Real estate
TriBeCa tops city in decade-long price spike
BY EMILY DAVENPORT
It’s no secret that New York City is an
expensive place to live — but how much
has the price changed since 2010?
A new report by PropertyClub sought
in New York City neighborhood have
climbed over the past decade. According
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had the biggest spike, skyrocketing from
a median price of $1,150,000 in 2010 to
$2,500,000 in 2019 — a 117% increase
with a $1,350,000 price difference.
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Ca. In 2010, the trendy neighborhood
had median sale price of $1,914,349, but
by 2019, it shot up to $3,085,000. While
it was only a 61% increase overall, the
Report finds that ten Manhattan streets are
among the most expensive for renting
BY EMILY DAVENPORT
A new report took a look at which
New York City streets were the
most expensive to rent a home.
According to StreetEasy.com’s latest
report, they found that ten most expensive
streets for renting were all found in
Manhattan, particularly in Tribeca and
SoHo. However, after using their Rent
Score tool (which analyzes qualities
of the apartments themselves such as
$1,170,651 price difference secured its
place on the list.
The Fashion District in Manhattan
to produce a score), they found that the
Flatiron District’s Fifth Avenue was the
most expensive with a median score of
9.83.
A contributing factor to Fifth Avenue’s
score, according to StreetEasy, is that the
street’s most expensive building, located
at 212 Fifth Avenue, has a median rent
of $26,500 per month.
The rest of StreetEasy’s list is
found its way to the bronze medal in the
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While the area had a median selling price
completely dominated by streets found
in Tribeca and SoHo. At the second and
third spots on the list are SoHo’s Greenwich
Street and Tribeca’s Laight Street,
each securing a score of 9.81. Following
close behind at number four is Tribeca’s
Hudson Street with a score of 9.79.
Filling in the middle of the list is
SoHo’s Greene Street, Mercer Street and
sixth and seventh spots, respectively, on
of $900,000 in 2010, the price skyrocketed
to $1,872,500 in 2019, marking a
$972,500 (or a 108%) increase over those
ten years.
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number four spot on PropertyClub’s list
with their median price of $549,500 in
2010 boosting up to $1,439,253 in 2019.
The $889,753 marked at 162% increase
for the neighborhood over the past ten
years.
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tan’s Lower East Side. With a median
selling price of $610,000 in 2010, the
price shot up to $1,396,966 in 2019,
marking a $786,966 price increase, or a
132% increase overall.
Read the full report at propertyclub.
nyc.
PHOTO VIA PIXABAY
StreetEasy’s list. They each earned a rent
score of 9.77.
Two of Tribeca’s streets, Washington
Street and Lispenard Street, took the
eighth and ninth spots on the list, each
earning a score of 9.72. Rounding out
the bottom of the list is SoHo’s Crosby
Street, which produced a 9.71 rental
score.
To read the full report, visit streeteasy.
com.
26 J a n u Jaarnyu 2a3r,y 2 2032,0 2020 SScchhnneeppss Meeddiiaa
/StreetEasy.com
