The Real Deal New York

Mapping the recovery: NYC’s fastest — and slowest — recovering neighborhoods

April 10, 2012 10:30AM
By Leigh Kamping-Carder

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From the April issue: The truth about the Manhattan residential real estate market is that there isn’t just one Manhattan residential real estate market. Individual city neighborhoods can see drastic variations in price and sales volume, based on the availability of certain types of housing stock. That’s never been truer than during the recent economic downturn, when bidding wars erupted over family-size Upper West Side co-ops, while Harlem condos lingered on the market for years. This month, The Real Deal investigated which Manhattan neighborhoods have recovered the fastest since the housing slump and which are still suffering. [more]