Chinatown Real Estate Market Trends

Top most expensive neighborhoods in Manhattan

Chinatown median price compared with other neighborhoods in Manhattan

Chinatown property values are on the higher-end for neighborhoods in Manhattan .

Chinatown median price compared with all the neighborhoods in Manhattan

Neighborhood	Borough	Median Sale Price
TriBeCa	Manhattan	$4,137,500
Hudson Square	Manhattan	$2,832,500
SoHo	Manhattan	$2,800,000
Flatiron District	Manhattan	$2,275,000
Upper West Side	Manhattan	$1,850,000
West Village	Manhattan	$1,820,000
Chelsea	Manhattan	$1,700,000
Carnegie Hill	Manhattan	$1,690,000
Greenwich Village	Manhattan	$1,687,500
Central Midtown	Manhattan	$1,660,000
Chinatown	Manhattan	$1,656,000
NoMad	Manhattan	$1,500,000
Gramercy Park	Manhattan	$1,427,500
Financial District	Manhattan	$1,413,000
Lincoln Square	Manhattan	$1,363,200
East Village	Manhattan	$1,235,000
Clinton - Hell's Kitchen	Manhattan	$1,175,000
Battery Park City	Manhattan	$1,150,000
Yorkville	Manhattan	$1,120,380
Lenox Hill	Manhattan	$1,110,000
Lower East Side	Manhattan	$1,074,500
Manhattan Valley	Manhattan	$1,050,000
Central Park South	Manhattan	$997,885
Two Bridges	Manhattan	$995,000
Turtle Bay	Manhattan	$925,000
Theatre District - Times Square	Manhattan	$917,500
Sutton Place	Manhattan	$887,000
East Harlem	Manhattan	$793,216
Murray Hill	Manhattan	$755,000
Morningside Heights	Manhattan	$705,000
Harlem	Manhattan	$655,000
Kips Bay	Manhattan	$643,500
Washington Heights	Manhattan	$533,245
Inwood	Manhattan	$470,000
Tudor City	Manhattan	$342,500

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Chinatown Neighborhood Guide

Historically, the tens of thousands of immigrants arriving each year in New York City would tend to settle in ethnically homogenous neighborhoods where they shared a common language and culture. Almost all are gone these days, except Chinatown. In fact, it is the largest community of Chinese people in the Western hemisphere. Many of the families that live here are multi-generational. Streets all have Chinese names and signs sport Chinese lettering - some even forego an English translation. Manhattan's Chinatown is one of the biggest tourist destinations in New York City and the streets are always packed, even late into the night, as crowds of bargain hunters and foodies take advantage of the long shopping hours.

Architecture and landmarks

Chinatown in 2016 sits on the bones of what was New York's most notorious slum in the 19th century - Five Points. The neighborhood retains some of the gritty appearance of that time, and hidden behind the ubiquitous signs and hoardings you can spy remnants of historical architecture. The Edward Mooney House at Pell Street and the Bowery is a rare 18th century survivor, having been constructed in 1789 by a wealthy butcher. As for landmarks, check out the Nam Wah Tea Parlor on Doyers Street that was the city's first dim sum joint. Also, on the one-block Doyers Street at 5-7 is the first Chinese theater in New York. The Mahayana Buddhist Temple on Canal Street features a golden 16-foot Buddha statue that claims to be the largest in the city. A statue of Lin Zexu, the moral conscience of the Qing dynasty in 19th century China, lords it over Chatham Square. Also here is the Kimlau Memorial Arch that remembers the contribution of Chinese soldiers who fought on the American side in our country's wars.

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