Hudson Yards has solidified itself as New York City's most expensive neighborhood for the sixth consecutive year, boasting a median sale price of $5.36 million despite a drop from previous year. The PropertyShark report revealed significant activity in luxury real estate, with a 10% increase in citywide median prices. High-end condominium sales have made Hudson Yards stand out, particularly with sales at 35 Hudson Yards featuring notable eight-figure deals. Overall, the luxury market in NYC shows a robust start to 2025.
"Hudson Yards has been consistently at the top of rankings since mid-2019," said Eliza Theiss, the report's author, in an interview with The Post.
"Since Hudson Yards residential developments started selling, the neighborhood has entrenched itself as the [No. 1] most expensive neighborhood because of the high-end stock that dominates this submarket of Manhattan."
"The next 'cheapest' two sales were a 2,249-square-foot unit that went for $4.99 million and a 2,749-square-foot unit that sold for $4.99 million," Theiss noted.
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.
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