Whether you’re in the market for a luxurious high-rise or just want a glimpse of the New York City’s bougiest real estate, we all love to get a good peek at the real estate elite. Here are 10 of the most expensive New York City neighborhoods.
Median sale price: $3,575,000
Coming in at the top of our list with a median sale price of $3.6 million, Tribeca is New York City’s most expensive neighborhood. Though the area has seen a 30% year-over-year decrease in the median sale price, it still reigns over other NYC neighborhoods in terms of real estate cost. Home to a thriving food scene with popular restaurants like The Odeon and Gunbae and historic, industrial buildings turned multi-million dollar lofts, it’s no surprise that A-listers like Jake Gyllenhaal, Justin Timberlake, and Jennifer Lawrence are drawn to this neighborhood.
Median sale price: $3,212,500
Though SoHo clocked a 5% in median sale price decrease year-over-year, it still ranks as the second most expensive NYC neighborhood with a median sale price of $3.2 million. Known for designer boutiques like Tibi and ARI, the Eden Fine Art gallery, and million-dollar penthouses, this Manhattan neighborhood is also a popular spot for artists in residence.
3. West Village
Median sale price: $2,312,500
The West Village recorded an 88% year-over-year increase in median sale price and currently has a median of $2.3 million—nearly $1 million less than SoHo’s median sale price. Historically known as a center for American bohemian culture, the West Village espouses a vibrant, artistic scene with quirky consignment shops, historic brownstones, and celebrity sightings that have attracted buyers from near and far.
4. Hudson Square
Median sale price: $2,264,500
Surrounded by Greenwich Village, Tribeca, and SoHo, Hudson Square is another top residential neighborhood in New York City with a median sale price of $2.2 million. Once known as the Printing District, the area remains a center of media-related activity, housing a variety of creative agencies like Edelman and POSSIBLE.
Median sale price: $1,970,000
Located in Brooklyn, DUMBO (Down Under the Manhattan Bridge Overpass) is the only non-Manhattan neighborhood that ranks in NYC’s top 10 most expensive. DUMBO has a median sale price of $1.9 million and is home to converted warehouse buildings, art galleries, and tech startups. It also serves as the corporate headquarters for Etsy and West Elm. Because of its proximity to Manhattan, concentration of tech startups, and luxury residential lofts, DUMBO is one of Brooklyn’s most expensive neighborhoods.