November 1 (Bloomberg)-- Manhattan's median apartment price rose 1.2 percent in the first quarter from a year earlier, the smallest quarterly gain in five years, appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said.
The median price of all co-ops and condominiums in Manhattan, the most expensive urban real estate market in the U.S., rose to $835,000. The growth was the slowest since the first quarter of 2002, said Jonathan Miller, president of Miller Samuel, the borough's largest appraiser. Units with four bedrooms or more surged 11 percent to a median $6.45 million, while studios, one-, two- and three-bedrooms fell by 1.2 percent to 2.8 percent.
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