This NYC Street Has The Priciest Homes In The World

MIDTOWN MANHATTAN, NY — A New York City street called "Billionaire's Row" racked up dozens of home sales worth at least $25 million over the past five years, leading a real estate brokerage firm to crown in the world's most expensive street.

West 57th Street tops the world with 41 sales above $25 million since 2015, Knight Frank announced in a recent study. Sales on the Midtown block have spiked in recent years with new super-tall towers such as One57, 111 West 57th Street and Extell Development's Central Park Tower rising on the street.

Following Billionaire's Row was Hong Kong's Mount Nicholson Road with 35 sales above $25 million. New York's Central Park South and Park Avenue slotted in at Nos. 3 and 4 with 32 and 20 sales respectively. London's Grosvenor Square rounded out the top five with 10 ultra luxury sales, according to Knight Frank's study.

Knight Frank compiled statistics for its study with real estate firm Douglas Elliman and organizations such as LonRes, HM Land Registry and the Memfus Wong Property Information Centre, according to the study. Sales after June 2019 were not counted.

"As the leading ultra-prime location in the world, 57th Street is home to the most extraordinary residential offerings," Susan de França, president and CEO at Gouglas Elliman Development Marketing, said in a statement.

While Billionaire's Row reigned in terms of the number of sales, other high-priced streets brought in more money. The average sales price on Hong Kong's Mount Nicholson Road was a whopping $81.8 million compared to West 57th Street's $38.5 million. New York's three other streets in the rankings — Central Park South, Park Avenue and Fifth Avenue — also ranked higher in terms of average sales price.