---
title: "$5 Million Homes for Sale in NYC"
description: "507 New York homes between $5 million and $10 million. The range where four bedrooms becomes the norm, and where more rooms costs less per square foot rather than more."
url: "https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m"
source: "Real Estate Rebate Team"
---

Real Estate Rebate Team


Licensed Broker NY & NJ · License: 10491211335


New York City · $5 Million to $10 Million

# New York Homes From $5 Million to $10 Million

507 homes listed between $5 million and $10 million. This is the range where a family-size home stops being an exception, and where the price per square foot falls as the bedroom count rises.


## Showing 507 homes from $5 million to $10 million


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


###


Buyer Advantage Est.


## The range where four bedrooms becomes normal


Between $2 million and $5 million, 39 per cent of homes have two bedrooms and 24 per cent have four or more. Cross into $5 million and those numbers become 14 and 53. This is the price range where the four-bedroom home crosses half of inventory and the two-bedroom effectively leaves the market.

What makes it worth its own page is the direction of the price. Inside this one price range the median asking price moves barely ten per cent from the two-bedroom homes to the five-bedroom ones, while the median home more than doubles in size and the square foot itself costs less than half as much. More rooms here is not a premium. It is a different kind of building in a different part of the city.

The price range is 89 per cent Manhattan and the most evenly split of the four on age: 51 per cent built before 1945 and 33 per cent since 2010. Below it sits [$2 million to $5 million](https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/2m-to-5m); above it, [$10 million to $20 million](https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/10m-to-20m).


From two bedrooms to five, the median asking price rises about 10 per cent while the median home grows 144 per cent and the foot falls from $3,157 to $1,467. The mechanism is in the last column: two-bedroom homes at this budget are almost all apartments in prime buildings, and 60 per cent of the five-bedroom homes are whole houses.

Market snapshot as of August 22, 2026. Median size and price per square foot are based on listings that report interior square footage.Bedrooms
Homes
Median asking price
Median size (sq ft)
Median $/sq ft
Houses & townhouses
Two
66
$6,492,500
2,005
$3,157
2%
Three
156
$6,635,000
2,523
$2,758
1%
Four
131
$6,950,000
3,139
$2,249
13%
Five or more
126
$7,125,000
4,889
$1,467
60%


Homes listed between $5 million and $10 million grouped by bedroom count, each row with the number of homes, the median asking price, the median size in square feet, the median price per square foot, and the share that are houses or townhouses.


Four bedrooms crosses half of inventory in this price range and never falls below it again. The two-bedroom home goes from the single most common layout in New York above $2 million to a rounding error one step up.

Market snapshot as of August 22, 2026. Percentages are based on listings that report a bedroom count.Price range
Two bedroom
Three bedroom
Four or more
$2M – $5M
39%
31%
24%
$5M – $10M
14%
32%
53%
$10M – $20M
2%
21%
77%
$20M and above
3%
6%
91%


The share of homes with two, three, and four or more bedrooms across the four price ranges above $2 million.


## What this means for a family-size search


The practical consequence is that at this budget you are usually choosing between a smaller home in a prime building and a much larger one a step outside it. Both cost about $6,772,500. One is 2,005 square feet at $3,157 a foot; the other is 4,889 square feet at $1,467.

That decision usually settles itself on how the home will be used rather than on the numbers. A pied-à-terre or a couple buying for the address is buying the foot. A family that needs the rooms is buying the space, and at this level that increasingly means a house, with a roof and a boiler and no building staff. 9 per cent of the five-bedroom homes here are co-operatives against 18 per cent of the three-bedroom ones, so the board question fades as the room count rises.

Carrying cost follows the same logic. The median condominium in this price range runs about $9,291 a month in common charges and property tax, and a house replaces that with a capital budget you write yourself. [See brownstones and townhouses](https://realestaterebatesnewyork.com/nyc-brownstones-townhouses-for-sale), or the [condo versus co-op guide](https://realestaterebatesnewyork.com/guides/condo-vs-coop-nyc).


BUYER FAQ
## Frequently asked questions

How much income do you need for a $5 million to $10 million home in NYC?+
At the $6,772,500 median for this range, 30% down leaves a loan near $4,740,750, roughly $29,966 a month at 6.5% over 30 years, with common charges and tax adding about $9,291. That is around $39,257 a month, and at the 30 per cent of gross that lenders look for, near $1,570,291 a year.

Buildings at this level frequently ask for more than a lender would. A co-operative board sets its own down-payment minimum and expects post-closing liquidity in years rather than months, so the building test is usually the binding one. Use the [mortgage calculator](https://realestaterebatesnewyork.com/calculators/mortgage-calculator) with your own figures.


