Top Most Expensive NYC Neighborhoods
The most expensive NYC neighborhoods are mostly located in Manhattan, but Brooklyn is home to a few as well. New York City’s real estate market had quite the spike in the third quarter of 2021 continuing into 2022. The current median sales price in NYC is $755,000 with an increase expected soon. But, the rise we’ve seen in 2021 would suggest a 145% increase. The surge in prices can be felt in Manhattan the most out of all the boroughs. Currently, 7 out of 10 most expensive NYC neighborhoods are located in Manhattan. Higher median prices don’t automatically suggest more expensive living rents or price growth of the property. In some of the wealthiest neighborhoods, we saw a decrease in prices. We at Best Movers NYC want to present the current most expensive neighborhoods in New York City.
Noho
Noho’s current median sales price is an astounding $3.25 million. This neighborhood is located in lower Manhattan and is the current most expensive neighborhood to live in New York City. The prices spiked so incredibly thanks to luxury new development sales at condos.
Noho has a population of around 3,500 residents. It is considered one of the best places to live in NYC. Living in Noho offers an urban feel with lots of bars, restaurants, coffee shops, parks, and more. Many young professionals choose Noho as their living destination and most of the property is rented, but if you choose to buy, the best residential movers in Manhattan are at your service. People rarely buy property in Noho, largely due to high pricing. Those interested in moving to Noho with their families will be happy to know that Noho offers above-average schools.
Hudson Yards
Hudson Yards has amassed a median sale price of just over $4.6 million, quite a bit more than Noho. This neighborhood is New York City’s newest and youngest neighborhood. You can find hundreds of shops and culinary experiences in this neighborhood. If art is something you’re interested in, you’ll be glad to know that the neighborhood has significant public art, as well as many cultural institutions to visit. Since the first huge tower sprung in Hudson Yards, the neighborhood has constantly been evolving.
One of the most notable things in Hudson Yards is the seven-story, $720,000 square-foot shopping mall. Also, there are 4 more huge skyscrapers. The biggest and most famous city-sponsored arts center is called the Shed. It features a huge sliding roof made out of a Teflon-like material. It’s quite the sight to behold, and your movers in Manhattan hope you will see it.
Tribeca
Tribeca is a neighborhood located in Lower Manhattan with a median sale price of $3.5 million which makes it one of the most expensive NYC neighborhoods. Originally written as TriBeCa, the name stands for “Triangle Below Canal Street”, although the neighborhood has 4 main points. The four triangle points are Canal Street, West Street, Broadway, and Chambers Street. Tribeca used to be the home of industrial warehouses, but nowadays it is home to many celebrities. The best local movers in Manhattan recommend living in Tribeca.
It’s obvious why Tribeca is sought-after. The neighborhood offers an amazing view of the Hudson River not to mention the many famous restaurants throughout. This area is also home to the famous Tribeca Film Festival. At this festival, people can see word-premiers of movies. So, for those interested in the arts and a lovely view, Tribeca could be the perfect place to move.
Vinegar Hill
Brooklyn-lovers will be delighted to hear that Vinegar Hill has made it into the top 10 priciest neighborhoods in all of NYC. Many of us who know about NYC also know that Manhattan is the most expensive part of NYC to live in. And it still is. But, lately, Brooklyn has produced some very expensive neighborhoods. With a median sale price of $1.54 million, Vinegar Hill is the 7th most expensive place to live in all of New York City. These calculations are prone to abrupt change, though, we should note. But as soon as your residential movers in Brooklyn leave you at your doorstep, you’ll never wish to leave Vinegar Hill.
Vinegar Hill has a population of around 5,800 people. It’s located in Kings County and is one of the best places to live in NYC. Life in Vinegar Hill offers residents a dense urban feel. There are lots of bars, restaurants, and the nightlife is thriving. Surprisingly, Vinegar Hill could be considered a family-friendly neighborhood with lots of schools with above-average performance.
DUMBO
Dumbo, which stands for “Down Under the Manhattan Bridge Overpass” is the first neighborhood you’ll come across when coming from Manhattan. But Dumbo is so much more. Dumbo has a median sale price of $1.9 million, largely due to its perfect location. Right next to this neighborhood you’ll be able to find Vinegar Hill. So, if you were weighing which of the two is the right one for you, you can relax knowing that the best movers in Brooklyn will take the same time moving you to either one. And if you were interested in Vinegar Hill for one reason or the other, but chose Dumbo, you can just commute to Vinegar Hill whenever you feel like it.
The cobblestone streets and old buildings really give it a special kind of charm. What you can expect in Dumbo is a laid-back neighborhood full of life and thriving art, technology, and small business communities. When it comes to the real estate market, you can expect renovated lofts and a growing number of new high-rise condos. One of the biggest selling points of Dumbo is the incredible panoramic skyline view.
Neponsit
Although Queens hasn’t ranked among the 10 most expensive NYC neighborhoods yet, it is still one of the priciest nonetheless. With a median sale price of $1.1 million, Neponsit ranks top 50 most expensive NYC neighborhoods.
