than renting a home.
The average sales price for apartments is $370,000 in the five boroughs of New York. However, prices vary from market to market. Sales price in Queens, Bronx and Staten Island is $250,000 while prices in Brooklyn and Manhattan markets hover around $400,000 and $600,000 respectively. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
