{"id":28683,"date":"2017-07-13T09:12:03","date_gmt":"2017-07-13T13:12:03","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=28683"},"modified":"2025-05-22T11:24:25","modified_gmt":"2025-05-22T08:24:25","slug":"tribeca-still-1-expensive-nyc-neighborhood","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-NYC-neighborhoods-Q2-2017","title":{"rendered":"TriBeCa Still #1 Most Expensive NYC Neighborhood"},"content":{"rendered":"<p>Following a period of stabilization, the second quarter of 2017 brought a period of renewed price growth to some areas of\u00a0New York City, particularly to\u00a0its most expensive neighborhoods. <strong>Median sale prices trended upwards in most of the city\u2019s 50 most expensive neighborhoods.<\/strong> Only 11 areas saw prices slide in Q2, a significant change from Q1, when 20 neighborhoods saw median sale prices trend\u00a0downwards.<\/p>\n<p>Maintaining its #1 position from a year ago, <strong>TriBeCa\u2019s median sale price continued to grow, expanding 24%<\/strong> compared to Q2 2016. As sales activity also increased year-over-year, the landmark New York neighborhood finished the second quarter with a $5,175,000 median sale price.<\/p>\n<p>The <strong>Financial District<\/strong>\u00a0reshuffled the city\u2019s top 10 most expensive neighborhoods, becoming <strong>New York City\u2019s #6 most pricey neighborhood<\/strong>. Following a whopping<strong> 88% year-over-year increase<\/strong>, the Financial District\u2019s median sale price surged to $1,900,000. Luxury developments such as <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/90\/50-West-St-New-York-NY-10006\/\" target=\"_blank\" rel=\"noopener noreferrer\">50 West Stree<\/a>t contributed\u00a0very significantly to the District\u2019s dizzying climb \u2013 high-priced units here have inspired a veritable feeding frenzy in the city\u2019s tight real estate market.<\/p>\n<p>The city\u2019s most remarkable price expansion came from Brooklyn, in\u00a0Fort Greene\u00a0as\u00a0<strong>median sale prices ballooned by a jaw-dropping 151%<\/strong>. Barely making the city\u2019s top 100 priciest neighborhoods at #97 in 2016, the historic South Brooklyn neighborhood saw median sale prices jump from just $451,612, to $1,135,000 over the past 12 months, landing at #18.<\/p>\n<p>Brooklyn maintained 2 neighborhoods among the city\u2019s top 10 most expensive, even if median sale prices have started trending towards more established levels. Sales activity cooled off at several luxury developments which artificially inflated median prices in Q1, but other areas continued to experience fast-paced and high-priced sales.<\/p>\n<p><strong>Boerum Hill<\/strong> was barely the city\u2019s 46<sup>th<\/sup> priciest neighborhood in early 2016. Now, with a median sale price of $1,975,000, <strong>Boerum Hill ranks as the 5<sup>th<\/sup> most expensive neighborhood in New York City<\/strong>, as high-end\u00a0condominiums such as <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/143325817\/265-State-St-Brooklyn-NY-11201\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Boerum<\/a> continue to see rapid sales in their luxury inventory. Overall, the priciest neighborhood in Brooklyn experienced a 51% growth in the median sale price in the past 12 months.<\/p>\n<p><strong>Overall, Manhattan still holds the highest number of the city\u2019s priciest neighborhoods<\/strong> with 24, with Brooklyn coming in a close second with\u00a023, and Queens being\u00a0home to 7. Manhattan, however, still dominates NYC\u2019s top 10 most expensive neighborhoods, regaining two spots from Brooklyn from the previous quarter.<\/p>\n<p>Keep reading to find out which were New York City\u2019s 10 most expensive neighborhoods in the second quarter of 2017. <strong>Be sure to scroll down to the end, and check out the full Top 50 Most Expensive Neighborhoods in New York City.<\/strong><\/p>\n<p><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/07\/Most-expensive-neighborhoods-in-NYC-Q2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27372\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/07\/Most-expensive-neighborhoods-in-NYC-Q2.png\" alt=\"\" width=\"750\" height=\"508\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/07\/Most-expensive-neighborhoods-in-NYC-Q2.png 750w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/07\/Most-expensive-neighborhoods-in-NYC-Q2.png?resize=300,203 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Greenwich_Village\"><\/span>#10. Greenwich Village<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,400,000<\/strong><br \/>\n<strong>Number of transactions: 140<\/strong><\/p>\n<p>New York City\u2019s 10<sup>th<\/sup> most expensive neighborhood, Greenwich Village\u2019s white-hot real estate market has cooled down. The first quarter of 2017 saw median prices here slip to $1,459,612. The downwards trend continued into Q2 2017, as median prices slipped further, reaching $1,400,000 \u2013 a far cry from the year-ago figure of $2,038,260.