How Much To Buy An Apartment In Manhattan May 2026

: 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

: The average condo price has climbed to $3.13 million , heavily influenced by high-end new developments and "trophy" properties. how much to buy an apartment in manhattan

: A tiered tax starting at 1% for purchases of $1 million or more, rising up to 3.9% for properties over $25 million. : The entry threshold for the luxury market

: A weakening U.S. dollar has made Manhattan real estate more attractive to international buyers in 2026. : A tiered tax starting at 1% for

: Mortgage rates have stabilized around 6% to 6.2% , which has reduced some "rate shock" but continues to limit the number of sellers willing to list their homes.