An Upper West Side zip code showed the largest increase in median home sale prices in 2020, Patch first reported. The statistic was revealed in a recent study by Property Shark which covered the 100 most expensive zip codes in the US.
The UWS zip code with the largest price increase is also the smallest in the neighborhood: 10069, which stretches from 59th to 72nd Streets along Freedom Place and Riverside Boulevard.
The median sale price in this zip code, which is commonly referred to as Lincoln Square, increased by 42% in 2020. This equates to about $800,000, bringing 10069’s median apartment price to $2,725,000.
This makes it the third most expensive zip code in NYC, trailing two zip codes in Tribeca. Tribeca’s 10007 is the only NYC zip code in which the median sales price was over $3 million.
It also makes 10069 the twenty-second most expensive zip code in the country.
Property Shark largely attributes this dramatic increase to Waterline Square, a three-building condo and rental complex located between 59th and 61st Streets along the water. As of writing, the 37 active sales listings (via Streeteasy) at the luxury complex, filled with amenities and a private park, range in price from $1,875,000 to $18,000,000.
Other expensive neighborhood buildings further contribute to 10069’s placement on the list:
- 60 Riverside Boulevard (The Aldyn), where prices currently range from $999,000 to $16,000,000.
- 50 Riverside Boulevard (One Riverside Park), where prices range from $1,395,000 to $9,950,000.
- 80 Riverside Boulevard (The Rushmore), where prices range from $1,095,000 to $17,000,000.
Not all top-ranking NYC zip codes showed the same pattern this year, however.
“… at the other end of the spectrum was 10018 in the Garment District, which saw its median drop 38% or nearly $1 million. In 2019, it was the #26 most expensive zip code in the U.S. with a $2,520,000 median sale price, whereas, in 2020, it placed #84 at $1,575,000.”
The median price increased in 78 of the 100 most expensive zip codes in the country, according to the study.Get the Upper West Side newsletter: