HELL’S KITCHEN, NY — Despite lots of talk about declining rent during the pandemic, several Manhattan ZIP codes remain among the most expensive in the U.S. — including the 10019 ZIP code in Hell’s Kitchen, according to a new study.
Property Club, a New York City-based real estate company, looked at all residential sales nationwide between March 13 and Sept. 7 to determine the 125 priciest ZIP codes during the pandemic thus far.
The 10013 ZIP Code, which includes the northern part of Hell’s Kitchen and Midtown, is the sixth-most expensive in New York City and ranked No. 87 on the nationwide list, with a median home sale price of $1,750,000.
The priciest ZIP code in New York State was not in the city, however, but out on the East End of Long Island: Sagaponack’s 11962 ZIP Code came in third on the nationwide list with a $3,795,000 median home sale price.
Four of the top six most expensive New York City ZIP Codes during the pandemic are in Lower Manhattan. The top five most expensive are as follows:
Here are the five most expensive New York City ZIP Codes after 10013:
- SoHo, Tribeca, Chinatown (10013): $3,250,000 median home sale price
- Upper West Side (10069): No. 17, $3,070,000 median home sale price
- Tribeca/Lower Manhattan (10007): No. 20, $2,900,000 median home sale price
- Battery Park (10282): No. 26, $2,712,500 median home sale price
- SoHo/Greenwich Village (10012): No. 51, $2,150,000 median home sale price
The top two in the nation are both in California: Atherton (94027), a Bay Area suburb, came in at No. 1 with a median home sale price of nearly $6.7 million. In Los Angeles, Beverly Hills (90210) finished at No. 2 with a $4.08 million median home sale price.
More than two-thirds of the priciest ZIP codes identified are in California. Only 15 states make up the entirety of the list, with 18 ZIP codes holding a median sale price of over $3 million.
ZIP codes with fewer than five closed sales between the study time frame were not considered, according to the methodology. The full report from Property Club is available on its website.
Gus Saltonstall contributed to this report.