NYC's most expensive neighborhoods to buy a condo or co-op

By CityRealty Staff | From Future New York Tuesday, March 4, 2025

Downtown neighborhoods dominated the rankings for the most expensive places to buy a condo or co-op, making up more than half the list.

New York City's residential apartment market is always evolving, with some neighborhoods maintaining their dominance while others experience notable shifts. In the condo market, Downtown neighborhoods remain among the most expensive, despite a slight decline in price per square foot year-over-year. Greenwich Village saw a significant surge, with prices rising over 21%, thanks to fast-selling new developments like 64 University Place. NoHo and Chelsea also experienced modest fluctuations, while the Upper East Side's Gold Coast area saw a decline, as almost no new condo inventory has come online.

The co-op market presents a slightly different narrative, with the Upper East Side's Gold Coast continuing to dominate. Tribeca, despite being a stronghold for high-end real estate, experienced a slight decline in average co-op sale prices. Conversely, NoLiTa/Little Italy saw an extraordinary 158% price jump, although this is largely due to a very small number of co-op transactions in this compact neighborhood.

Overall, the luxury real estate market in 2024 reflects a mix of stability and change, with classic neighborhoods maintaining their prestige while emerging areas gain traction. Notably, no Brooklyn neighborhood was able to break through either top ten list. Increased sales activity in some locations suggests renewed buyer confidence and the impact of newly completed developments. Price shifts indicate evolving preferences among high-net-worth individuals, moving the city's center of gravity from the Upper East Side around Central Park to Downtown's West Side waterfront.

NYC's 10 most expensive neighborhoods to buy a co-op (condos below)

#10. Riverside Dr./West End Ave.

Average 2024 co-op price: $1,417,157 (-1% Y-O-Y)
Number of 2024 sales: 360 (-1% Y-O-Y)

Riverside Drive/West End Avenue is a neighborhood of contrasts, blending historic elegance with modern development. North of 70th Street, stately pre-war buildings and grand mansions line Riverside Drive and West End Avenue, long favored for their Hudson River views and proximity to Riverside Park. Publishing magnate William Randolph Hearst once lived in a lavish triplex at The Clarendon.

In contrast, the southern section, once a neglected industrial site and the setting for West Side Story, underwent dramatic transformation in the 1990s when Donald Trump and later Extell Development introduced Riverside South, a master-planned community of luxury high-rises.

645 West End Avenue, #9C
$1,900,000

Riverside Dr./West End Ave. | Cooperative | 3 Bedrooms, 3 Baths | 1,500 ft²

645 West End Avenue, #9C (Berkshire Hathaway HomeServices New York Properties)

From the Listing: This stunning Classic Six is located in the renowned pre-war co-op at 645 West End Avenue, a masterpiece by esteemed Italian architect Gaetan Ajello. Apartment 9C features two spacious bedrooms, plus a staff room or home office, along with 3 bathrooms. The formal dining room is warm and inviting, showcasing original wood-paneled walls and beamed ceilings. French doors with their original one side of mahagony and the other of oak lead into the living room, where oversized windows, elegant moldings, and high ceilings add to the charm. See floor plan and full details here.

#9. The West Village

Average 2024 co-op price: $1,475,262 (+2%)
Number of 2024 sales: 168 (+6%)

The West Village is a historic and culturally rich neighborhood known for its charming, winding streets and 19th-century architecture. Once a hub for artists, writers, and musicians, it played a key role in shaping American art and politics, with figures like Bob Dylan, Andy Warhol, and Jack Kerouac leaving their mark. Today, it is an upscale enclave for affluent professionals and celebrities, though iconic landmarks like the Stonewall Inn and White Horse Tavern remain. The area blends historic brownstones with cutting-edge modern architecture, particularly in the Far West Village. With the revitalized Meatpacking District offering top restaurants and nightlife, plus excellent schools and easy subway access, the West Village remains one of Manhattan’s most desirable neighborhoods.

