Market Overview for Quarter 4, 2020
Median Sale Price
No. of Transactions
Manhattan Median Sale Price
In Quarter 4, the median home sale price in Lenox Hill was $1M, a 9% increase year-over-year. A total of 257 properties changed hands, representing a 5% contraction compared to the same month last year. The median price per square foot as of Quarter 4 was $1,231, a 6% YoY change. In Manhattan, the median home sale price was $1M.
Lenox Hill Neighborhood Map
Perhaps best known as the home of Lenox Hill Hospital, there are many luxury residences from the 1910s and `20s in Lenox Hill, alongside newer co-ops, condos, and high rises. The streets are lined with boutiques, five-star hotels, art galleries, and museums - including the Frick Collection. There is just one subway but it is close to Central Park.
Top most expensive neighborhoods in Manhattan
Lenox Hill median price compared with other neighborhoods in Manhattan
Property values in Lenox Hill are lower compared to the borough of Lenox Hill overall.
Lenox Hill median price compared with all the neighborhoods in Manhattan
|Neighborhood||Borough||Median Sale Price|
|Central Park South||Manhattan||$2,237,500|
|Upper West Side||Manhattan||$1,130,000|
|Battery Park City||Manhattan||$994,500|
|Clinton - Hell's Kitchen||Manhattan||$910,000|
|Theatre District - Times Square||Manhattan||$825,000|
|Lower East Side||Manhattan||$700,000|
Residential Properties Sold in Lenox Hill
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in Lenox Hill in Quarter 4 was $8.2M, down 19% year-over-year. Conversely, median condo prices in Lenox Hill trended up 45% year-over-year to $1.6M. Median coop sale price in Lenox Hill were $785K, a change of -8% year-over-year.
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Lenox Hill Neighborhood Guide
Lenox Hill comes by its name honestly. There once was a Scottish trader by the name of Lenox, and there once was a hill. The neighborhood is a couple of blocks off of Central Park - far enough from the tourist bustle to allow for a vibrant street scene and an eclectic mix of residents. You won''t party until dawn in Lenox Hill but you can find a snack at midnight. There is room for both Upper East Siders whose families have been here for generations and just-out-of-college types who are still splitting the rent.
Architecture and landmarks
Some architecture buffs consider East 70th Street to be the finest of all New York City residential streets. When Paul Mellon's French provincial townhouse went on the market here in 2005 the price tag was $26.5 million. Other structures of note include the Whitney Museum of American Art that derives from Vanderbilt money, the exquisite Union Club that is considered to be New York's oldest men's social club, and the Roosevelt House, a double townhouse that was a wedding gift and the first home of Franklin and Eleanor Roosevelt.
The New York City Subway runs the 4 and 6 trains into Lenox Hill and eleven bus routes shuttle residents around the city. Chief among them are the Fifth and Madison Avenues Line (M1, M2, M3, and M4), the M66 and M72 that traverse Central Park to the Upper West Side, and the Third and Lexington Avenues Line (M98, M101, M102, and M103).
Primary and secondary schools abound in and around Lenox Hill and some have taken up residence in historic neighborhood mansions like the Convent of the Sacred Heart which serves students from pre-kindergarten through 12th grade in the Otto H. Kahn and James A. Burden houses. Hunter College, one of America's oldest public universities, has been on Park Avenue since 1873. Some classes are held in the Roosevelt House which Eleanor donated to the school in 1943. Rockefeller University is the first educational facility in the United States dedicated to biomedical research.
Memorial Sloan-Kettering Cancer Center on York Avenue between 67th and 68th streets is a world famous cancer care institution. Lenox Hill Hospital began life as the German Dispensary in 1857 and now provides 652 non-profit beds for primary care patients and emergency situations. Lenox Hill residents are scarcely wanting for attention from the many small private practices in the area.
Lenox Hill is part of the 19th Precinct, which had a low crime rate of 9.14 per 1,000 residents in 2015.
Things to do
The Central Park Zoo is just across 5th Avenue from Lenox Hill and the Metropolitan Museum of Art is only a few steps away. The Frick Collection, the Italian Renaissance-dominated art of coke and steel baron Henry Clay Frick, at the corner of 5th Avenue and East 70th Street is one of the jewels of the New York City art scene - and it is not even a particular standout among its high-octane museum neighbors.
Night life here usually means fine dining, not clubbing, and a cornucopia of options await. The Cafe Carlyle has been a bastion of supper club elegance since the 1950s. Woody Allen often sits in with the jazz band at The Carlyle. "If you have to ask, you can't afford it" is the password in many of the world-class boutiques and emporiums for fashionable shoppers in Lenox Hill.
John Jay Park is known primarily for its public bath house which has operated since 1906. St. Catherine's Park was designed to be a copy of the Santa Maria sopra Minerva churchyard in Rome where the remains of St. Catherine lie. This block between 67th Street and 68th Street also serves as a gathering spot for fitness enthusiasts using the running track, basketball courts and handball courts.