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Battery_Park_City\"><\/span>#9. Battery Park City<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,632,500<\/strong><br \/>\n<strong>Number of transactions: 46<\/strong><\/p>\n<p>Following a rocky first quarter that saw prices slashed by 48% in Battery Park City, the southern Manhattan neighborhood bounced back in the Q2, with the median sale price clocking in at $1,632,500. Compared to the second quarter of 2016, the 71% price gain brought Battery Park City up from #27 to New York City\u2019s top 10 most expensive neighborhoods.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Garment_District\"><\/span>#8. Garment District<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,715,000<\/strong><br \/>\n<strong>Number of transactions: 9 <\/strong><\/p>\n<p>With only 9 sales registered in the first quarter of this year, the Garment District has managed to lift up its median price to $1,715,000 \u2013 an almost $300,000 gain over Q1, when year-over-year price appreciation bottomed at negative 48%. The second quarter of 2017 however, pushed prices 8% over year-ago values.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_DUMBO\"><\/span>#7. DUMBO<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,840,000<\/strong><br \/>\n<strong>Number of transactions: 37<\/strong><\/p>\n<p>One of only two Brooklyn neighborhoods in New York City\u2019s top 10 most expensive neighborhoods, DUMBO gained 19% in median price levels in the second quarter compared to the same period in 2016. Quarter-over-quarter, however, DUMBO\u2019s real estate market cooled off, stabilizing after a feverish first quarter for luxury sales.<\/p>\n<p>Fueled by a wave of high-priced condo developments that hit the market in early 2017, DUMBO saw 55 transactions. Many of these were closed at luxury condo developments such as\u00a0<a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/120555\/39-53-Jay-St-Brooklyn-NY-11201\/\" target=\"_blank\" rel=\"noopener noreferrer\">51 Jay Street<\/a>, where units range between $1 million and $6 million. In Q2, however, neighborhood sales activity trended towards more balanced territory, with 37 completed transactions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Central_Midtown\"><\/span>#6. Central Midtown<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,900,000<\/strong><br \/>\n<strong>Number of transactions:111<\/strong><\/p>\n<p>Tying with the Financial District as NYC&#8217;s 6<sup>th<\/sup> priciest neighborhood, Central Midtown has made a comeback. After median prices slipped throughout 2016 and bottomed at $1,287,500 early this year, the second quarter saw sales activity double, pushing median prices up. In fact, Central Midtown\u2019s new median is 41% higher than the year-ago figure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Financial_District\"><\/span>#6. Financial District<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,900,000<\/strong><br \/>\n<strong>Number of transactions: 151<\/strong><\/p>\n<p>Also ranking as NYC\u2019s 6<sup>th<\/sup> most expensive neighborhood, the Financial District\u2019s median price jumped a whopping 88% over Q2 2016. This followed the neighborhood\u2019s 78% year-over-year price appreciation registered in Q1 of 2017. Jumping from #21 in Q2 2016 to, #9 in Q1 of the current year, the Financial District\u2019s new median home value has been pushed up by dynamic sales activity in new condo developments in the formerly commercial neighborhood.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Boerum_Hill\"><\/span>#5. Boerum Hill<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $1,975,000<\/strong><br \/>\n<strong>Number of transactions: 61<\/strong><\/p>\n<p>Boerum Hill continued its rapid rise among the city\u2019s priciest neighborhoods, climbing three spots quarter-over-quarter with an over $270,000 growth in the median price. Only the 46<sup>th<\/sup> most expensive New York neighborhood in early 2016, Boerum Hill saw a bevy of luxury condo developments go live, artificially inflating median price levels. Sleek luxury high-rises like The Boerum elevated the median sale price by 51% year-over-year, it clocked\u00a0in at $1,975,000 for the second quarter of 2017, making this neighborhood Brooklyn\u2019s most expensive.