Five Queens neighborhoods make list of NYC’s priciest places to buy a home
/By Rachel Vick
Home prices keep going up in five Queens neighborhoods named among the 50 most expensive places to live in New York City last year, in a new report released Monday.
Real estate tracker PropertyClub analyzed residential property values in NYC neighborhoods at least 10 sales, finding that the median home sales topped $1 million in Ditmars Steinway, Hunters Point and Malba. In Ridgewood, the median sale price was $999,000 and in Neponsit, it was $990,000.
The overall median sale price in Queens was $605,000, PropertyClub found.
Ditmars Steinway, a section of Astoria, was the 36th most expensive neighborhood, with a median sales price of $1.5 million, according to the data. By contrast, the median home sale price in five Manhattan neighborhoods with real estate industry-concocted names — Noho, Hudson Yards, Tribeca, Central Park South and Nolita — each surpassed $3 million.
A total of 14 sales brought the average price in Malba, ranked 42, to $1.07 million.
Close behind at numbers 43 and 44 were Hunters Point, with median sales of $1.025 million and Ridgewood of $999,999.
In 2019, Ridgewood was the only Queens neighborhood where median home sales topped $1,000,000, according to a report from StreetEasy.
Neponsit is tied for 50th with the Brooklyn neighborhoods of Bensonhurst and Mapleton with a median sale price of $990,000.
More than half of the most expensive neighborhoods are in Manhattan.