Radar Logic today began publishing daily residential price indices for eight Manhattan neighborhoods to help investors and real estate professionals focus returns and manage risk on real estate assets.
The daily price per square foot will be tracked in the Upper West Side, the Upper East Side, Midtown/Clinton, Murray Hill/Gramercy, Chelsea/West Village, East Village/Lower East Side, SoHo/Tribeca and the Financial District.
According to Radar Logic, these prices are calculated using data from condominium sales, which make up a sizable and increasing percentage of residential property transactions in Manhattan.
Radar Logic says it plans to expand neighborhood offerings to other metro areas in the near future.
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