Financial District Real Estate Market Trends

Market Overview for Quarter 2, 2021


Median Sale Price

$965K

26% YoY


Median Price/Sqft

$1,072

-2% YoY


No. of Transactions

123

146% YoY

Manhattan Median Sale Price

$1.1M

16% YoY

What is the median sale price and median price per sq ft in Financial District?

As of Quarter 2, the median home sale price in Financial District was $965K, up 26% year-over-year. A total of 123 properties traded, representing a 146% year-over-year increase. The median price per square foot in Quarter 2 was $1,072, a -2% YoY change. The median home sale price in Manhattan was $1.1M.

Financial District Neighborhood Map

Also referred to as FiDi, the Financial District is home to the headquarters of many financial powerhouses and includes the New York Stock Exchange and Federal Reserve Bank. The population of this neighborhood almost doubled from 23,000 in 2000 to 43,000 in 2014, thanks to buyers looking for a conveniently located, quiet, and safe place to call home.

Financial District Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Financial District

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Top most expensive neighborhoods in Manhattan

Financial District median price compared with other neighborhoods in Manhattan

Property values in Financial District are lower compared to the borough of Financial District overall.




Financial District median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,364,000
TriBeCa Manhattan $3,600,000
NoHo Manhattan $2,950,000
SoHo Manhattan $2,687,500
Hudson Square Manhattan $2,562,500
NoMad Manhattan $2,189,362
Central Park South Manhattan $2,075,000
Chinatown Manhattan $2,066,160
NoLIta Manhattan $1,875,000
Civic Center Manhattan $1,825,000
Flatiron District Manhattan $1,782,000
West Village Manhattan $1,751,000
Carnegie Hill Manhattan $1,675,000
Two Bridges Manhattan $1,597,561
Little Italy Manhattan $1,350,000
Chelsea Manhattan $1,300,000
Lincoln Square Manhattan $1,252,500
East Village Manhattan $1,234,628
Roosevelt Island Manhattan $1,225,000
Greenwich Village Manhattan $1,150,000
Upper West Side Manhattan $1,130,000
Lenox Hill Manhattan $1,125,000
Battery Park City Manhattan $999,999
Lower East Side Manhattan $992,500
Central Midtown Manhattan $990,000
Gramercy Park Manhattan $982,500
Financial District Manhattan $965,000
Sutton Place Manhattan $955,000
Clinton - Hell's Kitchen Manhattan $950,000
Garment District Manhattan $940,000
Theatre District - Times Square Manhattan $868,000
Yorkville Manhattan $857,165
Murray Hill Manhattan $750,000
Harlem Manhattan $715,000
Manhattan Valley Manhattan $699,000
Turtle Bay Manhattan $670,029
Morningside Heights Manhattan $640,000
East Harlem Manhattan $634,453
Koreatown Manhattan $630,000
Kips Bay Manhattan $618,000
Washington Heights Manhattan $526,226
Inwood Manhattan $428,875
Tudor City Manhattan $315,888

Residential Properties Sold in Financial District

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $965K 10% $1K -10% 110
Coops $951K 32% $666 -32% 12
Houses - - - - 0

The median condo price in Financial District in Quarter 2 was $965K, up 10% year-over-year. Median coop sale price in Financial District were $951K, a change of 32% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 2 in Financial District.

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Financial District Neighborhood Guide

The Financial District will likely never be known as a residential neighborhood. This is, after all, where the world comes to do business. But more and more there are signs that people have discovered its hidden residential side and that not all those meals are just power lunches. As expected, weekdays are fast-paced and hectic, but if one craves a quiet Saturday morning neighborhood stroll there is no better place to live than in the Financial District. In recent years some three dozen restaurants and an eclectic mix of big name and boutique shops have opened as the Financial District has shed some of its veneer as a "9-5" neighborhood. And there are residual benefits to living in the heart of the world's economic engine - the public WIFI connections in the neighborhood are outstanding!

Architecture and landmarks

This was the birthplace of New York City, so old that the main streets have names and not the numbers that came later with the Manhattan street grid. However, precious few reminders of Manhattan's early days survive today in the canyons of skyscrapers. The Fraunces Tavern is still here, a landmark since the 1700s. And enough buildings remain on Stone Street to have created a historic district. Trinity Church on Broadway, at the head of Wall Street, was far and away the tallest building in New York when the Neo-Gothic house of worship was completed in 1846 - it is dwarfed by its neighbors today. The Customs House is one of the city's best Greek Revival structures and stands on the spot where George Washington took the oath of office as America's first President, back when New York was the nation's capital. And unlike most neighborhoods, the Financial District has its own symbol - the Charging Bull on Broadway at Bowling Green. It has stood there since 1987, even though the snorting bronze bovine is not owned by New York City and is classified as "art on loan", which is technically limited to a one-year display.

Transport

Anywhere you can travel to in New York City can be arrived at from the Financial District. Just in the Fulton Street station alone you can choose from the 2, 3, 4, 5, A, C, J and Z subway lines. The free ferries to Staten Island and Governors Island run in and out of port here.

Schools

Nineteen schools serve the Financial District and its newish neighbor on the other side of the West Side Highway, Battery City Park. Two of the stars of the neighborhood education system are PS 343 Peck Slip School, known for its competitive admissions and vegetarian lunches for PK-3, and the widely admired Stuyvesant High School.

Health

New York-Presbyterian/Lower Manhattan Hospital is the only hospital serving the city under 14th Street. Medhattan Immediate Medical Care on Liberty Street offers urgent medical care to patients five years or older, for emergencies that are not life-threatening.

Safety

The Financial District is under the jurisdiction of the 1st Precinct which reported 21.69 crimes per 1,000 residents in 2015, here and in surrounding neighborhoods. That is about average for New York City.

Things to do

There is a laundry list of activities in the Financial District that people travel across the world to do and that should be done at least once while living here. They include checking out the New York Stock Exchange from the observation platform, sailing on the Staten Island Ferry past the Statue of Liberty, and looking up at the tall ships in the South Street Seaport.

The financial office buildings are a great source for seeking out public art and more conventional museums include the National Museum of the American Indian that is part of the Smithsonian Institution and free of charge, the Museum of American Finance (naturally), and the Castle Clinton National Monument. The magnificent Beaux-Arts Battery Maritime Building is the point of demarcation for free ferries to Governor's Island, and it's small enough to explore by foot or bicycle.

Stone Street has been reimagined with shopping boutiques and outdoor cafes lining the cobblestones. Food aficionados can make the pilgrimage to Delmonico's, which pioneered the concept of the American sit-down restaurant in 1837. Or just take advantage of the many buildings that have accessible rooftops and world class panoramic views. Battery Park is the Financial District's premier open space with views across New York Harbor but there are several other pocket parks including Zucotti Park, Hanover Square, Mannahatta Park and Pearl Street Playground.