October 17, 2017 Comments Off on NYC’s Most Expensive Residential Neighborhood is… Views: 1591 New York News, Top New York

NYC’s Most Expensive Residential Neighborhood is…

The Flatiron District became the most expensive neighborhood in New York City in the third quarter of 2017, according to PropertyShark, which has created a list of the 50 most expensive neighborhoods in the city.

Flatiron is on top largely because of 39 condos that sold at 41-43 E. 22nd St., where prices ranged from $2.6 million to $9.4 million. These sales pushed the median sales price up to $4.4 million, increasing 220% from this time last year.

The former most expensive neighborhood, TriBeCa, was the second most expensive neighborhood in the third quarter, with a median sales price of $4.1 million, down 9% from the year before. The number of homes that sold in TriBeCa dropped by more than 50%.

Brooklyn neighborhoods like Red Hook (#8), DUMBO (#10), and Brooklyn Heights (#12) also made the list.

Read More at Property Shark

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