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Real Estate In This NYC Neighborhood Is Worth More Than All of New Hampshire's


more than several states including New Hampshire, South Dakota, and Wyoming. The Upper West Side, home of the famous Dakota apartment building (where John Lennon lived and Rosemary’s Baby was set), is worth more than all the real estate in either of the ...


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Real Estate In This NYC Neighborhood Is Worth More Than All of New Hampshire's Subscribe Search Subscribe Search Close Home Everyday Money Retirement Family Finance Careers Real Estate Investing Travel Money 101 Best Places To Live Best Colleges Best in Travel Best Banks Best Cell Phone Plans Best Credit Cards MONEY 50: The Best Mutual Funds Mastering the Journey Smart Choices Looking Forward Road To Wealth Ultimate Retirement Guide TIME LIFE Motto The Daily Cut Newsletters Subscribe Give a Gift Feedback RSS Advertising Reprints and Permissions Help Customer Service Stay Connected Real Estate home prices Real Estate In This NYC Neighborhood Is Worth More Than All of New Hampshire's Brownstones on the Upper East Side, New York City Patti McConville—Alamy By Ian Salisbury July 9, 2015 New Yorkers are known for their not-so-subtle indifference to the rest of countryJust think of that famous cartoon, where beyond the Hudson River, a featureless expanse fades into the the Pacific Ocean and a distant sliver marked Japan. When you view the country through the lens of real estate values, New Yorkers’ view seems crazily close to the mark, at least according to data compiled by Metrocosm, a website run by real estate researcher and New Yorker (of course) Max Galka. According to Galka’s calculations, New York City’s 305 square miles, which amount to less than one one-thousandth of the nation’s land mass, are valued at about $1.5 trillion, 5% of the $33 trillion value of the entire nation’s real estate. Looked at another way, only three states beside New York State itself—California, Florida, and Texas— have total real estate values higher than Gotham’s. The Upper East Side, essentially a handful of tony blocks adjacent to Central Park, is itself worth about $96.5 billion, according to Galka, more than several states including New Hampshire, South Dakota, and WyomingThe Upper West Side, home of the famous Dakota apartment building (where John Lennon lived and Rosemary’s Baby was set), is worth more than all the real estate in either of the actual Dakotas. Overall, Manhattan real estate is worth about $733 billion, in line with all the properties in Ohio, Michigan, and Georgia. SPONSORED FINANCIAL CONTENT You May Like Stories From Read More Sign Up for Our Newsletters Sign up to receive the latest updates and smartest advice from the editors of MONEY SUBSCRIBE (function (i,d,s,o,m,r,c,l,w,q,y,h,g) { var e=d.getElementById(r);if(e===null){ var t = d.createElement(o); t.src = g; t.id = r; t.setAttribute(m, s);t.async = 1;var n=d.getElementsByTagName(o)[0];n.parentNode.insertBefore(t, n); var dt=new Date().getTime(); try{i[l][w+y](h,i[l][q+y](h)+'&'+dt);}catch(er){i[h]=dt;} } else if(typeof i[c]!=='undefined'){i[c]++} else{i[c]=1;} })(window, document, 'InContent', 'script', 'mediaType', 'carambola_proxy','Cbola_IC','localStorage','set','get','Item','cbolaDt','//route.carambo.la/inimage/getlayer?pid=tmnc11&did=112752&wid=0&rdn=[RANDOM_NUMBER]') EDIT POST Subscribe & Save Subscribe today and save 72% off the cover price. SUBSCRIBE NOW Sign Up for Our Newsletters Sign up to receive the latest updates and smartest advice from the editors of MONEY SUBSCRIBE Home Everyday Money Retirement Family Finance Careers Real Estate Travel Money 101 Best Places To Live Best Colleges Best in Travel Best Banks Best Cell Phone Plans Best Credit Cards MONEY 50: The Best Mutual Funds Mastering the Journey Smart Choices Looking Forward Road To Wealth Ultimate Retirement Guide TIME LIFE Motto The Daily Cut Newsletters Feedback RSS Advertising Reprints and Permissions Help Customer Service Site Map Subscribe Give a Gift Privacy Policy Ad Choices Terms of Use Your California Privacy Rights Careers

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