The Real Deal New York

Upstate more like another state

May 14, 2007 12:00AM

From the May issue: Hardcore New York City denizens who think upstate begins at 96th Street forget that there are two New Yorks: the city and its 8 million residents, and the rest of the state, mostly to the north and west, where the other 11 million live. When it comes to real estate prices, the two could not be further apart. The median price for an apartment in New York City was $835,000 in the first quarter of 2007, up 4.5 percent from $799,000 the previous quarter, according to appraisal firm Miller Samuel. With the growing disparity in prices, a typical Manhattan apartment could pay for eight houses upstate. more By Marc Ferris

Comments are closed.