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Hudson_Square\"><\/span>#4. Hudson Square<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $2,172,873<\/strong><br \/>\n<strong>Number of transactions: 26<\/strong><\/p>\n<p>Hudson Square continued to slip downwards, with the median sale price dropping 3% year-over-year for the second consecutive quarter. Compared to early 2017, however, Hudson Square sale prices dropped even further \u2013 the second quarter\u2019s $2,172,873 median sale price is significantly lower than the $2,529,000 median registered in Q1, despite sales activity remaining virtually unchanged.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_SoHo\"><\/span>#3. SoHo<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $2,500,000<\/strong><br \/>\n<strong>Number of transactions: 39 <\/strong><\/p>\n<p>Although still one of the most expensive neighborhoods in New York City, SoHo\u2019s real estate market has been going through a period of stabilization. The city\u2019s priciest neighborhood in early 2016 \u2013 with a median sale price above the $4 million mark \u2013 iconic SoHo\u2019s median price weakened 22% year-over-year in Q2 2017, following a 17% year-over-year depreciation in the first quarter. The second quarter\u2019s small increase in sales over Q1, however, didn\u2019t stop SoHo from seeing the median sale price slide by more than $880,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Flatiron_District\"><\/span>#2 Flatiron District<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $2,570,000<\/strong><br \/>\n<strong>Number of transactions: 135<\/strong><\/p>\n<p>Year-over-year, this neighborhood\u2019s median price has expanded by 12%, making the dynamic Flatiron District the city\u2019s 2<sup>nd<\/sup> most expensive neighborhood, despite somewhat weakened sales activity \u2013 135 transactions in Q2 2017, compared to 152 in Q2 2016.\u00a0 Once the playground of photographers thanks to cheap housing, the Flatiron District now boasts a $2,570,000 median sale price \u2013 up by close to $500,000 quarter-to-quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_TriBeCa\"><\/span>#1. TriBeCa<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Median sale price: $5,175,000<\/strong><br \/>\n<strong>Number of transactions: 136<\/strong><\/p>\n<p>Residential prices in trendy TriBeCa continued to rise in the second quarter, gaining close to $100,000 compared to Q1. Year-over-year, median homes prices appreciated by 24% in the landmark Manhattan neighborhood. Ranking as the <strong>#1 most expensive neighborhood in New York City<\/strong>, TriBeCa\u2019s median sale price hit a whopping $5,175,000 in Q2, while quarter-to-quarter sales activity remained relatively unchanged.<\/p>\n\n<table id=\"tablepress-174\" class=\"tablepress tablepress-id-174\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">No<\/th><th class=\"column-2\">Borough<\/th><th class=\"column-3\">Neighborhood<\/th><th class=\"column-4\">Median Sale Price<\/th><th class=\"column-5\">Q1 vs Q2 2016<\/th><th class=\"column-6\">Transactions<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">TriBeCa<\/td><td class=\"column-4\">$5,175,000<\/td><td class=\"column-5\">24%<\/td><td class=\"column-6\">136<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Flatiron District<\/td><td class=\"column-4\">$2,570,000<\/td><td class=\"column-5\">12%<\/td><td class=\"column-6\">135<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">SoHo<\/td><td class=\"column-4\">$2,500,000<\/td><td class=\"column-5\">-22%<\/td><td class=\"column-6\">39<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Hudson Square<\/td><td class=\"column-4\">$2,172,873<\/td><td class=\"column-5\">-3%<\/td><td class=\"column-6\">26<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Boerum Hill<\/td><td class=\"column-4\">$1,975,000<\/td><td class=\"column-5\">51%<\/td><td class=\"column-6\">61<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Central Midtown<\/td><td class=\"column-4\">$1,900,000<\/td><td class=\"column-5\">41%<\/td><td class=\"column-6\">111<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Financial District<\/td><td class=\"column-4\">$1,900,000<\/td><td class=\"column-5\">88%<\/td><td class=\"column-6\">151<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">DUMBO<\/td><td class=\"column-4\">$1,840,000<\/td><td class=\"column-5\">19%<\/td><td class=\"column-6\">37<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Garment District<\/td><td class=\"column-4\">$1,715,000<\/td><td class=\"column-5\">8%<\/td><td class=\"column-6\">9<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Battery Park City<\/td><td class=\"column-4\">$1,632,500<\/td><td class=\"column-5\">71%<\/td><td class=\"column-6\">46<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Greenwich Village<\/td><td class=\"column-4\">$1,400,000<\/td><td class=\"column-5\">-31%<\/td><td