211 West 10th Street, #6D
$1,495,000

West Village | Cooperative | 2 Bedrooms, 1 Bath

211 West 10th Street, #6D (Douglas Elliman Real Estate)

From the Listing: Welcome to 211 W 10th St, Apartment 6D - a true gem in the heart of New York's vibrant West Village. This charming two-bedroom, one-bathroom cooperative offers an exceptional urban living experience. Featuring 10-foot ceilings, expansive windows, exposed brick, and a coveted south-facing exposure, this home is flooded with natural light and showcases stunning views of the downtown Manhattan skyline. See floor plan and full details here.

#8. Greenwich Village

Average 2024 co-op price: $1,493,243 (-1%)
Number of 2024 sales: 348 (+13%)

Centered around Washington Square Park, Greenwich Village is a historic and culturally rich neighborhood, bordered by Broadway to the east and Seventh Avenue to the west. Once encompassing the West Village, it has long been a hub for artists, writers, and musicians who helped shape 20th-century counterculture, from Bob Dylan to Andy Warhol. Many of its landmarks, such as the Village Vanguard, continue to celebrate its artistic legacy.

The neighborhood has fiercely preserved its character despite development pressures and is now an affluent community home to actors, media figures, and a vibrant student population, with NYU and The New School at its core. Architecturally diverse, the Village boasts elegant pre-war co-ops along Lower Fifth Avenue and historic mansions on tree-lined side streets. With top-rated schools and multiple subway options, Greenwich Village remains one of New York’s most beloved neighborhoods.

The Village Mews, #TH102
$2,995,000

Greenwich Village | Cooperative | 2 Bedrooms, 2.5 Baths

The Village Mews, #TH102 (Compass)

From the Listing: Nestled on one of Greenwich Village’s most sought-after, tree-lined streets, this exquisite 2-bedroom, 2.5-bath duplex offers townhouse-style living in a historic, landmarked building. Accessible through either the main lobby or a private entrance gate, this home has been fully renovated to the highest modern standards. See floor plan and full details here.

#7. Central Park West

Average 2024 co-op price: $2,336,555 (+5%)
Number of 2024 sales: 262 (+8%)

Lined with some of New York City's most iconic buildings, Central Park West offers an unmatched architectural streetscape. From the twin-towered grandeur of The San Remo and The Majestic to the historic opulence of The Dakota, the avenue has long been home to elite residents, including celebrated artists, business magnates, and media figures. More recent additions, such as Robert A.M. Stern’s 15 Central Park West, continue to command record-setting prices and attract high-profile buyers.

A family-friendly neighborhood, Central Park West is also home to the American Museum of Natural History and esteemed houses of worship. Nearby, top-rated public and private schools serve the overall Upper West Side. Dining options abound along Amsterdam Avenue, Columbus Avenue, and Broadway, with the Shops at Columbus Center featuring some of the city's finest restaurants. Residents enjoy convenient transportation, with the B and C trains running along the avenue and easy access to the 1, 2, and 3 trains on Broadway.

The Bolivar, #7KL
$2,250,000

Central Park West | Cooperative | 2 Bedrooms, 2 Baths

The Bolivar, #7KL (Compass)

From the Listing: Every room is flooded with light through oversized picture windows in this elegant southwest corner doorman, 2 bedroom, 2 bath prewar co-op with washer/dryer and thru-wall air. See floor plan and full details here.

#6. SoHo

Average 2024 co-op price: $2,345,567 (-23%)
Number of 2024 sales: 55 (-5%)

Once an industrial hub, SoHo now boasts the world’s largest collection of cast-iron buildings, with architectural landmarks like the Roosevelt Building and the E.V. Haughwout Building defining its historic charm. Bounded by Houston and Canal Streets, the neighborhood first gained prominence in the mid-19th century as a commercial and nightlife destination before falling into decline. In the 1970s, artists revitalized the area, transforming its industrial buildings into live/work lofts.

Today, SoHo is an ultra-high-end neighborhood known for its grand loft spaces, designer boutiques, and renowned restaurants. Alongside its historic architecture, modern developments such as 40 Mercer Street and SoHo Mews add a contemporary edge. The neighborhood is well-connected by multiple subway lines, including the B, D, F, M, N, R, C, E, and 6 trains.

