According to a new report from PropertyShark, Malba emerged as the priciest neighborhood in Queens this year.
The “Most Expensive NYC Neighborhoods Report” found that New York City’s residential market activity was down 32 percent year over year.
Median sale prices, however, rose to $660,000, representing a one percent increase from last year.
Hudson Yards was the most expensive neighborhood in the Big Apple with a median sale price of $4.5 million. TriBeCa was the second most expensive, followed by Little Italy.
Malba came in 12th with a median sale price of $1.35 million. Queens overall made up 19 percent of the city’s priciest neighborhoods, with a median sale price of $520,000 and an eight percent increase year-over-year.
Neponsit was the 23rd most expensive neighborhood in New York City with a median sale price of $1.25 million.