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New York

Washington Heights wins by waiting

<span style="font-style: italic;">While sales are down, pricing in Upper Manhattan nabe holds relatively steady</span>

It may have Manhattan’s highest natural point (265 feet, in Bennett Park), but Washington Heights did not see the steep peaks in activity and prices that so many Manhattan neighborhoods experienced in the past few years.

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As a result, the neighborhood — which stretches from the Hudson to the East rivers and from 155th to Dyckman streets — has avoided the complete and utter cratering that many other Manhattan neighborhoods have seen in the last couple months.

This month, as part of a monthly feature looking at what kinds of deals are closing in different neighborhoods, The Real Deal found that Washington Heights saw a 76 percent drop in closings in the past year. While that may seem steep, pricing held up far better than other, more upscale areas.
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Citi HabitatsCorcoranDouglas EllimanEast RiverHudson RiverRiverside DriveWashington Heights