7 Most Expensive Zip Codes in Manhattan

By: Jennifer Villalba

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If you can comfortably spend a million dollars on an apartment, these expensive areas in Manhattan are for you.

New York City is counted among one of the expensive places to live in the world. The average prices of a home in this city are nearly $2 million. And Manhattan just tops the list when it comes to the expensive real estate in this city.

Manhattan is the tiny island between the Hudson River and East River where the iconic, illustrious skyscrapers are into the sky. From a melting pot of various cultures, exciting nightlife, uniqueness, job opportunities, and legendary landmarks to upscale apartments, many people dream to live in this magnificent borough.

As we have told you before that it is the most expensive borough in NYC to live in, although the rate varies in each zip code within Manhattan.

Here we have featured some surprisingly expensive neighborhoods in Manhattan.

1. SoHo (10013):

This expensive neighborhood in Manhattan boasts fancy shops and upscale coffee shops, and it also features the most expensive properties in the entire city of New York.

Interestingly, many residential houses and apartments in SoHo were originally 19th-century warehouses. Their vintage look might be the reason why many celebs like Tyra Banks, Kelly Ripa, and Jonah Hill moved here.

SoHo also attracts homeowners for its huge penthouses. For example, condos located in the historic Puck Building cost $28 million.

The area is also dotted with projects featuring extravagant amenities, with places such as 10 Sullivan having a $ 45 million pool for its occupants. This neighborhood features the median sale price of $2.8 million for a home.

Read Also:
How to Get into NYC Soho House?
Apartments for Rent in Soho

2. Flatiron District (10010):

The Flatiron District has borrowed its name from the historic Flatiron Building located near Firth Avenue and Broadway. This neighborhood falls in the middle of Manhattan as it has Madison Square Park and Union Square in its north and south respectively.

It is known for luxury hotels and high-end restaurants, inviting celebs to settle there. Chelsea Clinton, Jeff Gordon, and Jennifer Lopez have purchased luxury condos in Flatiron District, where it costs $40 million to buy a penthouse.

The neighborhood features $1.8 million as the median sale price for a home.

Read Also: Apartments for Rent in Flatiron District

3. Midtown Manhattan:

Once known for commercial buildings and office towers, Midtown Manhattan is counted among the top expensive zip codes in New York City. For example, a penthouse here sold for a price tag of $100.5 million at One57 in 2015.

However, a penthouse located at 432 Park Avenue, the tallest building in the city, sold for $95 million. The median sale price is $1.2 million in Midtown Manhattan.

4. Tribeca (10013):

With the median sale price of $2.8 million, Tribeca is almost as expensive as SoHo. However, this neighborhood has more celebs per capita than any other neighborhood in the city. There are good chances to bump into stars like Jon Stewart, Jay-Z, and Meryl Streep at the restaurants and coffee shops.

Vintage warehouses-turned-apartments are another similarity it shares with SoHo. These warehouses attract with their high ceilings, large windows, and luxury finishes. An apartment that was once an oil and feta factor was sold for $5.425 million in Tribeca.

Apartments located in the south of the neighborhood offer panoramic views of New York Harbor.

Read Also:

Tribeca is the Most Expensive Neighborhood in NYC?
Apartments for Rent in Tribeca

5. Upper East Side (10021):

This list of expensive zip codes in Manhattan is incomplete without the mention of the Upper East Side.

In 2016, it was the most expensive neighborhood in Manhattan, and the second in the USA, thanks to a few pricy townhouses. In the same year, its median sale price was ticked at $7.22 million which was dropped to $1.2 million by 2019.

Related Article: Apartments for Rent in Upper East Side

6. Hudson Square (10013):

Surrounded by Tribeca, SoHo, and Greenwich Village, Hudson Square is another popular neighborhood. Once termed as the Printing District, Hudson Square houses media and production businesses, fashion designers, and architects. In other words, it has become a magnet for creative companies and media houses. It has an average median sale price of $2.2 million.

7. Garment District (10018):

Also known as the Fashion District, Garment District houses the ever-increasing number of fashion warehouses, fashion labels, and showrooms. Designers like CallyRieman, Daniel Vosovic, and Ann Yee

have also been based here. This district is counted among the eminent hubs of the fashion industry on a global scale. The median sales price is $1.69 million.

So these are some of the expensive neighborhoods in Manhattan. Where you like to find a home? Let us know by commenting below!