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New York City is the largest populated city in the United States and is made up of five boroughs, Manhattan, Queens, Staten Island, Brooklyn and The Bronx. Over the last 5 years, homeowners have seen a cumulative ROI of 129%. As of December, 2019 the average home value in NYC is $681600.
New York City is filled with towering sky scrapers, hotels, and apartment buildings and is an economic powerhouse. Many new residents are venturing into up-and-coming boroughs such as Brooklyn or Queens in search of access affordable housing that is still in the city. Manhattan holds a little bit higher value being right in the mix of it all. New York property owners have been rewarded with a solid 5 year cumulative return on investment of 129%. On average, our hand-picked agents sell NYC homes in just 28 days and for 5.7% more than their peers.