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New York & Tri-State  + Downtown New York  + Apartments  | 

Tribeca Remains NYC’s Priciest Homebuying Neighborhood

The city’s priciest residential neighborhood remains Tribeca with a median of $3.6 million, according to Yardi Systems’ PropertyShark. The neighborhood maintained its top ranking in the first quarter, despite a 30% price drop year over year.

All but one of the city’s 10 most expensive neighborhoods are in Manhattan, and seven are south of 34th Street. SoHo came in second at $3.2 million, while the third-ranked West Village vaulted up from number 18 on the strength of an 88% Y-O-Y price increase.

Other Downtown neighborhoods in the top 10 included Hudson Square, ranked fourth; the Flatiron District in sixth place; the East Village in ninth place; and Chelsea in 10th place. The one non-Manhattan neighborhood in Q1’s top 10 was Brooklyn’s DUMBO section.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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