Prime Residential Ultra-prime city
Rank 03
New York Manhattan Ultra-Prime
The only US book with true $10m+ depth — 355 trades in 2025 — and inventory, not demand, is the constraint.
Photograph by Itrytohelp32, CC BY-SA 4.0, via Wikimedia Commons, resized
Why it is here
Savills prices New York prime at $2,610 psf / €24,300/sqm (Dec 2025). Knight Frank has the city +0.1% YoY to Q1 2026, with turnkey inventory remarkably low and the Upper East Side in a documented resurgence. The Real Deal’s deed screen recorded 355 Manhattan sales above $10m in 2025 (+43% YoY) at a $14.3m median (−9%); Olshan counted 126 such sales in the first 16 weeks of 2026 (+40%). Corcoran 2Q 2026: 3,477 signed contracts (+5%, five-year high) against 7,182 active listings (lowest Q2 in eight years). The new pied-à-terre tax is the live ownership caveat.
Who it is for
Dollar-based family offices and global principals who need a staffed Manhattan pied-à-terre or primary and will live with co-op boards or condo carrying costs.
Sources
- Prime Global Cities Index Q1 2026New York prime +0.1% YoY and −0.2% QoQ.
- The Wealth Report 2026New York prices up marginally; turnkey inventory remarkably low; UES resurgence. USD 1mn buys 34 sq m.
- World Cities Prime Residential Index 2026 forecast vs 2025 growthNY Dec 2025 prime $2,610 psf / €24,300 psm; 2025 growth +0.5%; 2026 forecast >0% to 1.9%.
- Manhattan Ultraluxury Sales Pricing Fell in 2025 From Year Prior355 Manhattan >$10m sales in 2025 (+43%); median $14.3m (−9%); Olshan 126 >$10m sales in first 16 weeks of 2026 (+40%).
- Manhattan Real Estate Market Report: 2Q 2026Contracts +5% YoY to 3,477 (5-year high); inventory 7,182 (lowest Q2 in 8 years); early softening at ultra-luxury after pied-à-terre tax.
