Commentary

What Can You Buy for the Price of One SoHo Apartment?

It is far from a secret that purchasing a home in New York City is an expensive feat. The average home in the United States will set you back $179,000, according to Zillow; the average home in the five boroughs costs just under $600,000. But in Manhattan’s SoHo, home to a bustling high-end shopping era, scores of excellent restaurants, and converted warehouse apartments, the price is much higher: almost $3 million ($2,912,792) for the average home, according to Zillow’s estimates. In fact, the real estate data company ranks SoHo as among the most expensive ZIP codes in the entire country, behind only a handful of incredibly pricey California and coastal Florida neighborhoods.

Read more at CityLab.