Not even death is an escape from New York’s expensive real estate

Burial plots and crypts in NYC are getting smaller and more expensive as supply wanes

TRD WEEKEND EDITION /
Mar.March 30, 2019 04:00 PM

Plots typically go for between $4,500 to $19,000 (Credit: iStock, uniquelycat/Cathy Smith via Flickr)

There’s barely a square foot New York City real estate that doesn’t sell for a premium and it’s no different in the city’s increasingly crowded cemeteries.

The cost of burial plots in the cemeteries that dot the city have increased over the years, while plot sizes have shrunk as land becomes scarce, according to the New York Times.

Plots typically go for between $4,500 to $19,000 before maintenance and other fees, but pricing is all about location and prestige, just like real estate for the living.

Naturally, Manhattan is the most expensive place to be buried. An above-ground crypt at Trinity Church Hamilton Heights cemetery goes for up to $60,000 and each of the nine soon-to-be-available granite crypts in the catacombs beneath the Basilica of St. Patrick’s Old Cathedral on Mulberry Street are asking $1 million.

On the more affordable side, some cemeteries offer plots that can fit two or three caskets stacked one above the other. Meanwhile, a two-square-foot plot for cremated remains to be buried at Cypress Hills Cemetery in Brooklyn starts at $1,200, according to the Times.

Despite high pricing, some cemeteries are seeing declining revenue from plot sales as they run out of land. Others, however, are finding that new burial methods and preferences, like cremation, mean they have more space than they anticipated.

For example, officials at Green-Wood Cemetery in Brooklyn estimated 10 years ago that they would have to stop selling plots by 2015, but the shift toward smaller-footprint memorials means there could now be room there for decades — good news for New Yorkers who ascribe to it as their ultimate purchase.

“It is the ambition of the New Yorker to live upon Fifth Avenue, to take his airings in the [Central] Park, and to sleep with his fathers in Green-Wood,” the Times wrote more than 150 years ago. [NYT] – Dennis Lynch


Related Articles

arrow_forward_ios
(Credit: iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

arrow_forward_ios
Loading...