Strolling through New York City block-by-block is a mixed bag. In 10 minutes you can walk past everything from historic co-op buildings and elegant townhomes to new condo developments and aging walk-ups. Go outside Manhattan and deeper into the Bronx, Brooklyn, Queens, and Staten Island and the rarest of all NYC amenities – space – becomes more prevalent. In these boroughs, you’ll find grassy front yards, driveways and even private swimming pools or beachfront property.
Just as home types and architecture change with each block, so does price. Which blocks are the most expensive in NYC? The StreetEasy Research team looked at city blocks (blocks being defined as a length of street between two cross streets) with at least 10 sales since 2005 to find the top three most expensive blocks by median sale price in each borough.
Manhattan
This 5-bedroom on the Upper East Side in on the market for $15 million.
It’s no surprise that Central Park-facing blocks on the historically pricey Upper East Side take the lead for the most expensive blocks across all five boroughs. From Lenox Hill (the lower part of the Upper East Side) to Carnegie Hill (the northernmost UES neighborhood), blocks dominated by classic co-op buildings lining Central Park demand the highest prices in all of NYC.
Curious what properties on these blocks look like? Check out some fabulous 5th Avenue homes.
| Most Expensive Blocks in Manhattan | Median Sales Price |
| Lenox Hill: 5th Avenue between E 64th and E 65th | $36,175,415 |
| Upper East Side: 5th Avenue between E 80th and E 81st | $13,478,194 |
| Carnegie Hill: 5th Avenue between E 93rd and E 94th | $10,792,773 |
Brooklyn
The dining table in this Boerum Hill townhouse seats 40. The home is listed for $5.495 million.
Brooklyn Heights (with its $40 million mansions), Boerum Hill, and Park Slope claim the most expensive blocks in the borough. The storied single-family homes along these blocks range from stately townhouses in Brooklyn Heights, to super-wide brownstones in Boerum Hill, to Edwardian limestone behemoths in Park Slope. Snagging a historic home along one of these highly-desirable blocks is no easy (or cheap) feat, but the grandeur — not to mention space — these homes offer make them some of the most sought-after properties in the borough, if not all of New York City.
See what it’s like to live on the toniest blocks of Brooklyn – check out these properties on Garden Place, State Street and 1st Street.
| Most Expensive Blocks in Brooklyn | Median Sales Price |
| Brooklyn Heights: Garden Place between Joralemon St and State St | $4,035,134 |
| Boerum Hill: State Street between Smith St and Hoyt St | $3,217,320 |
| Park Slope: 1st St between Prospect Park West and 8th Ave | $3,139,149 |
Bronx
The view from a condo in the Solaria building.
The first and second most expensive blocks in the Bronx are located in Riverdale, the borough’s most expensive neighborhood. While much of Riverdale’s housing stock is made up of sprawling single-family homes, on the two most expensive blocks, prices are driven by full-service amenity condo buildings, the Solaria and the Hayden on the Hudson. The third most expensive block is a waterfront block along Eastchester Bay in Throgs Neck, with a mix of housing – from single-family homes to condos – that offer waterfront living.
Check out the expansive condos on the Bronx’s most expensive blocks.
| Most Expensive Blocks in the Bronx | Median Sales Price |
| Riverdale: W 237th St between Blackstone Ave and Independence Ave (Solaria building) | $1,307,293 |
| Riverdale: Douglas Avenue (Hayden on the Hudson complex) | $845,379 |
| Throgs Neck: Dean Ave between Philip Ave and Lafayette | $837,724 |
Queens
This 2,348-square-foot house in Queens most recently sold for $1.348 million.
Tucked away in the Queens neighborhood of Forest Hills is an enclave of homes called Forest Hills Gardens. Here you’ll find the most expensive block in Queens, and the third most expensive block sits in Forest Hills just on the outskirts of the Forest Hills Gardens boundary. The second most expensive block in Queens is located in the Whitestone community and offers single-family homes along the East River waterfront.
Want a sprawling lawn and 2-car garage … in NYC? See the homes on Queens’ most expensive blocks.
| Most Expensive Blocks in Queens | Median Sales Price |
| Forest Hills Gardens: Groton Street between 72nd Ave and 70th Ave | $1,778,737 |
| Whitestone: Powell’s Cove Blvd | $1,626,188 |
| Forest Hills: Juno Street between 71st Ave and 72nd Ave | $1,383,864 |
Staten Island
On Staten Island, this 4-bedroom is available for $1.199 million.
The most expensive block in Staten Island is an enclave of homes in the Covington Park section of Woodrow, a neighborhood in central Staten Island where homes sit nestled along the greens of the Grand Oaks Country Club. Proximity to golf courses and greenery are popular amenities in Staten Island; the second most expensive block in Sunnyside offers homes that face the Silver Lake Golf Course, and the third most expensive block in Port Richmond sidles up next to the lush Clove Lakes Park.
What do the homes on Staten Island’s most expensive blocks look like? Check them out here.
| Most Expensive Blocks in Staten Island | Median Sales Price |
| Woodrow: Covington Circle | $774,485 |
| Sunnyside: Cheshire Place | $645,020 |
| Port Richmond: Benedict Ave between Brookside Ave and Elias Pl | $568,178 |
How did we do it?
The Most Expensive Blocks in New York City list is compiled from all recorded sales since 2005. Sales prices are adjusted by a price appreciation factor to adjust sales that have occurred in the past to the current period. The median of these appreciation-adjusted recorded sales prices is then used to determine the median price of the block. StreetEasy defined a block as the length of one street between two cross streets. While the block in most cases matches this definition, in some cases the block definitions include two blocks, for a greater data sample size. A block is included in the ranking if it has had at least 10 recorded sales of different properties during the period. If a single property has sold more than once during the period, only the most recent sale is used.
Related:
- What $1M Buys Across the Country
- House of the Week: Private Island With Views of NYC
- San Francisco’s Most Expensive 1-Bedroom Sells for $2.3M
via Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://ift.tt/1GzbBw3
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