The 10 most expensive NYC neighborhoods to live in right now, ranked

Libertina Brandt

Oct 18, 2019, 18:37 IST

The 10 most expensive NYC neighborhoods to live in right now, ranked

Alexander Spatari/Getty Images
SoHo is one of the priciest neighborhoods in New York City.

Real-estate data provider PropertyShark's latest report found that Hudson Yards is the most expensive neighborhood in New York City as of the end of the third quarter in 2019.
The report also shows that in Q3, each of the 10 most expensive neighborhoods in NYC had a median sale price over $1.4 million.
Only two neighborhoods in Brooklyn made the top 10 while Manhattan dominated the list with eight neighborhoods.
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A recent report from real-estate data provider PropertyShark reveals that, as of the end of the third quarter in 2019, each of the 10 most expensive neighborhoods in New York City had a median sale price higher than $1.4 million.

According to the report, Hudson Yards is now officially New York City's most expensive neighborhood, with a median sale price of nearly $5 million. The new $25 billion neighborhood kicked Tribeca out of the No. 1 spot for the first time in seven quarters, PropertyShark reported.

Keep reading for a list of the top 10 most expensive neighborhoods in NYC right now, ranked from lowest to highest median sale price.

10. Carroll Gardens was one of only two Brooklyn neighborhoods to make the cut.

9. The Flatiron District had the second-most transactions in Q3 among the top ten.

8. The Lower East Side saw the most transactions in Q3 and its median sale price grew 87% year-over-year.

7. Cobble Hill, the only other Brooklyn neighborhood on the list, saw a 102% year-over-year increase in median sale price.

6. The Garment District saw the sharpest decline, with its median sale price falling 36% year-over-year.

5. SoHo also saw a a steep drop, with its median sale price falling 35% year-over-year.

4. Little Italy recorded the fewest transactions in Q3.

3. Hudson Square saw an 8% year-over-year increase in median sale price.

2. Tribeca fell from the top spot for the first time in seven quarters.

1. Hudson Yards was the priciest NYC neighborhood in Q3 by a wide margin — its median sale price was more than double Tribeca's.

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