Top 50 Most Expensive NYC Neighborhoods in 2021: NYC Sales & Median Price Hit Highest Figures in 10 Years
35 neighborhoods surpass $1 million median as NYC logs record sales activity and new pricing peaks as pent-up demand drives buying frenzy.
35 neighborhoods surpass $1 million median as NYC logs record sales activity and new pricing peaks as pent-up demand drives buying frenzy.
Sales activity skyrocketed in Q3 2021, while prices, too, were more spread out, but they continued to rise among NYC’s 50 priciest neighborhoods.
As sales activity returned in force in Q2 2021, prices, too, were mostly on the rise among NYC’s 50 priciest neighborhoods.
For the NYC multifamily sector, the downturn brought on by the pandemic was just another hit to an already cooled-down market.
In 2020, Hudson Yards was NYC’s most expensive neighborhood with a $4.5 million median. TriBeCa was next with $3.2 million median sale price – a 3% decrease Y-o-Y.
The effects of COVID-19 have yet to show up for NYC multifamily in Q1: sales volume leaps 39% Y-o-Y, totals $1.9 billion.
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