The Manhattan Market

Manhattan, the Heart of New York City

New York City consists of five "boroughs," one of which, Manhattan, is what most people think of when they imagine New York City. Because of it's economic, financial and cultural importance, Manhattan Sky Partners has chosen to focus on Manhattan and its many varied and different neighborhoods (see map).

Manhattan is the richest county in the United States and is experiencing a "baby boom" that is unique among U.S. cities. Since 2000, the number of children under age 5 living in Manhattan grew by more than 32%. The increase is driven mostly by affluent white families with median household incomes over $300,000.

Manhattan's population density of 66,940 people per square mile (25,846/km²) is also the highest of any county in the United States. Rental vacancy rates are usually very low, between 3% and 4.5%, which is well below the 5% threshold the municipal government uses to define a housing shortage.

Manhattan Sky Partners specifically targets under-valued properties in up-and-coming neighborhoods in Manhattan and are especially adept at exploiting 'special' situations: developers needing to sell, changes in governmental regulations, properties needing to be re-purposed, etc.  We research and anlyze neighboring properties, access to mass transit, property architecture & design, and overall community culture and atmosphere.  It is only because we are intimately familiar with the day-to-day comings and goings of these specific neighborhoods that we have direct access to this otherwise-hard-to-find market data. 

 

All cited statistics are from Wikipedia: 1, 2