A new report shows stark differences in how homes are purchased across NYC. While 60% of Manhattan sales so far in 2025 were all-cash—especially in luxury areas like Noho and Central Park South—outer boroughs rely more on financing. Staten Island saw 77% of sales with mortgages, followed by the Bronx (60%), Queens (67%), and Brooklyn (66%), despite rising prices. Cash buyers are also dominant in sub-$250K deals, often investors or longtime locals. Meanwhile, a Bay Ridge mansion listed for $25 million—triple the neighborhood’s record—has raised eyebrows. In Manhattan, a Plaza condo tied to Frank Lloyd Wright sold for $18.9 million.
Noho and Central Park South
