"Manhattan remains one of the most expensive real estate markets in the world, driven by limited space, demand, and a reputation as a financial hub. As of late 2025, the median home price in Manhattan hovers around $1.2 million, while the average price per square foot exceeds $1,500, according to data from Douglas Elliman and StreetEasy. Luxury developments along "Billionaires' Row" near Central Park push the upper limits of the market, with penthouses selling for well over $100 million"
"Billionaires' Row refers to a stretch of ultra-luxury skyscrapers centered along West 57th Street near the southern edge of Central Park in Midtown Manhattan, home to some of the most expensive residential real estate on Earth. These slender "supertall" towers rise more than 1,000 feet into the skyline and cater to billionaires seeking privacy, panoramic park views, and exclusive amenities. Condos in these buildings regularly sell for tens of millions, with record-breaking penthouses reaching $238 million or more, making them symbols of wealth inequality."
Manhattan's real estate market remains among the most expensive globally, with a late-2025 median home price near $1.2 million and average prices above $1,500 per square foot. Luxury developments along Billionaires' Row concentrate supertall residential towers exceeding 1,000 feet, providing privacy, panoramic Central Park views, and high-end amenities tailored to ultra-wealthy buyers. Penthouses and condos regularly sell for tens of millions, with record listings surpassing $238 million and some above $250 million. High property taxes, co-op fees, and mortgage costs limit affordability, while global investors and the ultra-rich continue to prize Manhattan for prestige and stability.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]