By: Mario Mancini

Hudson Yards, New York City’s high-end megadevelopment on the Far West Side of Manhattan, has maintained its position as the city’s most expensive neighborhood for a remarkable sixth year in a row, as reported by The NY Post. According to a new report from PropertyShark, the median sale price in Hudson Yards during the first quarter of 2025 reached an eye-popping $5.36 million, despite a significant $645,000 year-over-year price drop.

The Far West Side enclave has consistently outpaced its competitors, driven largely by high-end condominium sales and a notable surge in transactional activity. In fact, Hudson Yards has solidified its place at the top of the luxury market, making it clear that this neighborhood, which was once considered a risky development, has fully entrenched itself as a prime location for the city’s wealthiest buyers.

The report from PropertyShark, which analyzed sales data for condos, co-ops, and single-family homes across the city, also highlights the overall strength of New York City’s luxury real estate market. While the median sale price across the city climbed 10% to $1.15 million in Q1 2025, Hudson Yards still stood out with its median of $5.36 million, making it the clear leader among the city’s priciest neighborhoods. In fact, 41 of the top 50 neighborhoods now have median sale prices above $1 million — a testament to the growing strength of the city’s luxury market.

As The NY Post reported, Hudson Yards has held its dominant position since 2019, when the megadevelopment first began to make its mark on the city’s real estate landscape. The neighborhood is home to some of the most expensive real estate in the world, with a variety of luxury condos that cater to a high-end clientele. The development includes not only residential properties but also office spaces, retail stores, and cultural institutions, further solidifying its place as one of New York City’s most sought-after areas.

The dominance of Hudson Yards in Q1 2025 is further underscored by the sales figures, with six of the 13 transactions in the neighborhood exceeding $6 million. Two of these deals took place at the prestigious 35 Hudson Yards, where an 8,901-square-foot unit sold for $13.99 million, while another 8,601-square-foot unit fetched $12.5 million. These two eight-figure sales helped elevate the neighborhood’s profile, as did several other deals in the same range, including a 2,249-square-foot unit sold for $4.99 million.

“The demand for high-end condos in Hudson Yards remains strong,” said Eliza Theiss, the report’s author, in an interview with The NY Post. “Since the residential developments started selling in the area, the neighborhood has become synonymous with luxury. The high-end stock that dominates the submarket of Manhattan continues to draw wealthy buyers.”

Despite a surge in sales, Hudson Yards only saw an 160% year-over-year increase in transaction volume, with eight additional sales over the past year. Nevertheless, the neighborhood’s dominance is unlikely to end anytime soon, according to Theiss, who predicts that Hudson Yards will continue to dominate New York City’s real estate rankings well into the future.

While Hudson Yards has maintained its lead, other neighborhoods have also shown growth in the luxury market.

Even as Hudson Yards holds onto its top spot, Brooklyn is showing signs of growth. The borough now has 22 neighborhoods in the top 50 list, with Cobble Hill leading the charge with a median sale price of $1.91 million. While Brooklyn’s growth is still in its early stages compared to Manhattan, it’s clear that the borough’s luxury market is steadily gaining traction.