Sat.Feb 09, 2019

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The (New) Tallest Chart In The History Of Manhattan Real Estate

Miller Samuel INC

With all the hubbub about the new Manhattan residential price record of $238 million and potential ramifications, I wanted to create a chart to give readers a sense of how disconnected this sale is from the prior records, and from housing prices for mere mortals in already one of the highest priced housing markets in the U.S. I have done this before, first in 2012 when the famed $88 million penthouse sale at 15 Central Park West launched the global "super luxury" "aspirational pricing" phenomeno