The news is awash with stories of skyrocketing real estate prices across the United States. Between January 1, 2017, and October 1, 2024, the median national sales prices for residential properties surged by an astonishing 74%, according to Redfin. That firm also reports that since the onset of the COVID-19 pandemic in March 2020, prices have climbed an impressive 51%. Yet, amidst this national surge, Manhattan's real estate prices have remained flat, increasing by only 3% since January 2017. This stagnation positions Manhattan as an undervalued market with substantial growth potential.