Neponsit has a population of 4,522 residents making it a small and private community. Neponsit is a coastal neighborhood, meaning you get direct access to the coast and beach. The neighborhood offers amazing outings to the theater or a lovely meal with a glass of finely aged wine. The residents are characterized by refined taste, various cultural interests, and an urge to live well. If these are some things that spark your interest, hiring the best movers in Queens is your next step.
Todt Hill
Todt Hill is our first contender from Staten Island. With a median sale price of $1.1 million, it makes the top 50 most expensive NYC neighborhoods. This neighborhood is a very private and friendly community, a lot of people in the community volunteer and donate to charities quite often. The hill itself is the highest point of elevation in NYC. The fact that it’s so high on the hill, it is very secluded and there isn’t any public transport. Thankfully you have your best movers in Staten Island to help you move. But from then on, it’s by car for you.
Cobble Hill
The median sale price of Cobble Hill in the famous Brookly is $1.6 million. When hiring commercial movers in Brooklyn and moving to Cobble Hill what you can expect is an upscale residential experience in the heart of Brooklyn. Recently the median price has really risen. The neighborhood gives off a vintage Brooklyn vibe, optimized with present-day amenities. A bit of a downside is that traffic can get pretty tight in Cobble Hill. The nightlife isn’t as prosperous as in other places, you might have a little commute to a party you’re interested in. You’ll fall in love with the streets that are just made for taking a stroll and the incredible sense of privacy.
Ditmars Steinway
With a median sale price of $1.1 million, Ditmars Steinway is up there on the list of the priciest NYC neighborhoods. It’s a bit of a bigger neighborhood with around 47,300 residents. Located in Queens, it is home to a large Greek community. There are many open green spaces to visit and take a stroll or enjoy an outing with your friends and family. Once your commercial movers in Queens have moved you, the downtown area of Ditmars Steinway offers endless entertainment to residents and anyone passing by the location.
Carroll Gardens
Carroll Gardens is a neighborhood located in the northwestern part of Brooklyn. This neighborhood has a median sale price of $1.6 million. You’ll be pleasantly surprised by the mix of hip and historic this community offers. From butchers and bakers to clothing designers, Carroll Gardens has it all. You can expect many dining and shopping options, outdoor greenery, and cultural places to visit during the night, or over the weekend. Seeing how it’s located in the Brooklyn borough, instead of big designer shops, you’re more likely to run across cozy boutiques and artisanal food shops.
Soho
Next on our list is the famous Soho in Manhattan with a median sale price of $3.6 million. This neighborhood is the most fashionable one in NYC with no shortage of trendy spots for shopping and dining. Those with a good eye for detail and an appreciation for historical landmarks will enjoy the cobblestone streets, cast-iron architecture, and many galleries. You can expect a creative vibe in Soho seeing how many of the residents are creatives themselves. You’ll see that in Soho you will never run out of options for entertainment. There is always something interesting and new happening in this hip neighborhood. But, if you’re more interested in the outdoors, or looking for a place with a lot of greenery, Soho might not be the ideal pick.
Another thing to keep in mind is that Soho is a really sought-after neighborhood, so you might not be able to find the ideal apartment you envisioned. The key here is to keep a constant lookout before your moving date and find the most ideal apartment for you. Once your long-distance movers in Manhattan help you relocate, you need to go visit some of the cafes and restaurants this neighborhood is known for. You won’t be disappointed.
Central Park South
Up next we’ve got another rich neighborhood in Manhattan with a median sale price of $2.4 million. If you decide to move to Central Park South you can see some of the most famous views of Central Park. The lifestyle you can expect in Central Park South is extremely convenient. Anything you could want and more is located within walking distance. You will get to experience amazing dining options, shopping venues, and entertainment. And you can always visit Grand Central Park.
Nolita
It’s no surprise that the majority of the most expensive neighborhoods in NYC are located in Manhattan. It is the urban center and the most sought-after NYC borough after all. Nolita in Manhattan has a median sale price of $2.5 million. This neighborhood is like a breath of fresh air. It’s full of pleasant energy that shows you life can be more simple and more fun than you’ve previously imagined. You can expect a neighborhood that’s both cozy and has the downtown lifestyle vibe. There are many things to discover in Nolita and you will never get tired of it. Whenever you feel like you don’t know what to do, you can find a quaint cafe, a luxurious restaurant, or a new art gallery that has just hung up a young artist’s works. Trust us, you will definitely fall in love with Nolita.
Theatre District
The final neighborhood we’ve decided to mention today as one of the most expensive NYC neighborhoods is the lovely Theatre District in Manhattan with a median sale price of $1.9 million. What’s better than returning home to the heart of Manhattan after a busy day? The Theater District is the epitome of the NYC hustle. You will find an energetic neighborhood in the midst of iconic NYC scenery. What you can expect is an energetic daylife as well as nightlife. You will never run out of entertainment venues and you will always be able to enjoy the drinking and dining scene. What you won’t find in the Theatre District is green spaces or a quiet neighborhood. So, if you’re looking for a calmer atmosphere, it might be better to consider another neighborhood.