Hell's Kitchen
West of Eighth Avenue through the West 40s and 50s — new-development rentals and boutique condominiums.
What Hell's Kitchen is selling for
Movement of the annual median — not adjusted for transaction mix. Which apartments happened to trade (size, floor, condition, line) moves these as much as value does; the sample behind each is shown beneath it.
Two markets, one neighborhood. Since 2016, Hell's Kitchen condos are down 11% and co-ops down 8% on paper — but after inflation, −33.5% and −31.1% in real terms.
Movement of the annual median — not adjusted for transaction mix. Which apartments happened to trade (size, floor, condition, line) moves these as much as value does; the sample behind each is shown beneath it.
Method. Condos are measured per square foot, co-ops per room (room counts from listing data; sales without a usable room count are excluded). The percentages are movement of the annual median — not a constant-quality or repeat-sale index — so transaction mix moves them as well as value. Real-terms figures deflate that same median by CPI.
Coverage. 2,777 recorded sales. Before the figures above, 33 non-arms-length transfers (nominal estate, gift, or intra-family deeds and mis-recorded bulk filings) and 9 duplicate records of the same deed (a combined apartment or penthouse recorded under more than one unit label) were removed. Corridors may overlap — a sale can appear in both a neighborhood set and a narrower avenue set. Recorded transfers via NYC Department of Finance, enriched by The Roebling Research Library.
Buildings on Hell's Kitchen
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