428 Broome Street, #LOFTR
$2,395,000

SoHo | Cooperative | 2 Bedrooms, 2 Baths

428 Broome Street, #LOFTR (Douglas Elliman Real Estate)

From the Listing: 2 Bedroom, 2 Bathroom, Double-Height Ceiling Loft Located on one of the most coveted blocks in the heart of SoHo, this well laid out, traditional loft complete with double height ceilings epitomizes quintessential loft living. See floor plan and full details here.

#5. Carnegie Hill

Average 2024 co-op price: $2,604,837 (+8%)
Number of 2024 sales: 351 (-4%)

Named for Andrew Carnegie’s grand mansion, Carnegie Hill stretches from 79th to 98th Streets between Fifth and Third Avenues and remains one of New York’s most prestigious neighborhoods. Known for its world-class museums, elite private schools, and distinguished pre-war architecture, much of the area between Fifth and Park Avenues is a historic district.

Anchored by the Metropolitan Museum of Art, Museum Mile features cultural landmarks like the Guggenheim and the Jewish Museum. Carnegie Hill is also home to renowned private schools such as Dalton and Spence, as well as historic pre-war buildings like 998 Fifth Avenue and 1185 Park Avenue. Madison Avenue offers upscale shopping and dining, while the 4, 5, and 6 subway lines provides mass transit access.

25 East 86th Street, #3C
$2,750,000

Carnegie Hill | Cooperative | 3 Bedrooms, 2.5 Baths

25 East 86th Street, #3C (Compass)

From the Listing: Nestled in the heart of Carnegie Hill, between Fifth and Madison Avenues, this beautifully renovated and reimagined Classic 6 residence effortlessly combines prewar charm with contemporary updates, offering the perfect balance of elegance and functionality. See floor plan and full details here.

#4. NoLiTa/Little Italy

Average 2024 co-op price: $2,737,500 (+158%)
Number of 2024 sales: 2 (-33%)

R.I.P. Elizabeth Street Garden

Once spanning a much larger area, Little Italy has now shrunk to a three-block stretch of Mulberry Street, its Italian population dwindling over the years. The neighborhood is best known for its restaurants catering to tourists and the annual Feast of San Gennaro, a lively September street fair. Adjacent Nolita (North of Little Italy) has transformed since the 1990s, taking on the character of SoHo and NoHo with upscale boutiques, stylish residences, and acclaimed restaurants. Notable landmarks include St. Patrick’s Old Cathedral and the Puck Building, while new developments seek to harmonize with the area's historic charm.

The Police Building, #2K
$3,200,000 (-9.9%)

NoLiTa/Little Italy | Cooperative | 3 Bedrooms, 2.5 Baths

The Police Building, #2K (Douglas Elliman Real Estate)

From the Listing: Luxury Living at its Finest in NYC's Historic Police Building! Welcome to 240 Centre 2K, a stunning duplex residence offering unparalleled luxury and elegance in the heart of New York City. Boasting 3 bedrooms, 2.5 baths and soaring 16-foot ceilings with oversized arched windows, this home is a true masterpiece. See floor plan and full details here.

#3. Tribeca

Average 2024 co-op price: $3,185,923 (-4%)
Number of 2024 sales: 26 (+13%)

Tribeca, short for "Triangle Below Canal," is one of New York City's most sought-after neighborhoods, known for its rich history, architectural charm, and restaurant scene. Once an industrial hub, it transformed into an artistic enclave in the 1970s and is now home to very high-end residences, high-profile restaurants, and an enduring cultural landscape. Its historic cast-iron buildings blend seamlessly with modern developments like 56 Leonard and 70 Vestry, offering both spacious lofts and high-end condominiums. With top-tier schools, world-class dining, the Tribeca Festival, and abundant green space, Tribeca combines family-friendly living with a characterful urban lifestyle.