How many bedrooms can you get for $5 million to $10 million in NYC?+
Four is the norm rather than the ceiling. 53 per cent of homes in this range have four bedrooms or more, and 126 of them have five or more.

The surprise is that the extra rooms do not cost much more in asking price. The median five-bedroom home here asks $7,125,000 against $6,492,500 for the median two-bedroom, but is 4,889 square feet rather than 2,005. What you give up is location and building type, not budget.


Why is the price per square foot lower on larger homes in this range?+
Because a five-bedroom home at this budget is usually a different kind of property in a different part of the city. 60 per cent of them are houses or townhouses, against 2 per cent of the two-bedroom homes, which are overwhelmingly apartments in prime buildings.

The per-foot figure is measuring the address and the building services as much as the floor area. A $3,157 foot in a full-service prime condominium and a $1,467 foot in a townhouse are not the same product, and the difference does not disappear at resale.


Is a townhouse better value than an apartment at this price?+
On floor area, clearly. On everything else it depends on what you are prepared to run. A townhouse has no board, no common charges and no neighbour above you, and it also has no building staff, no shared reserve fund and a roof that is entirely yours.

The gap per square foot widens further one price range up. Between $10 million and $20 million the median townhouse is 7,000 square feet at $1,955 a foot against 3,826 square feet at $3,647 for the median apartment, at almost the same asking price. [See $10 million to $20 million](https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/10m-to-20m).


Regis Roumila

Licensed Real Estate Broker · NY & NJ
NY DOS Licence10491211335
MembershipsREBNY & NAR Member
ExperienceOver 25 Years of Local Expertise


## Work with a licensed New York broker
Every eligible purchase in this range earns a Buyer Commission Share: half of the buyer-side commission actually received on the transaction, credited to you as Savings at Closing.

Around 507 homes sit between $5 million and $10 million today. Tell me how you plan to use it, whether primary residence, pied-à-terre, financed or all cash, and I will narrow that to the ones whose building rules and financials actually fit.
[Schedule a consultation](https://realestaterebatesnewyork.com/contact)[How the Buyer Advantage works](https://realestaterebatesnewyork.com/buyer-advantage)


