New York City is expensive — but not that expensive compared to Monaco, Hong Kong and five other cities

A New York luxury apartment is a pipe dream for most of us — but the city didn’t even crack the top five most expensive places to buy a pricey home.

The most expensive homes in New York City average between $2,030 and $2,240 per square foot — making Gotham eighth on the worldwide list.

Tiny Monaco leads the way, with high-end residences ranging between $5,350 and $5,920 per square foot. Rounding out the top seven is Hong Kong, London, Geneva, Paris, Singapore, and Moscow, according to a report by Knight Frank, a London property consultancy.

Read more