Excerpt from article link at bottom of blog

"Housing prices in Battery Park City have increased 318 percent over the past decade, according to the most recent figures from real-estate appraisal firm Miller Samuel. That's much better than the rest of the Manhattan market; the price of condos Manhattan-wide rose only 153 percent during that same time period. The Trade Center redevelopment "The Freedom Tower" will only add value. Prices in Batter Park are slightly lower than comparable condos in other Manhattan Neighborhoods. The common charges and "PILOT" are taken in to consideration."

CORRECTION ON PRICE RANGE

Studio $680K-800K
1 BDRM $830K-$1.0 million
2 BDRM $1.3million-$2.5 million
3 BDRM $1.9million-$3.0 million

CAREA-Chinese American Real Estate Association

As a Prudential Douglas Elliman real estate agent--Whoo! long title, I've registered for some interesting networking organzations. Last night I attended a networking event for CAREA in Battery Park, NYC. I arrived in the area about an hour early because I enjoy roaming around areas and I must say I was quite surprised that such a quiet serene place could exist in NYC. There were many new developments, luxury apartments up for rent.(Starting from 350K up to about 1.2million) Not far from the West Side highway and an awesome view of the Statue of Liberty. I saw many young/new parents with their strollers, toddlers and dogs (it was a nice day), but the layout of that land, I feel is what makes it feel almost like a residential/suburban community. I have yet to do my research on what is expected in terms of the real estate market in that area...but what I found intriguing about the new developments is that they are "Green" buildings-developed with Environmental safety in mind.

Will keep you posted on my findings. If you are interested in touring the apartments/buildings or just on learning more about it. Feel free to email me at

gisselle.nunez@prudentialelliman.com

Related blog:

http://activerain.com/blogsview/38615/Manhattan-Neighborhood-Market-Report