[title]
Despite a 21-percent year-over-year price dip, Hudson Yards has once again claimed the crown as New York City’s most expensive neighborhood, with a median sale price just shy of $6 million, according to PropertyShark’s latest Q2 2025 report. That’s nearly eight times the citywide median, which just hit a record-breaking $799,000.
The west side mega-development—which blends luxury condos, sky-high offices and a seven-story shopping playground—has been NYC’s reigning real estate flex since its debut in 2019. And though fewer billionaire-worthy closings drove prices down from last year’s highs, Hudson Yards still managed to edge out perennial power players like TriBeCa and SoHo.
RECOMMENDED: NYC was just named the second-most expensive city in the world
Speaking of TriBeCa: The downtown darling roared back to #2 on the list, clocking in with a six-year high median sale price of $4.15 million. That’s a 43-percent year-over-year leap, driven by blockbuster condo deals (hello, $16.5 million unit at 443 Greenwich) and a 52-percent increase in transactions. Almost 80-percent of the sales were condos, and nearly all of them exceeded the $4 million mark.
SoHo held steady at #3 with a $3.69 million median, while Little Italy and Hudson Square rounded out the top five, each clearing the $2 million threshold.
In total, 39 NYC neighborhoods surpassed the $1 million median mark this quarter, with Manhattan and Brooklyn tied for dominance, each nabbing 23 spots on the top 50 list. Queens? Just two entries broke the million-dollar barrier, with Fresh Meadows leading the borough at $1.15 million.
Among Brooklyn's standouts, Manhattan Beach saw the most jaw-dropping price jump—a 197-percent surge to nearly $1.5 million—while Carroll Gardens took a hit, falling 32-percent in price even as its number of sales more than doubled.
Hudson Yards may have cooled slightly, but at nearly $6 million a pop, it’s still the most expensive address in town.