AgentMarkets & Economy

Manhattan neighborhoods largely among NYC’s priciest

SoHo and NoHo come in at first and second with median home prices over $4 million
  • SoHo came in at number 1 with a median home sale price of $5.865 million — a massive 143 percent year-over-year surge.
  • NoHo is number two with a $4 million price tag and a 46 percent rise since last year.
  • Nolita and Hudson Square came in at fourth and fifth with median prices of $3.125 million and $2.956 million, respectively
  • 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.

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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. Just one neighborhood in the top 10 featured an annual median...