Chat with us on WhatsApp


NEW YORK CITY


PROPERTY TYPE
$5M – $10M
BEDS
Filter
VIEW: LIST
SORT: NEWEST


[Residential·Greenwich Village, Manhattan
### 155 West 11th Street #12B, New York, NY 10011
2 Beds · 3 Baths · 2,203 sqft$9,999,000●ActiveEstimated Buyer Advantage$149,985*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/155-west-11th-street-12b-ny-10011)[Residential·Chelsea, Manhattan
### 109 West 26th Street #7AB, New York, NY 10001
5 Beds · 4 Baths · 4,400 sqft$6,000,000●ActiveEstimated Buyer Advantage$90,000*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/109-west-26th-street-7ab-ny-10001)[Residential·Lincoln Square, Manhattan
### 55 CENTRAL Park #7BCD, New York, NY 10023
5 Beds · 6 Baths$8,900,000●ActiveEstimated Buyer Advantage$133,500*Courtesy of Brown Harris Stevens Residential Sales LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10023/55-central-park-7bcd-ny-10023)[Residential·Upper East Side, Manhattan
### 205 East 85th Street #17D, New York, NY 10028
4 Beds · 5 Baths · 2,424 sqft$5,495,000●ActiveEstimated Buyer Advantage$82,425*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/205-east-85th-street-17d-ny-10028)[Residential·Midtown, Manhattan
### 230 West 56th Street #PHB, New York, NY 10019
3 Beds · 3 Baths · 1,856 sqft$5,450,000●ActiveEstimated Buyer Advantage$81,750*Courtesy of ICONIC PROS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/230-west-56th-street-phb-ny-10019)[Sponsor Residence·Residential·Greenwich Village, Manhattan
### 26 West 9th Street #PH-NORTH, New York, NY 10011
4 Beds · 5 Baths · 3,024 sqft$9,750,000●ActiveEstimated Buyer Advantage$146,250*Courtesy of Reuveni LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/26-west-9th-street-phnorth-ny-10011)[Residential·Lincoln Square, Manhattan
### 111 West 67th Street #26A, New York, NY 10023
4 Beds · 3 Baths · 2,656 sqft$5,995,000●ActiveEstimated Buyer Advantage$89,925*Courtesy of Douglas Elliman Real Estate](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10023/111-west-67th-street-26a-ny-10023)[Sponsor Residence·Residential·Greenwich Village, Manhattan
### 26 West 9th Street #MAISONETTE, New York, NY 10011
4 Beds · 4 Baths · 2,791 sqft$5,749,000●ActiveEstimated Buyer Advantage$86,235*Courtesy of Reuveni LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/26-west-9th-street-maisonette-ny-10011)[Residential·Tribeca, Manhattan
### 60 BEACH Street #6A, New York, NY 10013
2 Beds · 3 Baths · 2,297 sqft$5,495,000●ActiveEstimated Buyer Advantage$82,425*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/60-beach-street-6a-ny-10013)[Residential·Midtown East, Manhattan
### 432 Park Avenue #53B, New York, NY 10022
3 Beds · 3 Baths · 2,224 sqft$9,500,000●ActiveEstimated Buyer Advantage$142,500*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/432-park-avenue-53b-ny-10022)[Residential·Upper West Side, Manhattan
### 300 CENTRAL Park #PH19J, New York, NY 10024
3 Beds · 4 Baths · 2,800 sqft$9,250,000●ActiveEstimated Buyer Advantage$138,750*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/300-central-park-ph19j-ny-10024)[Residential·Greenwich Village, Manhattan
### 31 West 9th Street, New York, NY 10011
10 Beds · 7 Baths · 5,400 sqft$6,995,000●ActiveEstimated Buyer Advantage$104,925*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/31-west-9th-street-ny-10011)[Residential·Chelsea, Manhattan
### 362 West 19th Street, New York, NY 10011
4 Beds · 4 Baths · 3,300 sqft$9,995,000●ActiveEstimated Buyer Advantage$149,925*Courtesy of Serhant](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/362-west-19th-street-ny-10011)[Residential·Upper West Side, Manhattan
### 182 West 82nd Street #4E, New York, NY 10024
4 Beds · 4 Baths · 2,766 sqft$5,850,000●ActiveEstimated Buyer Advantage$87,750*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/182-west-82nd-street-4e-ny-10024)[Residential·Hell's Kitchen, Manhattan
### 438 West 44th Street, New York, NY 10036
7 Beds · 7 Baths · 4,480 sqft$6,500,000●ActiveEstimated Buyer Advantage$97,500*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/438-west-44th-street-ny-10036)[Residential·Lenox Hill, Manhattan
### 181 East 65th Street #9B, New York, NY 10065
3 Beds · 3 Baths · 1,722 sqft$5,250,000●ActiveEstimated Buyer Advantage$78,750*Courtesy of Sothebys International Realty](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/181-east-65th-street-9b-ny-10065)[Residential·Williamsburg, Brooklyn
### 171 Bedford Avenue, Brooklyn, NY 11211
8 Beds · 3 Baths · 6,044 sqft$7,500,000●ActiveEstimated Buyer Advantage$112,500*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/171-bedford-avenue-ny-11211)[Residential·Central Park South, Manhattan
### 110 Central Park #12AB, New York, NY 10019
5 Beds · 6 Baths · 4,275 sqft$9,975,000●ActiveEstimated Buyer Advantage$149,625*Courtesy of Sothebys International Realty](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/110-central-park-12ab-ny-10019)[Sponsor Residence·Residential·Tribeca, Manhattan
### 62 READE Street #5, New York, NY 10007
4 Beds · 5 Baths · 3,068 sqft$6,950,000●ActiveEstimated Buyer Advantage$104,250*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10007/62-reade-street-5-ny-10007)[Residential·Chelsea, Manhattan
### 555 West 22nd Street #7AW, New York, NY 10011
3 Beds · 4 Baths · 2,512 sqft$6,995,000●ActiveEstimated Buyer Advantage$104,925*Courtesy of CORE Group Marketing LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/555-west-22nd-street-7aw-ny-10011)[Residential·Tribeca, Manhattan
### 152 Franklin Street #6, New York, NY 10013
4 Beds · 4 Baths · 3,900 sqft$9,995,000●ActiveEstimated Buyer Advantage$149,925*Courtesy of Bespoke Real Estate LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/152-franklin-street-6-ny-10013)[Residential·Park Slope, Brooklyn
### 861 PRESIDENT Street, Brooklyn, NY 11215
5 Beds · 4 Baths · 1,080 sqft$5,995,000●ActiveEstimated Buyer Advantage$89,925*Courtesy of Serhant](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/861-president-street-ny-11215)[Residential·Upper West Side, Manhattan
### 225 West 86th Street #507, New York, NY 10024
4 Beds · 4 Baths · 2,255 sqft$5,350,000●ActiveEstimated Buyer Advantage$80,250*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/225-west-86th-street-507-ny-10024)[Residential·SoHo, Manhattan
### 72 Mercer Street #3E, New York, NY 10012
2 Beds · 3 Baths · 2,142 sqft$5,500,000●ActiveEstimated Buyer Advantage$82,500*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10012/72-mercer-street-3e-ny-10012)


Buyer savings estimates are illustrative only. Actual amounts vary and are subject to transaction terms, lender approval, applicable law and listing-side compensation.


RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

```json
{"@context":"https://schema.org","@type":"RealEstateAgent","@id":"https://realestaterebatesnewyork.com/#organization","name":"Real Estate Rebate Team","alternateName":"Real Estate Rebate NYC","url":"https://realestaterebatesnewyork.com","logo":"https://realestaterebatesnewyork.com/logo_black.png","image":"https://realestaterebatesnewyork.com/logo_black.png","description":"Real Estate Rebate Team is a licensed NYC residential brokerage helping buyers compare condos, co-ops, penthouses, townhouses, new developments, sponsor units, closing costs, mansion tax exposure, and potential buyer savings at closing.","email":"info@real-estate-rebate.com","telephone":"+1-315-514-0164","address":{"@type":"PostalAddress","streetAddress":"257 13th Street","addressLocality":"Brooklyn","addressRegion":"NY","postalCode":"11215","addressCountry":"US"},"geo":{"@type":"GeoCoordinates","latitude":40.6643,"longitude":-73.9904},"priceRange":"$$$","areaServed":{"@type":"City","name":"New York","@id":"https://en.wikipedia.org/wiki/New_York_City"},"sameAs":["https://www.facebook.com/profile.php?id=61550227271910","https://www.instagram.com/real_estate_rebate_team2023/","https://www.linkedin.com/in/real-estate-rebate-team-a8201526b/","https://x.com/Realrebate10011","https://www.tiktok.com/@realestaterebateteam"]}
{"@context":"https://schema.org","@type":"CollectionPage","@id":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m#collectionpage","url":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m","name":"$5 Million Homes for Sale in NYC | 507 Listings","description":"507 New York homes between $5 million and $10 million. The range where four bedrooms becomes the norm, and where more rooms costs less per square foot rather than more.","isPartOf":{"@id":"https://realestaterebatesnewyork.com/#website"},"publisher":{"@id":"https://realestaterebatesnewyork.com/#organization"}}
{"@context":"https://schema.org","@type":"ItemList","@id":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m#itemlist","name":"$5 Million Homes for Sale in NYC | 507 Listings","numberOfItems":24,"itemListElement":[{"@type":"ListItem","position":1,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/155-west-11th-street-12b-ny-10011","name":"155 West 11th Street #12B, New York, NY 10011"},{"@type":"ListItem","position":2,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/109-west-26th-street-7ab-ny-10001","name":"109 West 26th Street #7AB, New York, NY 10001"},{"@type":"ListItem","position":3,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10023/55-central-park-7bcd-ny-10023","name":"55 CENTRAL Park #7BCD, New York, NY 10023"},{"@type":"ListItem","position":4,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/205-east-85th-street-17d-ny-10028","name":"205 East 85th Street #17D, New York, NY 10028"},{"@type":"ListItem","position":5,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/230-west-56th-street-phb-ny-10019","name":"230 West 56th Street #PHB, New York, NY 10019"},{"@type":"ListItem","position":6,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/26-west-9th-street-phnorth-ny-10011","name":"26 West 9th Street #PH-NORTH, New York, NY 10011"},{"@type":"ListItem","position":7,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10023/111-west-67th-street-26a-ny-10023","name":"111 West 67th Street #26A, New York, NY 10023"},{"@type":"ListItem","position":8,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/26-west-9th-street-maisonette-ny-10011","name":"26 West 9th Street #MAISONETTE, New York, NY 10011"},{"@type":"ListItem","position":9,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/60-beach-street-6a-ny-10013","name":"60 BEACH Street #6A, New York, NY 10013"},{"@type":"ListItem","position":10,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/432-park-avenue-53b-ny-10022","name":"432 Park Avenue #53B, New York, NY 10022"},{"@type":"ListItem","position":11,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/300-central-park-ph19j-ny-10024","name":"300 CENTRAL Park #PH19J, New York, NY 10024"},{"@type":"ListItem","position":12,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/31-west-9th-street-ny-10011","name":"31 West 9th Street, New York, NY 10011"},{"@type":"ListItem","position":13,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/362-west-19th-street-ny-10011","name":"362 West 19th Street, New York, NY 10011"},{"@type":"ListItem","position":14,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/182-west-82nd-street-4e-ny-10024","name":"182 West 82nd Street #4E, New York, NY 10024"},{"@type":"ListItem","position":15,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/438-west-44th-street-ny-10036","name":"438 West 44th Street, New York, NY 