New York City is one of the most expensive cities in the U.S. to rent in so one can only imagine the price tags of the units actually for sale. Investing in real estate in New York City can be expensive, but nevertheless, an investment if NYC is the city where you see yourself living for the rest of your life. With more than 8.5 million people residing, across the five boroughs, there are plentiful of housing and investment opportunities for those looking to purchase real estate. This monthly report has its focus on the previous transactions made in April, showing the most expensive transactions (commercial transactions excluded), celebrity transactions, and some statistics to go along with it. The data for the report is provided by ACRIS.
Some information about ACRIS
With data publicly available by ACRIS (ACRIS being the Automated City Register Information System) the public can search property records and view documents for Manhattan, Queens, Bronx, and Brooklyn from 1966 to the present. While RealtyHop has incorporated a feature that allows users of the site to conduct their own searches for buy/sell events by individuals, organizations, or property addresses, a report showing the number of transactions made in the past month as well as some insight to what properties go for, in which borough, has been provided in the report.
A brief look at the month of April
Total transactions statistics:
- For the month of April, Queens ran off with the highest percentage of sales transactions again. This time around, Queens ended up with 33% of the total transactions for the past month. For the month of March, Queens had an impressive 35% percent of the total number, which means Queens saw a decrease of 2% this past month.
- When it came to second place we had a tie this time around. Both Manhattan and Brooklyn had a good month and both boroughs ended up with 29% of the total number of sales transactions for the month of April.
- Last but not least we have Bronx, who for the month of April ended up with 9% of the total sales transactions. That is a decrease from the month of March, where they had a percentage of 10%.
Median closing price per borough:
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- Manhattan had a significant increase in the median closing price for the month of April compared to March. In the past month, the median closing price in Manhattan went from $1,152,500 to 1,250,000. That is a significant increase of 8%.
- Brooklyn also saw an increase in the median closing price for the month of April. While it wasn’t as high as Manhattan, it was close. For the month of April, Brooklyn’s median closing price increased from $755,000 to 822,165. That is a 6% increase since March.
- Queens, however, saw a decrease in the median closing price. While the decrease wasn’t much (only 1%), it was still a decrease. In April compared to March, the median closing price in Queens went from $560,000 to $557,000.
- Then there was the Bronx. Like Manhattan and Brooklyn, the Bronx also saw an increase in the median closing price in April. For the Bronx, the increase was 3%, where the median closing price increased from $485,750 to $499,000.
An overview of the total transactions made in April
The table below shows the total transactions in April for the boroughs Manhattan, Brooklyn, Queens, and The Bronx. Obvious commercial transactions have been removed from the table (as well as any transactions that didn’t clearly show if it was a commercial transaction or not). The data in the table is provided by ACRIS for the month of April and ranks the transactions by the most expensive. We limited the transactions listed below to those of the cost of $100,000 and above. To search for transactions by borough, please refer to using the search field.***
With data from ACRIS, RealtyHop is able to disclose the total number of transactions as well as the boroughs with the most transactions in the past month. We here at RealtyHop look for insight into the real estate market to provide buyers with as much information as possible so they can make an informed buying decision.
