Hudson Yards has solidified its position as New York City’s most expensive neighborhood for the — not first, not second, not third — but sixth year running , with a median sale price of $5.36 million in the first quarter of 2025, according to a new PropertyShark report.
Despite a $645,000 year-over-year price drop, the Far West Side enclave outpaced all competitors, driven by high-end condominium sales and a surge in transactional activity.
The report, which analyzed sales of condos, co-ops and single-family homes across the city, highlights a robust start to the year for the city’s luxury real estate market.
The citywide median sale price climbed 10% from last year to $1.15 million. Among the city’s 50 priciest neighborhoods, 41 boasted median sale prices above $1 million — 10 more than in Q1 2024 — with five Manhattan locales exceeding $2.5 million…