10036"},{"@type":"ListItem","position":16,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/181-east-65th-street-9b-ny-10065","name":"181 East 65th Street #9B, New York, NY 10065"},{"@type":"ListItem","position":17,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/171-bedford-avenue-ny-11211","name":"171 Bedford Avenue, Brooklyn, NY 11211"},{"@type":"ListItem","position":18,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10019/110-central-park-12ab-ny-10019","name":"110 Central Park #12AB, New York, NY 10019"},{"@type":"ListItem","position":19,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10007/62-reade-street-5-ny-10007","name":"62 READE Street #5, New York, NY 10007"},{"@type":"ListItem","position":20,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/555-west-22nd-street-7aw-ny-10011","name":"555 West 22nd Street #7AW, New York, NY 10011"},{"@type":"ListItem","position":21,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10013/152-franklin-street-6-ny-10013","name":"152 Franklin Street #6, New York, NY 10013"},{"@type":"ListItem","position":22,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/861-president-street-ny-11215","name":"861 PRESIDENT Street, Brooklyn, NY 11215"},{"@type":"ListItem","position":23,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10024/225-west-86th-street-507-ny-10024","name":"225 West 86th Street #507, New York, NY 10024"},{"@type":"ListItem","position":24,"url":"https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10012/72-mercer-street-3e-ny-10012","name":"72 Mercer Street #3E, New York, NY 10012"}]}
{"@context":"https://schema.org","@type":"FAQPage","@id":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m#faq","mainEntity":[{"@type":"Question","name":"How much income do you need for a $5 million to $10 million home in NYC?","acceptedAnswer":{"@type":"Answer","text":"At the $6,772,500 median for this range, 30% down leaves a loan near $4,740,750, roughly $29,966 a month at 6.5% over 30 years, with common charges and tax adding about $9,291. That is around $39,257 a month, and at the 30 per cent of gross that lenders look for, near $1,570,291 a year. Buildings at this level frequently ask for more than a lender would. A co-operative board sets its own down-payment minimum and expects post-closing liquidity in years rather than months, so the building test is usually the binding one. Use the mortgage calculator with your own figures."}},{"@type":"Question","name":"How many bedrooms can you get for $5 million to $10 million in NYC?","acceptedAnswer":{"@type":"Answer","text":"Four is the norm rather than the ceiling. 53 per cent of homes in this range have four bedrooms or more, and 126 of them have five or more. The surprise is that the extra rooms do not cost much more in asking price. The median five-bedroom home here asks $7,125,000 against $6,492,500 for the median two-bedroom, but is 4,889 square feet rather than 2,005. What you give up is location and building type, not budget."}},{"@type":"Question","name":"Why is the price per square foot lower on larger homes in this range?","acceptedAnswer":{"@type":"Answer","text":"Because a five-bedroom home at this budget is usually a different kind of property in a different part of the city. 60 per cent of them are houses or townhouses, against 2 per cent of the two-bedroom homes, which are overwhelmingly apartments in prime buildings. The per-foot figure is measuring the address and the building services as much as the floor area. A $3,157 foot in a full-service prime condominium and a $1,467 foot in a townhouse are not the same product, and the difference does not disappear at resale."}},{"@type":"Question","name":"Is a townhouse better value than an apartment at this price?","acceptedAnswer":{"@type":"Answer","text":"On floor area, clearly. On everything else it depends on what you are prepared to run. A townhouse has no board, no common charges and no neighbour above you, and it also has no building staff, no shared reserve fund and a roof that is entirely yours. The gap per square foot widens further one price range up. Between $10 million and $20 million the median townhouse is 7,000 square feet at $1,955 a foot against 3,826 square feet at $3,647 for the median apartment, at almost the same asking price. See $10 million to $20 million."}}]}
{"@context":"https://schema.org","@type":"BreadcrumbList","@id":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://realestaterebatesnewyork.com/"},{"@type":"ListItem","position":2,"name":"Buy","item":"https://realestaterebatesnewyork.com/buy"},{"@type":"ListItem","position":3,"name":"Multi-Million Dollar Homes for Sale in NYC","item":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc"},{"@type":"ListItem","position":4,"name":"New York Homes From $5 Million to $10 Million","item":"https://realestaterebatesnewyork.com/buy/multi-million-dollar-homes-nyc/5m-to-10m"}]}
```