PRESTIGE DESTINATION GUIDE: NEW-YORK

BARNES GLOBAL PROPERTY HANDBOOK 2025

An emblematic city and the economic capital of the United States, New York remains a prime destination for investors and wealthy families. The city combines dynamism, culture, and innovation, attracting an international clientele in search of prestigious real estate. Its market, characterized by a diverse offer ranging from designer lofts to exclusive penthouses, adapts to new trends and remains a safe long-term investment. With iconic neighborhoods such as Manhattan, Tribeca, and Hudson Yards, the city continues to evolve and confirms its status as a safe haven for discerning real estate buyers.

The most sought-after neighborhoods in New York

New York’s offer is broad and diverse. While the property market has always adapted, trends remain consistent in the most desirable districts.
The Financial District, Tribeca, West Village, and SoHo concentrate the most notable demand, and whispers suggest that prices are set to reach new highs. At the same time, as often happens during contraction periods, there is renewed interest in historic neighborhoods such as Greenwich Village, the Upper East Side, and Brooklyn Heights, which are full of beautiful houses and emblematic residences.
Coral Gables and Coconut Grove in Miami, along with Dumbo and Brooklyn Heights in New-York, are benchmarks in prestigious real estate investment.
 

The most sought-after properties in New York

The New York real estate market offers a wide range of properties, from apartments in renovated historic buildings to century-old mansions and modern residences with high-end amenities. Foreign buyers particularly seek large apartments in architecturally significant buildings, located on higher floors, bright, with terraces and parking spaces—properties that are hard to find!

Note for 2025: the rise of international demand will inevitably push property prices upward in the ultra-prime segment.
 

 

Buyers’ expectations in New York

Luxury properties are concentrated in areas where capital appreciation prospects remain strong. The appeal of the most iconic addresses has never faded, particularly those best located near boutiques and cultural institutions. Singles and young active couples are looking for smaller apartments with a view. Wealthy buyers prioritize elegant townhouses or penthouses offering luxurious features, including 24/7 concierge services. Demand for “flex spaces” and “remote work options” remains, but is gradually declining as companies bring their teams back to the office.

Our new properties for sale in New-York

Client profile in New York

Since 2022 and 2023, BARNES New York has observed the return of a central element of the city’s ecosystem: the wealthy foreign buyer. For decades, foreigners have supported the high end of Manhattan’s residential real estate market. The international clientele, making a strong comeback, now comes from Europe, the Middle East, Hong Kong, Singapore, and Japan. New York has once again become profitable.
 

Opportunities and outlook in New York

Following the elections, political uncertainty is generating adjustments in individual investment strategies, but New York’s market, thanks to its diversity and dynamism, remains one of the most solid in the world. Real estate opportunities for buyers are expected to be concentrated at the very beginning of the year, while sellers should wait a little longer for the most favorable time to showcase their properties.

What is the price per m² in New York in 2025?

New York displays a wide diversity of prices depending on the neighborhood. Manhattan, the flagship sector of the high-end real estate market, shows a median price of USD 1,150,000 for prestige properties.
Brooklyn and Westchester County are more accessible, while Greenwich, CT, an exclusive destination, reaches a median of USD 2,700,000.
The ultra-luxury market remains dynamic, particularly in Hudson Yards, SoHo, and Tribeca, where the most prestigious properties exceed USD 40,000/m².

Contact us to discover the full property price
per sqm in New-York

Contact Carine Cianfarani, Brand / License Development Director.
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