It's been ten years since the start of the Great Recession, and the year prior to its start was a record-setting year for Manhattan real estate. We took a look at how those buildings that launched sales at the peak of the market have performed since. Our data shows that buildings along Manhattan's west side and Harlem are the winners, and condos on the east side have had the lowest price appreciation.
The listings featured below are all within new construction buildings and conversion projects finished between 2007 and August 2008. We compared their sponsor sales to recent recent resales that came in over the past 18 months. Current availabilities are few and far between, so we've left out sold-out buildings. The full list can be viewed on the tables below.
In this article:
1.
The Kalahari, 40 West 116th Street
(+148%)
2007: $435 per ft2 | 2017: $1,079 per ft2
Neighborhood:
Harlem
↓ #A604 | 2 Beds, 2 Baths | $1.325M
Located on the sixth floor, this spacious apartment offers southern exposures and views of the building's private landscaped courtyard. The large living room benefits from a modern and sleek built-in cabinetry system for your book collection and will hide away your household electronics. Custom California closets provide abundant storage. See floor plan and full details here.
1 Additional Listing for $1.299M
2.
100 West Condos, 100 West 93rd Street
(+147%)
2007: $617 per ft2 | 2017: $1,523 per ft2
Neighborhood:
Broadway Corridor
↓ #J21 | 2 Beds, 1 Bath | $1.5M
Well-proportioned high-floor home looks out on southern and eastern city views from every spacious room, but the private balcony is the best place to enjoy them. The entire unit has been renovated and features solid oak floors and chef's kitchen with Caesarstone countertops and stainless steel appliances. See floor plan and full details here.
2 Additional Listings from $780K
3.
15 Central Park West
(+110%)
2007: $3,068 per ft2 | 2017: $6,439 per ft2
Neighborhood:
Central Park West
↓ #15 | 1 Bed, 2 Baths | $4.495M
Welcome to the largest one-bedroom at 15 Central Park West! The kitchen comes outfitted with top-of-the-line appliances, including a Viking wine cooler, Wolf oven, and Sub Zero refrigerator. The large master suite has generous closet space and a marble bath with soaking tub and walk-in shower. See floor plan and full details here.
9 Additional Listings from $4.495M
4.
Caledonia, 450 West 17th Street
(+101%)
2007: $1,221 per ft2 | 2017: $2,457 per ft2
Neighborhood:
Chelsea
↓ #2108 | 2 Beds, 2 Baths | $3.295M
Floor-to-ceiling windows flood this corner condo with abundant sunlight and provide stunning sunset views on the Hudson River. The large living room and open kitchen are ideal for entertaining. Down the hall, an ultra-private master suite has two walk-in closets, a linen closet, and a five-fixture bath. See floor plan and full details here.
4 Additional Listings from $1.549M
6.
SoHa 118, 301 West 118th Street
(+90%)
2007: $634 per ft2 | 2017: $1,202 per ft2
Neighborhood:
Harlem
↓ #10F | 3 Beds, 2.5 Baths | $2.68M
This spacious Harlem apartment comes with an enormous private terrace with a barbecue grill. Inside, light pours in from every window to offer beautiful views throughout. The perfectly proportioned bedrooms are located in a separate wing for excellent privacy. See floor plan and full details here.
2 Additional Listings from $705K
15.
The Langston, 68 Bradhurst Avenue
(+67%)
2007: $550 per ft2 | 2017: $919 per ft2
Neighborhood:
Harlem
↓ #8U | 2 Beds, 2 Baths | $930K
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Northeastern and southwestern exposures as seen through large windows fill this apartment with amazing natural light. Additional features include 9' ceilings, in-unit washer/dryer, and chef's kitchen with stainless steel appliances and Grohe fixtures. See floor plan and full details here.
2 Additional Listings from $848K
17.
Chelsea Stratus, 101 West 24th Street
(+60%)
2007: $1,311 per ft2 | 2017: $2,103 per ft2
Neighborhood:
Chelsea
↓ #23A | 2 Beds, 2 Baths | $2.3M
All rooms of this artfully designed condo have floor-to-ceiling windows looking out on north and west skyline views. The living room features a steel and wood wall and a glass fireplace. State-of-the-art kitchen is outfitted with stone countertops, ebony cabinets, and top-of-the-line appliances. See floor plan and full details here.
6 Additional Listings from $1.73M
20.
One York Street, 1 York Street
(+53%)
2007: $1,420 per ft2 | 2017: $2,174 per ft2
Neighborhood:
Tribeca
↓ #10FL | 4 Beds, 4.5 Baths | $18M
The tenth floor of this exclusive, modern building offers the chance to custom-design a floor-through residence in one of the hottest downtown neighborhoods.
Walls of windows look out on views of iconic buildings, and no detail is overlooked with the finest finishes throughout. See floor plan and full details here.
1 Additional Listing for $2.975M
2007: $1,280 per ft2 | 2017: $1,941 per ft2
Neighborhood:
Battery Park City
↓ #4C | 2 Beds, 2 Baths | $1.75M
Upon entering this home in a LEED-certified condominium, one immediately notices the exquisite bamboo flooring, high ceilings and large double-glazed windows looking out on eastern exposures. The master bedroom features two closets and an en-suite bath with double sinks, frameless glass shower, and separate Neptune Zen soaking tub. See floor plan and full details here.
6 Additional Listings from $2.498M
30.
10 West End Avenue
(+42%)
2007: $1,158 per ft2 | 2017: $1,645 per ft2
Neighborhood:
Lincoln Center
↓ #8E | 1 Bed, 1 Bath | $1.2M
Magnificently laid out apartment boasts soaring ceilings and floor-to-ceiling windows facing west to offer views of the imaginative new skyline on the rise. The open kitchen is outfitted with black granite countertops and state-of-the-art appliances. See floor plan and full details here.
3 Additional Listings from $1.199M
Best Performing Neighborhoods Since the Recession
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City