Propertyshark.com recently released its NYC Walk-up Apartment Report for the second quarter of 2007, and the square footage stats are worthy of note.
The report, which focuses on the sale of the city’s walk-up apartment buildings revealed that the price per square foot of walk-up buildings increased 27.59% to $187 since the second quarter of 2006.
So, we did the math, and that means that these buildings were selling for just under $140 per square foot back in ’06? Where’s the Delorean when you need it?
Other stats of note from the report:
- Total sales volume for NYC walk-up apartment buildings was $1.4 billion in the second quarter.
- The average sales price for a walk-up apartment rose 9 percent from the first quarter of 2007 to approximately $2.5 million.