◆ Updated · April 2026
Buying a home in New York
2026.
Average price 9,800 USD/m². For an 80 m² (~861 sq ft) apartment you need $784,000 plus savings of $235,200 for down payment and closing costs.
Summary: 80 m² (~861 sq ft) apartment in New York
- Average price per m²9,800 USD/m²
- Price of 80 m² (~861 sq ft) apartment$784,000
- Down payment (20%)$156,800
- Estimated closing costs (~10%)$78,400
- Total savings needed$235,200
Estimated monthly payment
Loan of $627,200 at 6.5% for 30 years
$3,964/mo
Calculated using French amortization: M = P × [r(1+r)^n] / [(1+r)^n − 1]
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