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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

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NBC’s Tom Llamas climbed from 15-year-old intern to the top anchor chair—and still isn’t satisfied: ‘If you're not growing, you're dying'

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Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won
Real EstateNew York

A Manhattan Apartment Now Costs an Average $2 Million

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Mahita Gajanan
Mahita Gajanan
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By
Mahita Gajanan
Mahita Gajanan
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December 14, 2016, 3:15 PM ET
Luxury High-Rise Real Estate Across New York's Central Park South
Robert Nickelsberg—Getty ImagesRobert Nickelsberg Getty Images
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Manhattan real estate prices set a record high in 2016, according to CityRealty’s year-end market report for the New York City borough.

The average price for an apartment, including condominiums and co-ops, exceeded $2 million, topping last year’s record of $1.9 million. Co-ops and condominiums sold at an average price of $2.2 million in 2016, the report said. The median price for apartments, $1.2 million, was a 9% increase from 2015, when the median price was $1.1 million.

Condominium prices reached a new record as well, at $3.1 million, surpassing 2015’s price of $2.6 million.

Manhattan co-op prices dipped slightly to $1.3 million in 2016 from $1.4 million last year. The median price grew, however, to $825,000 from $785,000.

About half of the 25 most expensive apartment sales this year were at 432 Park Avenue, the residential skyscraper that overlooks Central Park.

According to the report, average Manhattan apartment prices have increased by 91% since 2006.

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