Lenox Hill Real Estate Market Trends

Market Overview for Quarter 1, 2021


Median Sale Price

$1.1M

-4% YoY


Median Price/Sqft

$1,169

-6% YoY


No. of Transactions

293

8% YoY

Manhattan Median Sale Price

$1M

-1% YoY

The median home sale price in Lenox Hill as of Quarter 1 was $1.1M, down 4% year-over-year. A total of 293 assets were sold, representing an 8% growth compared to Quarter 1 last year. The median price per square foot was $1,169, a -6% YoY change. In Quarter 1, the median home sale price in Manhattan 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.

Lenox Hill Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Lenox Hill

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Top most expensive neighborhoods in Manhattan

Lenox Hill median price compared with other neighborhoods in Manhattan

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




Lenox Hill median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,504,250
TriBeCa Manhattan $3,500,000
SoHo Manhattan $3,145,000
Hudson Square Manhattan $2,906,012
Civic Center Manhattan $2,780,000
NoLIta Manhattan $2,536,225
NoHo Manhattan $2,235,000
Central Park South Manhattan $2,147,500
Little Italy Manhattan $1,925,000
Garment District Manhattan $1,900,000
Flatiron District Manhattan $1,865,000
Chinatown Manhattan $1,733,179
NoMad Manhattan $1,587,000
Two Bridges Manhattan $1,582,955
Carnegie Hill Manhattan $1,497,500
West Village Manhattan $1,225,000
Greenwich Village Manhattan $1,175,000
East Village Manhattan $1,100,000
Gramercy Park Manhattan $1,100,000
Lenox Hill Manhattan $1,100,000
Upper West Side Manhattan $1,075,000
Lincoln Square Manhattan $1,070,000
Chelsea Manhattan $1,022,000
Theatre District - Times Square Manhattan $970,000
Financial District Manhattan $965,000
Sutton Place Manhattan $841,250
Yorkville Manhattan $819,000
Central Midtown Manhattan $805,000
Manhattan Valley Manhattan $800,000
Clinton - Hell's Kitchen Manhattan $779,500
Turtle Bay Manhattan $765,000
Battery Park City Manhattan $753,950
East Harlem Manhattan $750,000
Murray Hill Manhattan $750,000
Lower East Side Manhattan $728,000
Harlem Manhattan $705,000
Roosevelt Island Manhattan $676,551
Morningside Heights Manhattan $670,000
Koreatown Manhattan $645,000
Kips Bay Manhattan $607,000
Washington Heights Manhattan $580,000
Inwood Manhattan $532,000
Tudor City Manhattan $492,500

Residential Properties Sold in Lenox Hill

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.6M 0% $1K -2% 70
Coops $875K -11% $908 -4% 219
Houses $31.1M 172% $3K 54% 4

The median house sale price in Lenox Hill in Quarter 1 was $31.1M, up 172% year-over-year. However, median condo prices in Lenox Hill remained flat year-over-year at $1.6M. Median coop sale price in Lenox Hill were $875K, a change of -11% 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.

Transport

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).

Schools

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.

Health

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.

Safety

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.