class=\"column-6\">140<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">11<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Manhattan Beach<\/td><td class=\"column-4\">$1,322,500<\/td><td class=\"column-5\">7%<\/td><td class=\"column-6\">12<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">12<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Prospect - Lefferts Gardens<\/td><td class=\"column-4\">$1,260,000<\/td><td class=\"column-5\">64%<\/td><td class=\"column-6\">11<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">13<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Chelsea<\/td><td class=\"column-4\">$1,257,500<\/td><td class=\"column-5\">7%<\/td><td class=\"column-6\">138<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">14<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">West Village<\/td><td class=\"column-4\">$1,250,000<\/td><td class=\"column-5\">-2%<\/td><td class=\"column-6\">67<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Park Slope<\/td><td class=\"column-4\">$1,250,000<\/td><td class=\"column-5\">27%<\/td><td class=\"column-6\">125<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">15<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Gowanus<\/td><td class=\"column-4\">$1,238,000<\/td><td class=\"column-5\">26%<\/td><td class=\"column-6\">16<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">16<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Theatre District - Times Square<\/td><td class=\"column-4\">$1,225,000<\/td><td class=\"column-5\">6%<\/td><td class=\"column-6\">46<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">17<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Upper East Side<\/td><td class=\"column-4\">$1,200,000 <br \/>\n<\/td><td class=\"column-5\">9%<\/td><td class=\"column-6\">641<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">18<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Upper West Side<\/td><td class=\"column-4\">$1,197,000<\/td><td class=\"column-5\">17%<\/td><td class=\"column-6\">496<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">19<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Fort Greene<\/td><td class=\"column-4\">$1,135,000<\/td><td class=\"column-5\">151%<\/td><td class=\"column-6\">32<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">20<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Brooklyn Heights<\/td><td class=\"column-4\">$1,120,000<\/td><td class=\"column-5\">35%<\/td><td class=\"column-6\">64<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">21<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Greenwood Heights<\/td><td class=\"column-4\">$1,075,000<\/td><td class=\"column-5\">38%<\/td><td class=\"column-6\">14<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Sutton Place<\/td><td class=\"column-4\">$1,050,000<\/td><td class=\"column-5\">14%<\/td><td class=\"column-6\">69<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">East Village<\/td><td class=\"column-4\">$1,050,000<\/td><td class=\"column-5\">8%<\/td><td class=\"column-6\">71<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Roosevelt Island<\/td><td class=\"column-4\">$1,050,000<\/td><td class=\"column-5\">69%<\/td><td class=\"column-6\">13<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">23<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Greenpoint<\/td><td class=\"column-4\">$1,022,500<\/td><td class=\"column-5\">35%<\/td><td class=\"column-6\">32<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">24<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Clinton - Hell's Kitchen<\/td><td class=\"column-4\">$998,500<\/td><td class=\"column-5\">0%<\/td><td class=\"column-6\">129<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">25<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Gramercy Park<\/td><td class=\"column-4\">$994,169<\/td><td class=\"column-5\">-22%<\/td><td class=\"column-6\">83<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">26<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">Hunters Point<\/td><td class=\"column-4\">$977,645<\/td><td class=\"column-5\">6%<\/td><td class=\"column-6\">46<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">27<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Carroll Gardens<\/td><td class=\"column-4\">$951,397<\/td><td class=\"column-5\">-17%<\/td><td class=\"column-6\">14<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">28<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">Queensboro Hill<\/td><td class=\"column-4\">$950,000<\/td><td class=\"column-5\">20%<\/td><td class=\"column-6\">7<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">29<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Mill Basin<\/td><td class=\"column-4\">$920,000<\/td><td class=\"column-5\">4%<\/td><td