NoHo, NYC/ Flickr user Guy Vindigni
It’s not cheap to live in the Big Apple, but some of the figures might surprise even Manhattan natives.
PropertyShark’s 2016 first quarter price data shows the most expensive neighborhoods in New York City are largely located in Lower Manhattan, eating up six positions out of NYC’s ten priciest.
SoHo came in at No. 1, with a median home sale price of $5.865 million — a massive 143 percent year-over-year surge. NoHo is No. 2, with a $4 million price tag and a 46 percent rise since last year. At No. 3, Garment District’s median price is $3.497 million, representing a 193 percent annual increase.
Nolita and Hudson Square came in at fourth and fifth, with median prices of $3.125 million and $2.956 million, respectively. Nolita had a 56 percent increase since the first quarter of 2015, while Hudson Square had a 51 percent increase in price during the same period.
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Just one neighborhood in the top 10 featured an annual median price drop — Tribeca — which fell 20 percent. Sill, Tribeca homes hold an average price tag of $2.953 million, and it is the sixth most expensive neighborhood in all of the five boroughs.
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NoMad was seventh with a median price of $2.63 million and a yearly increase of 28 percent. Greenwich Village posted a high yearly increase of 82 percent and a median price of $1.998 million in the first quarter to reach eighth place on the list.
Rounding on the bottom two, Battery Park City had a 145 percent increase and a median home sale price of $1.947 million, while the Flatiron District featured a 41 percent year-over-year increase and a median price of $1.926 million.
Brooklyn’s top: Columbia Street Waterfront District
No Brooklyn ZIP codes made the top 10, but the Columbia Street Waterfront District hit number 14 on the list with a median price of $1.362 million. This area increased 48 percent in price since the first quarter of 2015 and featured 14 transactions in the first quarter this year.
The second most expensive area in Brooklyn, and seventeenth in NYC, is Prospect-Lefferts Gardens — with a median price of $1.32 million, which hasn’t changed at all since last year. PLG, as it’s commonly referred to, had nine transactions last quarter.
Dumbo came in third in Brooklyn and 20th in the entire city with a median price of $1.212 million, which is up 3 percent from the first quarter of 2015. Dumbo had 11 transactions last quarter.
Mill Basin grew 82 percent in price over the past year as of the first quarter of 2016 to reach a median of $1.146 million, based on 11 transactions. Mill Basin was no. 23 on the overall list.
Carroll Gardens was fifth in Brooklyn and 26th overall with a median price of $1.113 million — a rise of 18 percent year-over-year. There were 18 total transactions in Carroll Gardens in the first quarter of this year.
Best-selling buildings of early 2016
According to PropertyShark’s data, the top five buildings with the most sales in the first quarter of this year were all located in Manhattan.
(all prices listed are median home prices)
- Carnegie Park, located at 200 E. 94th St., sold 103 units at $1.49 million
- Greenwich Lane at 133 W. 11th St. sold 41 units at $6.046 million
- 135 W. 52nd St. sold 37 units at $3.07 million
- The Seymour Condominium building at 267 W. 25th St. sold 35 units at $2.133 million
- 371 Broadway sold 33 units at $2.47 million