10 Jay Street, #4
$8,200,000

Tribeca | Cooperative | 5 Bedrooms, 3.5 Baths

10 Jay Street, #4 (Douglas Elliman Real Estate)

From the Listing: Located on one of Tribeca's most coveted cobblestone streets, Apartment #4 is a renovated 5-bedroom full-floor residence that offers unparalleled sophistication and elegance. Upon exiting the elevator, you are greeted by a beautifully designed vestibule that flows seamlessly into a formal entryway. The expansive living room features oversized windows with north and east exposures which frame cinematic views of Jay Street and the iconic Staple Street skybridge. See floor plan and full details here.

#2. NoHo

Average 2024 co-op price: $3,294,167 (+32%)
Number of 2024 sales: 6 (-60%)

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NoHo, or "North of Houston," is a historic and architecturally rich neighborhood centered along Lafayette Street. Once home to grand 19th-century residences like Colonnade Row, it later became an industrial hub before evolving into a sought-after residential area. Its cast-iron and masonry buildings, many within the NoHo Historic Districts, now stand alongside striking modern designs like Herzog & de Meuron’s 40 Bond Street. With boutique shopping, renowned dining, and landmarks such as the Public Theater and Bayard-Condict Building, NoHo blends history, culture, and contemporary luxury in the heart of Downtown Manhattan.

48 Bond Street, #Unit9
$6,350,000 (-8.6%)

NoHo | Cooperative | 4 Bedrooms, Unknown Baths

48 Bond Street, #Unit9 (CORE Group Marketing LLC)

From the Listing: 48 Bond Street, Unit 9 offers an exemplary NoHo living experience perched above one of the most prized cobblestoned tree-lined blocks in New York City. Comprising the entire 9th floor, the home’s four bedrooms, two-and-a-half bathrooms, and 10-foot ceilings are thoughtfully laid out amongst 2,478 square feet. Two private outdoor spaces complete the home, including a lusciously landscaped terrace with beautiful southern city vistas. See floor plan and full details here.

#1. Park/Fifth Ave. to 79th St.

Average 2024 co-op price: $3,608,729 (+2%)
Number of 2024 sales: 267 (+3%)

The Park/Fifth-to-79th Street area is one of New York’s most refined residential neighborhoods, stretching from 59th to 79th streets between Fifth and Park Avenues. Home to stately pre-war co-ops and historic mansions, it was once known as "Millionaires Mile" and remains a hub of prestige and culture. With Central Park as its western boundary and world-class museums, designer boutiques, and exclusive social clubs lining its avenues, the area embodies classic Upper East Side luxury. Fine dining, premier shopping, and excellent transit access further cement its reputation as one of Manhattan’s most desirable enclaves.

Fred Leighton Building, #10W
$5,175,000

Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths | 10,933 ft²

Fred Leighton Building, #10W (Sothebys International Realty)

From the Listing: Designed by renowned architects Harde & Short in 1906 and classified as a landmark in 1977, 45 East 66th Street is distinctive for its magnificent gothic-inspired terra cotta and brick façade. Within a “monumentally exuberant” edifice, this splendid residence boasts bright, high-floor outlooks and an abundance of sunshine, high ceilings, and beautiful hardwood floors. See floor plan and full details here.

NYC's Ten most expensive neighborhoods to buy a condo in 2024

#10. Central Park West

Average 2024 condo PPSF: $1,919 (0%)

Average 2024 condo price: $2,800,440 (-6%)

Number of 2024 sales: 176 (22%)

The Century, #20R
$2,485,000

Central Park West | Condominium | 1 Bedroom, 1 Bath | 750 ft²

The Century, #20R (MAGNETIC)

From the Listing: Rare Triple Mint 1BR Condo with Park-Facing Terrace The Perfect XXX Mint Pied-a-Terre located in The Century, the premier Prewar Central Park West condominium. This gut-renovated one-bedroom property is the rarest of rare-it includes a large terrace facing Central Park, big enough for a dinner party! See floor plan and full details here.

