Tribeca Homes Are The Priciest In NYC, Study Finds

TRIBECA, NY — Tribeca has maintained its status as the priciest neighborhood for real estate, with a median sales price of $3.5 million for residential properties, according to a new study.

A survey of real estate sales from Property Shark inventoried all of the city's property sales in the first quarter of 2018 to find out which neighborhoods were the most expensive. The tony neighborhood of Tribeca kept its spot at number one, Property Shark found.

In 2017, the median sales price for a Tribeca home was a whopping $4.68 million, according to a previous study by Property Shark. The first financial quarter of 2018 has seen a drop in sales prices for the neighborhood, but that decrease wasn't enough to make Tribeca an affordable neighborhood, according to the report.

The high-end neighborhood of Soho maintained its number two spot on the ranking, with a median sales price of $3.2 million.

Of the city's ten most expensive neighborhoods, all but one were in Manhattan. Dumbo was the only Brooklyn neighborhood to crack the top ten, with a median sales price of $1.97 million, according to Property Shark.

You can read Property Shark's full report here.

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