This high-gloss area has reclaimed its title of NYC’s priciest neighborhood — for the sixth consecutive year

Hudson Yards has solidified its position arsenic New York City’s astir costly vicinity for nan — not first, not second, not 3rd — but sixth twelvemonth running, pinch a median waste value of $5.36 cardinal successful nan first 4th of 2025, according to a caller PropertyShark report.

Despite a $645,000 year-over-year value drop, nan Far West Side enclave outpaced each competitors, driven by high-end condominium income and a surge successful transactional activity.

The report, which analyzed income of condos, co-ops and single-family homes crossed nan city, highlights a robust commencement to nan twelvemonth for nan city’s luxury existent property market.

The citywide median waste value climbed 10% from past twelvemonth to $1.15 million. Among nan city’s 50 priciest neighborhoods, 41 boasted median waste prices supra $1 cardinal — 10 much than successful Q1 2024 — pinch 5 Manhattan locales exceeding $2.5 million.

“Hudson Yards has been consistently astatine nan apical of rankings since mid-2019,” said Eliza Theiss, nan report’s author, successful an question and reply pinch The Post. Around that clip successful 2019 is erstwhile nan Hudson Yards megadevelopment — which besides includes shopping, eating and a theatre — made its highly anticipated debut.

“Since Hudson Yards residential developments started selling, nan vicinity has entrenched itself arsenic nan [No. 1] astir costly vicinity because of nan high-end banal that dominates this submarket of Manhattan.”

The neighborhood’s power is underscored by its income figures: six of nan 13 transactions successful Q1 2025 exceeded $6 million, including 2 eight-figure deals astatine 35 Hudson Yards, wherever an 8,901-square-foot portion sold for $13.99 cardinal and an 8,601-square-foot portion fetched $12.5 million.

“The adjacent ‘cheapest’ 2 income were a 2,249-square-foot portion that went for $4.99 cardinal and a 2,749-square-foot portion that sold for $4.99 million,” Theiss noted. Ten of nan 13 deals were inked astatine 35 Hudson Yards, pinch nan remaining 3 astatine 15 Hudson Yards.

Even nan lowest-priced waste — a 1,907-square-foot condo — commanded $4.1 million.

Hudson Yards besides saw a 160% year-over-year surge successful sales, though this translated to conscionable 8 further transactions.

“Looking ahead, Hudson Yards will apt proceed to predominate NYC rankings arsenic it has complete nan past astir six years,” Theiss said. She noted that nan vicinity only slipped from nan apical spot successful quarters pinch less than 5 sales, specified arsenic Q3 2024, erstwhile Soho claimed first place, aliases Q2 2020, erstwhile Tribeca took nan lead.

Manhattan dominated nan apical 10 priciest neighborhoods, securing six spots.

Little Italy, absent from caller rankings owed to debased income volume, roared backmost to 2nd spot pinch a $4.59 cardinal median, driven by high-end Nolita condo sales, including an $8 cardinal portion astatine The Residences astatine Prince. Soho ($3.85 million) and Tribeca ($3.3 million) followed, while nan Soho sub-district Hudson Square ($2.6 million) rounded retired nan apical 5 aft a 61% value jump. The Theatre District-Times Square area ($1.67 million) closed nan apical 10.

Brooklyn, however, edged retired Manhattan overall, placing 22 neighborhoods successful nan apical 50 compared to Manhattan’s 20.

“Brooklyn edging Manhattan retired is simply a reasonably caller and still sporadic improvement of nan NYC market,” Theiss added. “While 15 years agone Brooklyn outpacing Manhattan seemed still far-fetched, Brooklyn’s beingness successful nan apical 50 has been expanding steadily.”

She attributed this to Manhattan’s soaring prices pushing buyers to Brooklyn, fueling request for high-end properties. Cobble Hill led Brooklyn astatine $1.91 million, followed by Dumbo ($1.88 million) and Boerum Hill ($1.7 million).

Queens trailed pinch 11 neighborhoods successful nan apical 50, led by Malba astatine $1.6 cardinal — conscionable $115,000 awkward of nan apical 10.

“Queens ever falls down because it doesn’t person nan pricing levels of nan different 2 boroughs,” Theiss said.

“Buyers priced retired of Manhattan person tended to take Brooklyn arsenic their adjacent marketplace arsenic opposed to Queens, owed to a number of factors, including its much convenient proximity to Manhattan.”

Still, Queens has shown dependable growth, pinch neighborhoods for illustration Auburndale — which is adjacent to Nassau County — rising from a $719,500 median successful 2016 to $960,000 successful 2024.

Some accepted heavyweights stumbled.

Carroll Gardens, Brooklyn’s erstwhile No. 4, saw its median waste value plummet from $2.79 cardinal to $1.38 million, driven by smaller homes averaging 1,035 quadrate feet. The Flatiron District and Chelsea besides fell, landing astatine No. 19 pinch $1.38 cardinal medians aft 30% value drops tied to a displacement toward co-ops and smaller units.

As nan city’s luxury marketplace heats up, Hudson Yards’ enduring reign signals Manhattan’s grip connected nan ultra-high-end, moreover arsenic Brooklyn gains ground.

“Manhattan still remains nan ascendant power,” Theiss emphasized, citing its attraction of top-tier neighborhoods and important value gaps pinch Brooklyn’s priciest areas.