Share

POLL: Would you spend $500K for a down payment in Manhattan?

6sqft has previously shared data that it only makes sense to buy a home in New York City after havin

6sqft has previously shared data that it only makes sense to buy a home in New York City after having lived here for 18.2 years, longer than anywhere else in the nation by a long shot. When and if that time comes, Manhattanities are looking to drop an average of $500,000 for a downpayment, according to a new report from Property Shark. To put this figure into perspective, the average price nationwide to buy an entire home is $300,000. And in the Manhattan luxury market, the median down payment is a whopping $3.15 million, which might explain why, according to 2014 census data, only […]

POLL: Would you spend $500K for a down payment in Manhattan? : 6sqft