3 ms·
> Now the houses that sold for $150k-$300K in the 70's sell for like $7.5m - $30m I think you're off by an order of magnitude. 432 Park Ave, which is by any ac
by kevindong 8y ago
> Now the houses that sold for $150k-$300K in the 70's sell for like $7.5m - $30m
I think you're off by an order of magnitude. 432 Park Ave, which is by any account one of the most expensive buildings in NYC, has a 2 bedroom / 2.5 bath apartment listed for just shy of $12 million [0]. In fact, there's only 13, 2-bedroom apartments more expensive than that for sale in Manhattan [5].
In Manhattan, there's currently 134 listings for 2 bedroom apartments with a listing price of under $750k [1], 1596 listings for under $3 million [2], 1998 listings for under $7.5 million, and a total of 2034 listings for all 2 bedrooms currently listed [4].
[0]: https://streeteasy.com/building/432-park-avenue-new_york/53a https://streeteasy.com/building/432-park-avenue-new_york/53a
[1]: https://streeteasy.com/for-sale/manhattan/status:open%7Cprice:-750000%7Cbeds:2 https://streeteasy.com/for-sale/manhattan/status:open%7Cpric...
[2]: https://streeteasy.com/for-sale/manhattan/status:open%7Cprice:-3000000%7Cbeds:2 https://streeteasy.com/for-sale/manhattan/status:open%7Cpric...
[3]: https://streeteasy.com/for-sale/manhattan/status:open%7Cprice:-7500000%7Cbeds:2 https://streeteasy.com/for-sale/manhattan/status:open%7Cpric...
[4]: https://streeteasy.com/for-sale/manhattan/status:open%7Cbeds:2 https://streeteasy.com/for-sale/manhattan/status:open%7Cbeds...
[5]: https://streeteasy.com/for-sale/manhattan/status:open%7Cprice:12000000-%7Cbeds:2 https://streeteasy.com/for-sale/manhattan/status:open%7Cpric...
- cascom 8y agoNope - if I log into the New York Times and look at the real estate section for Sunday, March 2, 1975 (pg.294 if you have a subscription) you'll see an ad for a 5 bedroom (10 rooms total) on 5th avenue in the 80's for $150K that would be more like $12M today or a whole townhouse in the east 60's (pg.273) for $164k...