The Most Expensive Blocks in NYC

Most expensive blocks in NYC

Continuing the topic of our recent article that covered the most expensive blocks in Queens, it’s time to go city-wide. We could have easily entitled this post “Most Expensive Blocks in Manhattan”, since New York City’s 10 priciest blocks are all located in Manhattan.

A quick glance at the Upper East Side dominates the top 10 with 4 blocks, followed by West Village with 2. East Midtown, Chelsea, Tribeca and Soho each have 1 block in the top 10 as well.

The priciest block in NYC is the block between East 70th – East 71st Street / 5th Avenue – Park Avenue, which recorded 9 transactions and had a median sale price of $8,925,000. The biggest sale here was 720 Park Avenue’s 4A coop unit, which sold for $21,995,500.

The second priciest block is East Midtown’s block between East 58th – East 59th Street / Park Avenue – 3rd Avenue, with a median sale price of $7,350,000. Two penthouses were the biggest sales on the block: 53W and 54E, both on 151 East 58 Street, which both sold for $18.5M. This block, along with the block that placed 9th (delimited by East 87th and East 88th Street / York Avenue & East End Avenue), had the highest number of transactions (23) among all blocks in the top 10.

Completing the top 3 was the Chelsea block between West 21st Street and West 22nd Street / 11th Avenue and 10th Avenue, which recorded 3 sales and had a median sale price of $6,650,000. Here is the complete top 10 of the priciest blocks in NYC:

Methodology: For this report we looked at median sale prices for all of the blocks in New York City with at least three home sales within the last two years.