Looking at condo closings in the past 6 months or so, the average price/sf comes up to about $629. Not many oddballs in this mix so this number feels about right. Most are within 10 min of the L train. The variation seems largely based on quality of construction and finish. The top of the pile was 174 Jackson, which was beautifully executed and perfectly calibrated for this market. There's not much on the market now. Large 1-beds are going from $500k-$700K (no small ones left). 2-beds are going from $575K-$750K.
Single family townhouses in the last 9 months have traded for around $600K, but that has changed rapidly. One just went into contract for $750K after multiple bids. Nothing else to pick from right now. Two and Three-families have traded for about $750K - $1.1M. Prices are going up though, and what you'll find currently on the market are houses for about $1.1M-$1.5M.
Photo via
www.Forgotten-NY.com
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