Hudson Yards takes the top spot again among NYC’s most expensive neighborhoods for buyers

The top 10 list of the most expensive New York City neighborhoods for buyers is dominated by Manhattan, but several key neighborhoods in the borough saw prices remain flat or decline from a year ago.

According to a new ranking from PropertyShark of the priciest neighborhoods for buyers based on closed sales in the third quarter, Tribeca (#2), Soho (#3), and the Flatiron District (#10) had drops in annual median sales prices.

Hudson Yards once again took the top position as NYC’s most expensive neighborhood for buyers with a median sales price of $4.99 million, boosted by sales at 35 Hudson Yards and 15 Hudson Yards.

However, there were no sales in Hudson Yards in the third quarter of 2024, which means there’s no annual comparison for sales price or transactions in the report.

Second place Tribeca saw a median sales price of $3.77 million representing a 3 percent decline year over year. In third place, Soho’s median sales price dropped 21 percent annually to $3.36 million, which Laura Pop-Badiu, senior creative writer at PropertyShark and author of the report attributed to a shift in the mix of property types sold—typically that means smaller, less expensive properties.

Hudson Square rose to fourth place with a 34 percent median sales price increase year over year $2.65 million, boosted by with a 35 percent increase in transactions.

In fifth position was Brooklyn’s Cobble Hill neighborhood, where the median sales price increased 24 percent annual to $2.28 million.

Most third quarter deals here this year exceeded the $1.84 million median sales price from a year earlier, however the number of transactions fell by 23 percent year over year, Pop-Badiu wrote.

^{Source: Property Shark}

You Might Also Like

Sell The 10 NYC neighborhoods with the most properties selling over asking price

Sell ‘Buyer beware’ offset by new ‘seller reveal’ requirement for townhouse deals in New York

Sell Hudson Yards is still the heavyweight champ on list of NYC's 50 priciest neighborhoods