The average New Yorker would need to save for 122 years to buy a Greenwich Village house, 104 years to buy a Midtown condo and 44 years to buy a coop in SoHo, according to a PropertyClub analysis released Monday.
"Homeownership is one of those classic American dreams," the analysis reads. "Though in recent years it's become just that — ."
ProportyClub's analysts crunched the numbers to find out how long it would take a household earning $64,000 a year — the city's median income in 2018 — to save up for a 20 percent down payment for a house, condo and coop.
While Manhattan took first place with its 122 wait for the Greenwich Village house, Brooklyn claimed four of the top five spots with a 116 years to save for a Brooklyn Heights house, 83 years saving for a Cobble Hill house, 63 years saving for a Park Slope house and 57 years waiting for a Boerum Hill House.
House-hunters without a century to spare might try Middle Village, Maspeth and Jamaica Hills in Queens or Marine Park in Brooklyn, all of which would require 14 years saving, according to the analysis.