We walked downtown and uptown along Park Ave.since it was centally located. Her realtor just said it is getting really "hot" since Chelsea and the other areas are now finacially untouchable and values are no longer good. I am definitely thinking about relocating there.
One of the interesting after effects of the recession is that the East Side north of Gramercy performed much worse. As the neighborhoods had a lot of studios and 1 bedrooms vs. a mix there is a lot of inventory that drove prices down and has continued to keep them down. Additionally, a few neighborhoods did surprisingly well through the recession, one being Chelsea. The UWS also held up well, making Murray Hill and UES look that much cheaper than the rest of the city. Overall though, the city is basically flat on pricing to rising depending on area. Hope this helps,
Bond New York
That aside, I've recently sold several listings in Murray Hill in fact one just closed near the Midtown Tunnel (or 495) and one thing about the neighborhood that could explain your question is the large number of large buildings (therefore a lot of apartments in each building and some for sale in every one, nothing unusual). One reason people are drawn to MH is the convenience to many neighborhoods (for instance you can walk to work if you work in midtown and its a very quick hop to other destinations like Union Square, Greenwich Village, etc), the apartments in these 1960's buildings that populate the area are generally large, and the prices have tended to be reasonable compared to other areas of lower Manhattan. It really is a great place to look if you've been considering buying in the city and I'd be more than happy to share more about the neighborhood and explain more of the inside story on what's available there if you'd like to give me a call at 917-376-1648 or email me at firstname.lastname@example.org. Thanks much! Charlie Summers, VP, Bellmarc Realty
Bond NY Real Estate