Real Estate Edition

shutterstock_409249384-0The cheapest and priciest places to live on the island, based on price per square foot

via Curbed.com: we asked real estate research firm NeighborhoodX to train its focus on Staten Island to see how various neighborhoods on the island stack up—and the numbers show that when it comes to real estate prices, Staten Island is hardly one-size-fits-all.

 Rather than looking at median asking price—which NeighborhoodX felt would be skewed, given the myriad property types throughout the borough—the firm analyzed the asking price per square foot, and the asking price range, for 31 Staten Island neighborhoods for the month of April. (Excluded from the analyzation were foreclosures and short sales, affordable and age-restricted housing, properties positioned as development sites, and outlier properties with incomplete or contradictory information.)
Constantine Valhouli, co-founder of NeighborhoodX, reports that asking prices range from a low of $142 per square foot all the way up to $909 per square foot. The cheapest property, at $142/square foot, is located in Randall Manor. The priciest property is located in Rosebank, the firm found.

To put this in context, the highest price per square foot on the island is still significantly less than in Manhattan, where the median is $1,360, or Brooklyn, which hovers right around $1,000, according to Corcoran’s Q12017 reports. (Insert crying face emoji here.)

 The price ranges differ considerably depending on the product in each neighborhood, Valhouli says. “Certain neighborhoods with single-family houses may not appear as expensive when using price-per-square-foot, but given the large size of these houses, the median asking price would make it much more expensive,” he notes.

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