class=\"column-6\">18<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">30<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Dyker Heights<\/td><td class=\"column-4\">$916,250<\/td><td class=\"column-5\">13%<\/td><td class=\"column-6\">26<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">31<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Prospect Heights<\/td><td class=\"column-4\">$889,948<\/td><td class=\"column-5\">-2%<\/td><td class=\"column-6\">120<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">32<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Downtown Brooklyn<\/td><td class=\"column-4\">$877,000<\/td><td class=\"column-5\">-3%<\/td><td class=\"column-6\">44<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">33<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Williamsburg<\/td><td class=\"column-4\">$865,513<\/td><td class=\"column-5\">9%<\/td><td class=\"column-6\">160<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">34<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Harlem<\/td><td class=\"column-4\">$865,000<\/td><td class=\"column-5\">37%<\/td><td class=\"column-6\">123<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">35<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Windsor Terrace<\/td><td class=\"column-4\">$850,000<\/td><td class=\"column-5\">48%<\/td><td class=\"column-6\">21<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">36<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">Belle Harbor<\/td><td class=\"column-4\">$845,260<\/td><td class=\"column-5\">14%<\/td><td class=\"column-6\">10<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">37<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Lower East Side<\/td><td class=\"column-4\">$837,500<\/td><td class=\"column-5\">5%<\/td><td class=\"column-6\">42<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">38<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Clinton Hill<\/td><td class=\"column-4\">$827,310<\/td><td class=\"column-5\">20%<\/td><td class=\"column-6\">68<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">39<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Chinatown<\/td><td class=\"column-4\">$825,000<\/td><td class=\"column-5\">8%<\/td><td class=\"column-6\">12<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">40<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">Fresh Meadows<\/td><td class=\"column-4\">$815,000<\/td><td class=\"column-5\">9%<\/td><td class=\"column-6\">44<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">41<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">East Flushing<\/td><td class=\"column-4\">$810,000<\/td><td class=\"column-5\">42%<\/td><td class=\"column-6\">32<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">42<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Cobble Hill<\/td><td class=\"column-4\">$800,000<\/td><td class=\"column-5\">-25%<\/td><td class=\"column-6\">21<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">43<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Bushwick<\/td><td class=\"column-4\">$795,000<\/td><td class=\"column-5\">41%<\/td><td class=\"column-6\">19<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">44<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">Hollis Hills<\/td><td class=\"column-4\">$788,000<\/td><td class=\"column-5\">9%<\/td><td class=\"column-6\">15<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">45<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Murray Hill<\/td><td class=\"column-4\">$785,000<\/td><td class=\"column-5\">10%<\/td><td class=\"column-6\">187<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\">46<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Borough Park<\/td><td class=\"column-4\">$782,072<\/td><td class=\"column-5\">16%<\/td><td class=\"column-6\">63<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\">47<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">Turtle Bay<\/td><td class=\"column-4\">$765,000<\/td><td class=\"column-5\">-8%<\/td><td class=\"column-6\">93<\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\">48<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Bedford-Stuyvesant<\/td><td class=\"column-4\">$762,669<\/td><td class=\"column-5\">-3%<\/td><td class=\"column-6\">57<\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\">49<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">Madison<\/td><td class=\"column-4\">$755,000<\/td><td class=\"column-5\">45%<\/td><td class=\"column-6\">23<\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\">50<\/td><td class=\"column-2\">Queens<\/td><td class=\"column-3\">Ditmars - Steinway<\/td><td class=\"column-4\">$720,000<\/td><td class=\"column-5\">13%<\/td><td