#9. Midtown East

Average 2024 condo PPSF: $1,925 (+6%)

Average 2024 condo price: $2,536,859 (-11%)

Number of 2024 sales: 190 (+17%)

Waldorf Astoria Residences New York, #2908
$5,550,000

Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,782 ft²

Waldorf Astoria Residences New York, #2908 (Douglas Elliman Real Estate)

From the Listing: Now available for immediate occupancy. Own a piece of the legacy at Waldorf Astoria Residences New York. Residence 2908 showcases sweeping city views of the East Side, Park Avenue, and the Chrysler Building. Designed by internationally acclaimed designer Jean-Louis Deniot, residences combine modern comfort with signature features such as a dedicated Concierge Closet and keyless entry with opulent details like ceiling coves, herringbone floors, oversized custom-paneled doors, spacious walk-in closets, and grand entry foyers with marble floors and brass inlays. See floor plan and full details here.

#8. Tribeca

Average 2024 condo PPSF: $2,066 (-4%)

Average 2024 condo price: $4,588,822 (-14%)

Number of 2024 sales: 235 (-6%)

Sky Lofts at 145 Hudson, #7B
$9,495,000

Tribeca | Condominium | 4 Bedrooms, 3.5 Baths | 3,298 ft²

Sky Lofts at 145 Hudson, #7B (Compass)

From the Listing: Situated at 145 Hudson Street, one of Tribeca’s iconic addresses, this expansive 4 bedroom loft epitomizes the essence of sophisticated downtown living. Sky Lofts is a sought-after building known for its industrial charm, and stunning city views, making this property a rare opportunity in a prime location. See floor plan and full details here.

#7. SoHo

Average 2024 condo PPSF: $2,118 (-3%)

Average 2024 condo price: $4,143,569 (-5%)

Number of 2024 sales: 109 (-8%)

XOCO 325, #7B
$8,995,000

SoHo | Condominium | 4 Bedrooms, 3.5 Baths | 2,658 ft²

XOCO 325, #7B (Compass)

From the Listing: Presenting Residence 7B at 325 West Broadway, a turnkey four-bedroom home at SoHo's modern classic, XOCO 325. This half-floor residence spans nearly 2,700 square feet, with ceilings up to 11' high and three exposures to the west, east, and south. Each design choice is intentional and luxurious, from the curved archways to the wide plank floors and the various marble finishes. See floor plan and full details here.

#6. NoLiTa/Little Italy

Average 2024 condo PPSF: $2,133 (+13%)

Average 2024 condo price: $3,588,653 (+15%)

Number of 2024 sales: 32 (+23%)

View of NoLita from The Spring, #11A (Brown Harris Stevens Residential Sales LLC)

The Spring, #11A
$3,950,000 (-7.1%)

NoLiTa/Little Italy | Condominium | 2 Bedrooms, 3 Baths | 1,735 ft²

The Spring, #11A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Apartment 11A is a spacious 1,735-square-foot two-bedroom residence featuring three full bathrooms and panoramic southwest views. The expansive layout begins with a proper entrance foyer, complete with ample closet space and a full guest bathroom. The grand corner living and dining area, measuring an impressive 27' by 27', is complemented by an open kitchen and flooded with natural light throughout the day, thanks to oversized windows that frame dramatic downtown views. See floor plan and full details here.

#5. Park/Fifth Ave. to 79th St.

Average 2024 condo PPSF: $2,138 (-7%)

Average 2024 condo price: $5,094,758 (-1%)

Number of 2024 sales: 54 (+8%)

127 East 64th Street, #12
$10,995,000

Park/Fifth Ave. to 79th St. | Condominium | 3 Bedrooms, 5.5 Baths | 4,052 ft²

127 East 64th Street, #12 (Compass)

From the Listing: Step into this extraordinary, triple-mint-condition residence, located on one of the most coveted blocks between Park and Lexington Avenues. This remarkable home offers a total of 4,229 square feet, with 3,739 square feet of interior living space and 490 square feet of private outdoor areas. Spanning four expansive levels, it is situated in a boutique elevator condominium housed within a charming 20-foot-wide townhouse.With only three apartments in the building, it provides the ultimate in luxury and privacy. See floor plan and full details here.

