These are the most expensive neighborhoods in NYC

New York City’s spring housing market broke records, but it’s not blowing minds.

Hudson Yards on Manhattan’s far west side is the city’s most expensive neighborhood — again.

A whopping $5.95 million median sale price there continued the tower-filled enclave’s six-year winning streak. The similarly well-heeled Manhattan neighborhoods of Tribeca and Soho took second and third places, respectively, but several Brooklyn nabes are catching up.

The ranking of the top 50 most expensive neighborhoods in New York City, which excludes Staten Island and The Bronx, is compiled quarterly by PropertyShark. The data portal compared city sales records between April 1 and June 30 of 2024 to the same period this year. 

Citywide sales overall, the report found, went gangbusters. Sales increased 4% year-over-year to reach an all-time high median sale price of $799,000 this spring.

Hudson Yards, as per usual, outperformed its peers. A relatively limited number of transactions in the lofty neighborhood carried the team. Just seven properties sold in the second quarter of this year, compared to five last year. Thanks to astronomical price tags, however, sales in Hudson Yards outstripped the runner-up neighborhood by $1.8 million.

This spring saw Tribeca earn its highest prices in six years and second place on PropertyShark’s ranking. Tribeca’s median sale price soared annually by 43% to $4.15 million. The cultural hub was knocked off the podium earlier this year by rip-roaring sales in Little Italy. Tribeca’s impressive 105 sales — a more than 50% increase from last year’s spring sales — allowed it to regain silver.

Elsewhere in Lower Manhattan, Soho sales hit median prices of $3.68 million across 32 sales.

A total of 39 neighborhoods notched median sales north of $1 million, and five neighborhoods rose well over the $2 million mark. Despite Brooklyn putting up fewer sales and lower prices this year, the borough of Kings claimed the same number of neighborhoods in the top 50 as Manhattan.

Brooklyn’s priciest spot, Columbia Street Waterfront District, is a newbie to the rankings, but placed sixth citywide with a median sale price of $1.92 million across 12 spring sales.

Nearby, sedate Carroll Gardens saw a 32% decrease in median sales price down to $1.33 million. This was despite putting up NYC’s highest increase in sales at 129% — a sign that Carroll Gardens prices may be entering into alignment with buyers’ wallets.

The high-priced Manhattan Beach, on the other hand, boasted the city’s sharpest rise with 197% price growth to a median of $1.47 million. Most homes there recently sold for more than $1 million.

Sales in Queens, which made up a third of city transactions last quarter, remained largely flat in terms of pricing. Fresh Meadows, a family-friendly nabe, rejoined the ranking as Queens’ priciest neighborhood at $1.15 million, largely thanks to single-home sales.