class=\"column-6\">7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-174 from cache -->\n<p>Check out <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-NYC-neighborhoods-Q1-2017\" target=\"_blank\" rel=\"noopener noreferrer\">The most expensive neighborhoods in NYC in Q1 2017<\/a> and the\u00a0<a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/most-expensive-nyc-neighborhoods-2016\/\" target=\"_blank\" rel=\"noopener noreferrer\">2016 Top most expensive NYC neighborhoods<\/a>:\u00a0<a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/top-50-most-expensive-nyc-neighborhoods-in-q1-2016\/\" target=\"_blank\" rel=\"noopener noreferrer\">Q1<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/top-50-most-expensive-nyc-neighborhoods-q3-2016\/\" target=\"_blank\" rel=\"noopener noreferrer\">Q3<\/a>.<\/p>\n<p><strong>Methodology:<\/strong><\/p>\n<p>The median sale prices were calculated based on residential property sales closed between April 1, 2017 and June 30, 2017. The residential properties included in the stats are single-family homes, condos and coops.<\/p>\n<p>The boundaries to some of the neighborhoods in Manhattan have been changed from previous studies. Therefore, data on several small neighborhoods is now included in stats for larger areas. For example, NoLita is now included in Little Italy; NoHo in Greenwich Village; Carnegie Hill, Lenox Hill, Yorkville are included in the Upper East Side.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a period of stabilization, the second quarter of 2017 brought a period of renewed price growth to some areas of\u00a0New York City, particularly to\u00a0its most expensive neighborhoods. Median sale prices trended upwards in most of the city\u2019s 50 most expensive neighborhoods. Only 11 areas saw prices slide in Q2, a significant change from Q1,&hellip;<\/p>\n","protected":false},"author":42,"featured_media":28681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8245,328,1659],"tags":[11171],"class_list":["post-28683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-studies","category-new-york-real-estate","category-priciest-neighborhoods","tag-old-study"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TriBeCa Still #1 Most Expensive NYC Neighborhood - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-NYC-neighborhoods-Q2-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TriBeCa Still #1 Most Expensive NYC Neighborhood\" \/>\n<meta property=\"og:description\" content=\"Following a period of stabilization, the second quarter of 2017 brought a period of renewed price growth to some areas of\u00a0New York City, particularly to\u00a0its most expensive neighborhoods. Median sale prices trended upwards in most of the city\u2019s 50 most expensive neighborhoods. Only 11 areas saw prices slide in Q2, a significant change from Q1,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-NYC-neighborhoods-Q2-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-13T13:12:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-22T08:24:25+00:00\" \/>\n<meta name=\"author\" content=\"Andra Rus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/10\/shutterstock_105789410.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andra Rus\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TriBeCa Still #1 Most Expensive NYC Neighborhood - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-NYC-neighborhoods-Q2-2017\/","og_locale":"en_US","og_type":"article","og_title":"TriBeCa Still #1 Most Expensive NYC Neighborhood","og_description":"Following a period of stabilization, the second quarter of 2017 brought a period of renewed price growth to some areas of\u00a0New York City, particularly to\u00a0its most expensive neighborhoods. Median sale prices trended upwards in most of the city\u2019s 50 most expensive neighborhoods. 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Her work has been featured in The Real Deal, Curbed, TimeOut, The Daily Mail, Business Insider, Crain\u2019s New York.","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/andra\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/10\/shutterstock_105789410.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/28683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=28683"}],"version-history":[{"count":1,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/28683\/revisions"}],"predecessor-version":[{"id":28684,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/28683\/revisions\/28684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media\/28681"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=28683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=28683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=28683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}