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The real cost of famous New York TV apartments

Nov 9 2016

In TV sitcoms, life in a New York City apartment – and all its colorful trappings – is the stuff of fantasy.

But in the real world, where prices for condos for New York apartments reach record-breaking levels each year, owning property in the West Village loft from “Friends” could require the salary of an A-list actor.

The average price of a Manhattan apartment exceeded $2 million in 2016, according to Douglas Elliman’s Q1 Manhattan sales report. The median resale price rose on a year-to-year basis from $885,000 to $950,000 in the first quarter of 2016.

“(The) real estate landscape has shifted so profoundly over the last two decades that this generation’s girl-about-town occupies a very different kind of space,” Ronda Kaysen writes in a September 2016 article in The New York Times. “And it is [space] that keeps shrinking.”

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