GITNUX MARKETDATA REPORT 2024
Statistics About The Most Expensive Area In New York
The most expensive area in New York tends to have high average home prices, luxury amenities, and a lower housing affordability rate compared to other areas in the region.
In this post, we’ll explore the most expensive neighborhoods and real estate trends in New York City. From the luxurious Tribeca with a median sale price of $3.85 million to the upscale SoHo and Flatiron District, we’ll dive into the staggering property prices, rental rates, and notable sales within the vibrant urban landscape of NYC. Join us as we uncover the eye-opening statistics and insights that define the high-end real estate market in the Big Apple.
Statistic 1
"The most expensive neighborhood in New York is Tribeca with a median sale price of $3.85 million."
Statistic 2
"SoHo comes in as the second most expensive neighborhood with a median sale price of $2.997M."
Statistic 3
"Flatiron District holds the third place with a median sale price of $2.6 million."
Statistic 4
"The median price for condominiums in SoHo, the most expensive condominium market, is $4,450,000."
Statistic 5
"Average rental price in Tribeca for 2020 was $5,150 per month."
Statistic 6
"Median sales price in the Upper East Side's Carnegie Hill area is just over $2 billion."
Statistic 7
"The median sales price in the Hudson Yards area is $3.9 million."
Statistic 8
"Flatiron is the priciest place in the city for renters, with the median asking rent hitting $6,200 per month in 2019."
Statistic 9
"The yearly price increase per square foot for residential property in Upper East Side is 1.5%."
Statistic 10
"In Greenpoint, Brooklyn, the median home sale price jumped 37% in 2019 from the previous year."
Statistic 11
"Most expensive home sold in NYC is a penthouse at 220 Central Park South, which sold for $238 million in 2020."
Statistic 12
"In 2020, NY was ranked the second most expensive city in the world for property prices per square foot."
Statistic 13
"The price per square foot in Battery Park City, one of the most expensive areas in New York, jumped by 177% from 2010-2020."
Statistic 14
"Condominiums in TriBeCa sold for an average price of $4.9 million in 2020."
Statistic 15
"The median sales price in Tribeca rose more than 18% in one year from 2010 to 2011."
Statistic 16
"A typical one-bed apartment in NoLita, one of the most expensive areas in New York, costs $3,150 per month."
Statistic 17
"8 of the 10 most expensive New York City neighborhoods are in Manhattan."
Statistic 18
"In December 2019, the median listing price for a home in Manhattan was $1.6 million."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