#4. Chelsea

Average 2024 condo PPSF: $2,240 (+6%)

Average 2024 condo price: $4,455,025 (+49%)

Number of 2024 sales: 438 (+9%)

West Chelsea

520 West 28th Street, #29
$8,800,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,905 ft²

520 West 28th Street, #29 (Corcoran Group)

From the Listing: This exceptional home offers an unparalleled living experience. Bathed in natural light from south, east, and west exposures, the expansive 2,905-square-foot interior is complemented by 198 square feet of private outdoor space. Thoughtfully designed, the layout features a gracious entry foyer with a powder room, an impressive 650-square-foot great room with a balcony overlooking the High Line and sculpture garden. See floor plan and full details here.

#3. NoHo

Average 2024 condo PPSF: $2,263 (-1%)

Average 2024 condo price: $4,641,200 (+1%)

Number of 2024 sales: 25 (0%)

22 Bond, #5
$8,250,000

NoHo | Condominium | 3 Bedrooms, 3.5 Baths | 2,939 ft²

22 Bond, #5 (Douglas Elliman Real Estate)

From the Listing: Situated on the fifth floor, this rarely available, sun-flooded 3-bedroom, 3.5-bathroom duplex with direct elevator access spanning 2,939 sqft with floor-to-ceiling glass and a private south-facing balcony in boutique condominium. See floor plan and full details here.

#2. Greenwich Village

Average 2024 condo PPSF: $2,629 (+22%)

Average 2024 condo price: $4,842,262 (+71%)

Number of 2024 sales: 92 (+15%)

215 Sullivan Street, #4A
$9,660,000

Greenwich Village | Condominium | 4 Bedrooms, 4.5 Baths | 3,254 ft²

215 Sullivan Street, #4A (Douglas Elliman Real Estate)

From the Listing: Step Inside History: A Unique 4-Bedroom Greenwich Village Condo Awaits You This magnificent, 3,254 square-foot, four-exposure home offers 4 bedrooms, 4.5 bathrooms, and an unparalleled opportunity to own a piece of Greenwich Village history revitalized for modern living. N See floor plan and full details here.

#1. The West Village

Average 2024 condo PPSF: $2,652 (-6%)

Average 2024 condo price: $4,614,426 (-16%)

Number of 2024 sales: 96 (+19%)

165 Charles Street, #18
$8,800,000

West Village | Condominium | 2 Bedrooms, 2.5 Baths | 2,356 ft²

165 Charles Street, #18 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Experience the pinnacle of luxury living at 165 Charles Street, Residence 18, a newly modernized and impeccably designed loft masterpiece nestled in one of the most coveted locations in the West Village. This residence boasts a rare, protected open view of the Hudson River, overlooking the recently completed Hudson River Park, with direct pedestrian access from Charles Street. There's no better vantage point than from 165 Charles Street to witness the most dramatic sunsets and watch boats glide by throughout the day. See floor plan and full details here.

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In this article:

NYC's 10 most expensive neighborhoods to buy a co-op (condos below)

#10. Riverside Dr./West End Ave.

Average 2024 co-op price: $1,417,157 (-1% Y-O-Y)Number of 2024 sales: 360 (-1% Y-O-Y)

#9. The West Village

Average 2024 co-op price: $1,475,262 (+2%)Number of 2024 sales: 168 (+6%)

#8. Greenwich Village

Average 2024 co-op price: $1,493,243 (-1%)Number of 2024 sales: 348 (+13%)

#7. Central Park West

Average 2024 co-op price: $2,336,555 (+5%)Number of 2024 sales: 262 (+8%)

#6. SoHo

Average 2024 co-op price: $2,345,567 (-23%)Number of 2024 sales: 55 (-5%)

#5. Carnegie Hill

Average 2024 co-op price: $2,604,837 (+8%)Number of 2024 sales: 351 (-4%)

#4. NoLiTa/Little Italy

Average 2024 co-op price: $2,737,500 (+158%)Number of 2024 sales: 2 (-33%)

#3. Tribeca

Average 2024 co-op price: $3,185,923 (-4%)Number of 2024 sales: 26 (+13%)

#2. NoHo

Average 2024 co-op price: $3,294,167 (+32%)Number of 2024 sales: 6 (-60%)

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