New York City’s real estate market not only did not cool down in the past year, but instead has rewritten the luxury housing market landscape. According to the latest statistics from the real estate data company “PropertyShark”, in the list of the 50 most expensive neighborhoods in New York, Manhattan still holds a dominant position. However, Brooklyn and Queens’ high-end residential prices are quickly catching up, indicating a continued expansion of luxury housing demand.
For the seventh consecutive year, Hudson Yards on the west side of Manhattan ranks as the “most expensive neighborhood in the city”, with a median residential transaction price reaching a staggering $5.58 million. Despite a 22% decrease from the previous year, it still remains the leader in the New York luxury housing market. Analysts point out that the concentration of finance and technology industries in Manhattan’s west side continues to drive strong demand for high-end residential properties, with buyers not hesitating despite the price decrease.
Ranked second is the SoHo district, with a median price rebounding to $3.73 million. Driven by the rising prices of condominiums and cooperative apartments, this neighborhood, known for its blend of art, fashion, and cast-iron architectural style, has once again become a hotspot for luxury housing. Following closely behind are TriBeCa, NoHo, and Central Park South, with the top five almost entirely dominated by Manhattan’s core areas extending from Broadway to Park Avenue.
However, the real estate highlights of 2025 were not exclusive to Manhattan. Brooklyn’s presence on the list has noticeably increased, with neighborhoods like Cobble Hill entering the top ten with a median price of around $1.85 million. The report indicates that neighborhoods like Boerum Hill have seen a significant increase in apartment transaction volume, with waterfront communities in the southern part witnessing even more eye-catching price growth.
Queens is equally impossible to ignore. Long considered a “secret gem” known only to insiders, Malba has now become the most expensive neighborhood in Queens, ranking 16th in the city. Although the number of Queens neighborhoods on the list has decreased from 10 to 6, the prices of high-end residences indicate that the luxury housing market is no longer limited to the traditional areas of Manhattan and Brooklyn.
Overall, Manhattan still occupies half of the seats in the top 50 most expensive neighborhoods, with Brooklyn close behind and Queens demonstrating the potential for upward growth. Analysts believe that as buyers seek larger spaces, community features, and relative affordability within the city, the rising prices are radiating outward.
New York’s luxury housing market not only reflects the scale of wealth but also shows where the affluent choose to settle. From the glass high-rises of Hudson Yards to the brownstone houses in Brooklyn’s cobblestone streets, the most expensive zip codes are telling the story of a city constantly evolving while maintaining its global appeal.
According to PropertyShark’s rankings, the top 50 most expensive neighborhoods in New York City are as follows:
1. Hudson Yards
2. SoHo
3. TriBeCa
4. NoHo
5. Central Park South
6. NoLita
7. Hudson Square
8. Carnegie Hill
9. NoMad
10. Cobble Hill
11. DUMBO
12. Boerum Hill
13. Central Midtown
14. Columbia St Waterfront District
15. Carroll Gardens
16. Malba
17. West Village
18. Williamsburg
19. Two Bridges
20. Flatiron District
21. Garment District
22. Greenwood Heights
23. Park Slope
24. Greenpoint
25. Lenox Hill
26. Lincoln Square
27. Gowanus
28. Fort Greene
29. Greenwich Village
30. Red Hook
31. Theater District-Times Square
32. Chelsea
33. Upper West Side
34. Manhattan Beach
35. Mill Basin
36. Prospect Heights
37. Brooklyn Heights
38. Financial District
39. Downtown Brooklyn
40. Prospect-Lefferts Gardens
41. Fresh Meadows
42. East Village
43. Gramercy Park
44. Belle Harbor
45. Neponsit
46. Hunter Point
47. Battery Park City
48. Chinatown
49. Hollis Hills
50. Clinton Hill.