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

Soho

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SoHo is one of the priciest neighborhoods in New York City.

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.

Read more: 3 more Brooklyn neighborhoods just joined NYC's million-dollar neighborhood club - and it shows just how rapidly the city is pricing residents out

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

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

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

Borough: Brooklyn

Median sale price in Q3: $1,431,250

Number of transactions: 29

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

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

Borough: Manhattan

Median sale price in Q3: $1,440,000

Number of transactions: 84

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

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

Borough: Manhattan

Median sale price in Q3: $1,497,863

Number of transactions: 119

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

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

Borough: Brooklyn

Median sale price in Q3: $1,795,000

Number of transactions: 18

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

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

Borough: Manhattan

Median sale price in Q3: $1,985,000

Number of transactions: 7

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

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

Borough: Manhattan

Median sale price in Q3: $2,000,000

Number of transactions: 25

4. Little Italy recorded the fewest transactions in Q3.

4. Little Italy recorded the fewest transactions in Q3.

Borough: Manhattan

Median sale price in Q3: $2,100,000

Number of transactions: 5

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

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

Borough: Manhattan

Median sale price in Q3: $2,347,078

Number of transactions: 20

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

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

Borough: Manhattan

Median sale price in Q3: $2,408,255

Number of transactions: 72

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

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

Borough: Manhattan

Median sale price in Q3: $4,994,792

Number of transactions: 26

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