{"id":7153,"date":"2012-02-27T11:33:00","date_gmt":"2012-02-27T15:33:00","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=7153"},"modified":"2025-07-09T12:22:55","modified_gmt":"2025-07-09T09:22:55","slug":"most-expensive-nyc-neighborhoods-in-2011","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/","title":{"rendered":"Most Expensive NYC Neighborhoods in 2011"},"content":{"rendered":"

Tribeca<\/strong> and Soho<\/strong> reasserted their status as the top two most expensive neighborhoods in New York City in 2011, our latest analysis reveals (check out our previous analysis for Q3<\/a>). With yearly median sale prices of $2,245,075 and $2,087,413 respectively, Tribeca and Soho were far ahead of the rest of the pack. The neighborhood that came third, Flatiron<\/strong>, had a median sale price of $1,190,000 in 2011.<\/p>\n

The only neighborhood outside of Manhattan to reach the top 10 was Dumbo<\/strong>, which ranks fourth, with a median sale price of $1,050,000, after having ranked as high as third<\/a> in Q3 2011. Dumbo was also the neighborhood with the biggest Y-o-Y increase in median sale price, 13%. Completing the top 5 was Chelsea<\/strong>, which had a median sale price of $999,000. The neighborhood with the biggest Y-o-Y decrease was Battery Park City (-36%), which ranked 10th.<\/p>\n

768 5th Avenue #1207 & #1209<\/a><\/strong>
\nThis, together with the single-family at 16 East 69th Street on the Upper East Side, was the largest sale of the year. As a matter of fact, at $48M, this condo in Midtown\u2019s “The Plaza” was the most expensive condo ever sold in New York City. According to Curbed<\/a>, the condo was bought by Russian composer Igor Krutoy after an “epic real estate search” in the radius of 15 Central Park West, the Plaza, and the Time Warner Center.<\/p>\n

16 East 69th Street<\/a><\/strong>
\nThis Upper East Side single-family sold on July 6th for $48M. So who is this mansion\u2019s buyer? Well, according to the Wall Street Journal<\/a>, this can\u2019t be determined. What is known however is that the sellers of the townhouse, Sloan Lindemann Barnett and Roger Barnett, had previously brought the house for “just” $11M back in 2000 and probably invested just as much in renovating it.<\/p>\n

80 Columbus Circle #PH76B<\/strong><\/a>
\nOn the exact same day when 2011\u2019s biggest transaction happened on the Upper East Side, the Upper West Side’s biggest occurred as well – what are the odds of that? So, on July 6th, the 76B penthouse in the Time Warner Center sold for $30.55M. Allegedly<\/a>, billionaire Todd Wagner sold it to an Asian investor.<\/p>\n

471 Washington Street #PH<\/a><\/strong>
\nThe biggest sale in the most expensive neighborhood, Tribeca, was the penthouse condo at 471 Washington Street which sold for $17.05M. Boasting some incredible views<\/a> and with the sale happening just 9 days before Christmas, it must have made a really spectacular gift.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Neighborhood<\/strong><\/td>\nMedian Sale Price<\/strong><\/td>\nY-o-Y Median Sale Price Change
\n<\/strong><\/td>\n<\/tr>\n
Tribeca<\/td>\n$2,245,075<\/td>\n+10%<\/td>\n<\/tr>\n
Soho<\/td>\n$2,087,413<\/td>\n+5%<\/td>\n<\/tr>\n
Flatiron<\/td>\n$1,190,000<\/td>\n-1%<\/td>\n<\/tr>\n
Dumbo<\/td>\n$1,050,000<\/td>\n+13%<\/td>\n<\/tr>\n
Chelsea<\/td>\n$999,000<\/td>\n-3%<\/td>\n<\/tr>\n
Midtown<\/td>\n$936,000<\/td>\n+6%<\/td>\n<\/tr>\n
Upper East Side<\/td>\n$935,000<\/td>\n-2%<\/td>\n<\/tr>\n
Upper West Side<\/td>\n$913,750<\/td>\n+2%<\/td>\n<\/tr>\n
West Village<\/td>\n$860,000<\/td>\n-3%<\/td>\n<\/tr>\n
Battery Park City<\/td>\n$824,959<\/td>\n-36%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Tribeca and Soho reasserted their status as the top two most expensive neighborhoods in New York City in 2011, our latest analysis reveals (check out our previous analysis for Q3). With yearly median sale prices of $2,245,075 and $2,087,413 respectively, Tribeca and Soho were far ahead of the rest of the pack. The neighborhood that…<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[328],"tags":[25],"class_list":["post-7153","post","type-post","status-publish","format-standard","hentry","category-new-york-real-estate","tag-new-york-city"],"yoast_head":"\nMost Expensive NYC Neighborhoods in 2011 - 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\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Most Expensive NYC Neighborhoods in 2011\" \/>\n<meta property=\"og:description\" content=\"Tribeca and Soho reasserted their status as the top two most expensive neighborhoods in New York City in 2011, our latest analysis reveals (check out our previous analysis for Q3). With yearly median sale prices of $2,245,075 and $2,087,413 respectively, Tribeca and Soho were far ahead of the rest of the pack. The neighborhood that…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-27T15:33:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-09T09:22:55+00:00\" \/>\n<meta name=\"author\" content=\"PropertyShark Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PropertyShark Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Most Expensive NYC Neighborhoods in 2011 - 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\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/","og_locale":"en_US","og_type":"article","og_title":"Most Expensive NYC Neighborhoods in 2011","og_description":"Tribeca and Soho reasserted their status as the top two most expensive neighborhoods in New York City in 2011, our latest analysis reveals (check out our previous analysis for Q3). With yearly median sale prices of $2,245,075 and $2,087,413 respectively, Tribeca and Soho were far ahead of the rest of the pack. The neighborhood that…","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2012-02-27T15:33:00+00:00","article_modified_time":"2025-07-09T09:22:55+00:00","author":"PropertyShark Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"PropertyShark Staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/","name":"Most Expensive NYC Neighborhoods in 2011 - PropertyShark Real Estate Blog","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"datePublished":"2012-02-27T15:33:00+00:00","dateModified":"2025-07-09T09:22:55+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/77ec7f7b0781dcef4b448cfdb9242c0c"},"breadcrumb":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/27\/most-expensive-nyc-neighborhoods-in-2011\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/"},{"@type":"ListItem","position":2,"name":"Most Expensive NYC Neighborhoods in 2011"}]},{"@type":"WebSite","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/","name":"PropertyShark Real Estate Blog","description":"Market Reports for Real Estate Writers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/77ec7f7b0781dcef4b448cfdb9242c0c","name":"PropertyShark Staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a9a4230121e69192618e4782d2413746ceb5268fe9a0d325aab1017565458db9?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a9a4230121e69192618e4782d2413746ceb5268fe9a0d325aab1017565458db9?s=96&d=retro&r=g","caption":"PropertyShark Staff"},"sameAs":["http:\/\/propertyshark.com"],"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/propertyshark-staff\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/7153","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=7153"}],"version-history":[{"count":10,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/7153\/revisions"}],"predecessor-version":[{"id":46005,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/7153\/revisions\/46005"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=7153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=7153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=7153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}