Real Estate
Hudson Yards Already NYC's 2nd-Priciest Neighborhood, Report Says
The typical home in Manhattan's newest neighborhood sold for more than $3.8 million this spring, a new report says.
NEW YORK — It's No. 2 with a bullet. Hudson Yards became New York City's second-most expensive neighborhood in the first three full months after it opened to the public, a new report shows.
Manhattan's mega-development saw 56 home sales from April through June with a staggering median price of more than $3.8 million, according to the PropertyShark report published Tuesday.
That rate was high enough to land the $25 billion neighborhood at No. 2 on the real estate website's ranking of the city's priciest neighborhoods — but not enough to dethrone Tribeca, which once again took the top spot.
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The affluent downtown nabe saw 100 transactions with a median price of more than $4.3 million in the second quarter, up 14 percent from the same period in 2018, the report shows.
PropertyShark attributed Hudson Yards's impressive debut on its ranking to sales at the project's first completed residential building, 15 Hudson Yards.
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The glass-sheathed edifice has a total of 285 units, with available condos ranging in price from $4.3 million for a four-bedroom space to $32 million for a seven-bedroom penthouse, according to the listing website StreetEasy.
The brand-new neighborhood, which opened to the public March 15, is also home to a high-end shops, restaurants, a large office tower, a performing arts venue called The Shed and a shawarma-shaped sculpture known as The Vessel.
Hudson Yards was among 24 Manhattan districts on PropertyShark's list, which included 52 neighborhoods in all. No. 7 Cobble Hill was the only outer-borough nabe to land in the top 10 with a median sales price of about $2.3 million.
Malba, a section of Whitestone, was Queens's pricest spot with a median of roughly $1.1 million, landing at No. 27 on PropertyShark's ranking.
PropertyShark based its list on sales of residential properties, including single-family homes, condos and co-ops, closed from April 1 to June 30.
See how your neighborhood fared on the list below. Read PropertyShark's full report here.
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