Baby Boom in Manhattan: Suburbia in the Twenty First Century

By
Real Estate Agent with The Corcoran Group

Children's Playroom at The Boulevard Condop

Family Friendly Manhattan - Upscale Suburbia in New York City

Last week I was showing a 2 bedroom apartment on the Upper West Side to one of my buyer client's a couple with a new baby. The apartment was listed by an attorney/broker/owner who lived in the apartment with her husband and children. Their Asking price: $1,450,000 with monthly maintenance of $2215.

My client asked her if they were moving to the suburbs? She said Oh no we love it here we're buying a bigger apartment in the building and we don't need to sell this one first.

As we left the apartment and we were in the hall, my buyers said to me "we would be considered wealthy if we were looking in the suburbs, but here we feel poor". Then they asked me if I saw the article in The NY Times about Manhattan having the richest toddlers in the country. I hadn't seen the article yet but I live and work on the Upper West Side and sell real estate in Manhattan so it certainly was not a suprise. I hear from buyers all the time about the mansions they could buy in the suburbs but they want to live and raise their children in the city.

Any one who has been to Manhattan especially the Upper West Side in the last several years could not help noticing the cavalcade of baby strollers through out the city's broad sidewalks.

According to The NY Times article since 2000 according to census figures, the number of children under age five has increased by more than 32%. Children under 5 account for more than 1 in 20 Manhattan residents.

The analysis shows that Manhattan's toddlers are being raised by parents whose median income was $284,208 a year in 2005, which means they are growing up in wealthier households than similar youngsters in any other large county in the country.

Among families with toddlers, San Francisco ranked second, with a median income of $150,763, followed by Somerset, N.J. ($136,807); San Jose, Calif. ($134,668); Fairfield, Conn. ($132,427); and Westchester NY ($122,240).

The data from the NY Times study shows some very interesting demographic shifts.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
New York New York County Manhattan Upper West Side
Tags:
schools
baby boom
real estate
family friendly
manhattan

Spam prevention
Show All Comments
Rainer
111,289
Carole Cohen
Howard Hanna Cleveland City Office - Cleveland, OH
Realtor, ePRO
Children under 5 account for more than 1 in 20 Manhattan residents  is the statistic that stood out for me. Interesting Times article thanks for featuring the article for us, Mitchell.
Mar 31, 2007 05:17 PM #1
Rainmaker
514,361
Mitchell J Hall
The Corcoran Group - Manhattan, NY
Lic Associate RE Broker - Manhattan, NYC

Carole, There must be something in the water. lol

Leigh, Manhattan has become very family friendly. City folk are pretty boring it's the prices that are amazing.

Mar 31, 2007 09:11 PM #2
Rainer
29,649
Jessica Hughes
Ambiance Staging - Boulder, CO

Having children is back in style.  I just hope for their sake that their parents will be around for them; privilege is no substitute for love.

How cool would it be to grow up in Manhattan, the educational opportunities are amazing!  So much diversity, so many museums, historical sites, events. 

Apr 04, 2007 11:45 AM #3
Rainer
1,918
Donna McCrummen
Keller Williams Towne Square Realty - Bernardsville, NJ

I was born and raised and raised my daughter in NYC....Murray Hill to be exact....would love to see more about the old 'hood on your blogs Mitchell. We are all living in Arlington, VA now. Also a rather urban environment but well uh, no comparison to NY. My daughter is raising her 3 daughters here in the DC area and we love it. But still miss NYC. We were not over priveledged. Just hard working and city lovin'

Apr 13, 2007 03:35 PM #4
Rainmaker
514,361
Mitchell J Hall
The Corcoran Group - Manhattan, NY
Lic Associate RE Broker - Manhattan, NYC

Hi Donna,

I plan on writing a blog about Murray Hill it is still a very nice quiet neighborhood. I actually lived in Arlington VA when I was in college at American University. I love the DC area.

It is unfortunate that the city that always had a hard working city lovin middle class is becoming more and more of an island for the ultra wealthy.

Apr 13, 2007 11:06 PM #5
Rainer
1,918
Donna McCrummen
Keller Williams Towne Square Realty - Bernardsville, NJ

I'll be looking for the Murray Hill blog. It's a great neighborhood -- We still have tons of friends there and get back often.

DC is cool. We live in Berkshire/Oakwood in Arlington near the EFC metro. Tons of McMansions going up on tiny lots......

Apr 14, 2007 01:23 PM #6
Rainmaker
1,574,809
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Authentic Feng Shui Expert
Mitchell, that is so interesting that I found this today.  I was on the upper East Side (92nd St.) just yesterday in a beautiful two bedroom apartment.  Interesting that they had a young child and were planning on more---and I DID happen to notice a number of baby strollers!  Interesting post!
Apr 15, 2007 09:17 AM #7
Rainer
1,918
Donna McCrummen
Keller Williams Towne Square Realty - Bernardsville, NJ
LOL - I'm not sure why everyone is so surprised that there are babies in NYC. City dwellers are not all single sex in the city types...........
Apr 16, 2007 10:45 AM #8
Show All Comments
Rainmaker
514,361

Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC
How Can I Help You ?
*
*
*
Spam prevention

Additional Information