What does all the land in Manhattan cost?

According to a report published by three Rutgers economists, land prices in Manhattan have risen 15.8% per year since 1993 and, if you go all the way back to Dutch settlement in 1626, there’s been a 6.4% annual rate of return.  Not a bad investment.

Article can be found here.

 


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Digs Realty is a full-service residential brokerage company specializing in home purchases and sales in New York City. Clients working with Digs on a purchase are eligible for a rebate of up to 2% of the purchase price and clients working with Digs on a sale are eligible for commission discounts.
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