Morningside Heights Real Estate Market Trends

Market Overview for August, 2023


Median Sale Price

$720K

-34.5% YoY


Median Price/Sqft

$900

-39.5% YoY


No. of Transactions

30

30.4% YoY

Manhattan Median Sale Price

$998K

-15% YoY

What is the median sale price and median price per sq ft in Morningside Heights?
The median home sale price in Morningside Heights as of August was $720K, down 34.5% year-over-year. A total of 30 assets were sold, representing a 30.4% growth compared to August last year. The median price per square foot was $900, a -39.5% YoY change. In August, the median home sale price in Manhattan was $998K.

Morningside Heights Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Morningside Heights

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Top most expensive neighborhoods in Manhattan

Morningside Heights median price compared with other neighborhoods in Manhattan

Property values in Morningside Heights are lower compared to the borough of Morningside Heights overall.




Morningside Heights median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Central Park South Manhattan $6,250,000
Hudson Yards Manhattan $6,164,125
SoHo Manhattan $2,946,750
Hudson Square Manhattan $2,695,000
TriBeCa Manhattan $2,495,000
Flatiron District Manhattan $2,150,000
NoMad Manhattan $2,129,763
Chinatown Manhattan $1,862,500
NoHo Manhattan $1,790,500
Carnegie Hill Manhattan $1,650,000
Two Bridges Manhattan $1,500,827
Garment District Manhattan $1,350,000
Greenwich Village Manhattan $1,255,000
NoLIta Manhattan $1,225,000
Lenox Hill Manhattan $1,172,500
Central Midtown Manhattan $1,170,000
Lincoln Square Manhattan $1,160,000
West Village Manhattan $1,150,000
Upper West Side Manhattan $1,057,500
Financial District Manhattan $1,045,000
Kips Bay Manhattan $979,000
Civic Center Manhattan $940,000
Battery Park City Manhattan $905,112
Gramercy Park Manhattan $900,000
Sutton Place Manhattan $835,000
Lower East Side Manhattan $810,000
East Village Manhattan $800,000
Yorkville Manhattan $792,000
Murray Hill Manhattan $787,500
Clinton - Hell's Kitchen Manhattan $755,000
Manhattan Valley Manhattan $723,500
Morningside Heights Manhattan $720,000
Chelsea Manhattan $718,750
Harlem Manhattan $707,500
Turtle Bay Manhattan $699,000
East Harlem Manhattan $590,000
Koreatown Manhattan $560,000
Tudor City Manhattan $489,000
Inwood Manhattan $384,000
Washington Heights Manhattan $370,000
Theatre District - Times Square Manhattan $225,000

Residential Properties Sold in Morningside Heights

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.3M 3.6% $1K -2.4% 0
Coops $510K -34.8% $707 - 0
Houses - - - - 0

The median condo price in Morningside Heights in August was $1.3M, up 3.6% year-over-year. Median coop sale price in Morningside Heights were $510K, a change of -34.8% year-over-year. There was no statistically significant data for median house sale price activity for the period of August in Morningside Heights.

See also

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Morningside Heights Neighborhood Guide

This is New York City's "college town" - both figuratively and literally. In 1896 when Columbia University decided it needed more room than its original 49th Street location afforded, this is where the administrators bought land for a new main campus. Columbia still owns most of Morningside Heights. Meanwhile a host of educational institutions have moved in as neighbors: Barnard College, Teachers College, Manhattan School of Music, Bank Street College of Education and an array of theological seminaries. You don't have to be a teacher or student to live in Morningside Heights, but you will need to be good-humored about the pervasive presence of Big Education. There are still remaining bastions of `heritage residents' who watch the parade of students come and go each year and they contribute the sinew that binds this neighborhood together.

Architecture and landmarks

The Cathedral of Saint John the Divine, a massive Gothic Revival house of worship, is the architectural star of Morningside Heights. The cathedral is considered the fourth largest Christian church in the world. The General Grant National Memorial, familiarly known as Grant's Tomb, is the final resting place of Ulysses S. Grant and his wife, Julia. The Columbia University campus was designed in a Beaux Arts style by McKim, Mead and White, the city's most celebrated architectural firm of the Gilded Age. Low Plaza, designed to mimic a Greek amphitheater, is one of the greatest urban spaces in all of New York City. The adjoining Low Memorial Library boasts America's largest all-granite dome. Butler Library, which replaced Low as the main campus book depository in 1934, features some of the most impressive Ionic colonnades in all of academia. St. Paul's Chapel is a designated New York City landmark and favored space for nondenominational events. Notable off-campus sites include The West End Bar "Where Columbia Had Its First Beer" in 1911 and the writers and thinkers of the Beat Generation gathered in the mid-20th century. At Broadway and 112th Street is Tom's Restaurant, whose exterior was the staging shot for the iconic diner conversation scenes in Seinfeld.

Transport

There are plenty of options to shuttle students to class and residents to work. Subway riders can board the No. 1 train under Broadway at 110th, 116th and 125th streets. Along Frederick Douglass Boulevard run the A, B, C, and D trains. Five bus lines travel north-south through Morningside Heights and another three run crosstown.

Schools

The Margaret Douglas School, P.S. 36, and the Ralph Bunche School, P.S. 125, are the only zoned public schools serving Morningside Heights. Both are elementary schools. Older students can attend the public Columbia Secondary School or the Kipp Star College charter school. There are several private schooling options in the neighborhood.

Health

St. Luke's Hospital moved with Columbia University to Morningside Heights in 1896 and built one of the city's most ornate care facilities. St. Luke's merged with Roosevelt Hospital in 1979 to create one of New York's most extensive treatment centers. Today St. Luke's-Roosevelt Hospital is part of the Mt. Sinai care system, which is the largest in New York City.

Safety

St. Luke's Hospital moved with Columbia University to Morningside Heights in 1896 and built one of the city's most ornate care facilities. St. Luke's merged with Roosevelt Hospital in 1979 to create one of New York's most extensive treatment centers. Today St. Luke's-Roosevelt Hospital is part of the Mt. Sinai care system, which is the largest in New York City.

Things to do

Enjoy the trappings of a great university in your midst - bookstores, cafes and diverse international-flavored events. You will find yourself falling into the rhythms of college life as you browse the treasures in Labyrinth Books, linger for hours in the Hungarian Pastry Shop or stand in line for a two-hands-required gargantuan slice of Koronet Pizza's best pies. Don't forget to check out the campuses that are not named Columbia.

There is public art at Barnard College and live peacocks roaming the grounds of St. Johns. The Nicholas Roerich Museum on 107th Street stands as a tribute to the Russian painter and mystic who dedicated his life to peace and preserving art and architecture in a war-torn 20th century world.

Much of the boundaries of Morningside Heights are defined by parks, Riverside Park to the west and Morningside Park to the east. Columbia's leafy campus is open for strolling as well. Sakura Park beside Riverside Church takes its name from the Japanese word for "cherry blossom" which is apt since many of the 2,000 cherry trees donated to New York City from Japan in 1912 ended up here.