The Impact of Hudson River Park on Property Values

September 22, 2008



Friends of Hudson River Park’s study, “The Impact of Hudson River Park on Property Values” found that the Park was directly responsible for 20% of the increase in value to properties in Greenwich Village within an adjacent three blocks, with effects taking place as soon as Park construction became visible. This landmark 2008 study confirmed the Park’s value as a community investment, which provides the public with open-space, recreation facilities and waterfront access.

Read the Executive Summary

Read the Full Report


”The Impact of Hudson River Park on Property Values” in The New York Times

Aug 21, 2010
Friends’ Policy Work Strikes A Chord With The New York Times
On Saturday, August 21, The New York Times published Friends of Hudson River Park Executive Director A.J. Pietrantone’s letter, which called for policy makers “...to re-examine investments in parks throughout the city as a catalyst for economic development linked to an improved quality of life for all New Yorkers.” Read More

March 12, 2010
New York Times Cite Friends’ Study on Park and Property Values
Today The New York Times Real Estate section article cited Friends of Hudson River Park’s study, “The Impact of Hudson River Park on Property Values”, in an article examining how well maintained parks can stimulate real estate value. Read More

September 25, 2008
Does Hudson Greenway Raise Greenbacks?
“It takes a park to raise property values,” writes The New York Times today in its report on Friends of Hudson River Park’s newly released study, “The Impact of Hudson River Park on Property Values”. Read More