Finance

Central Park South is the most expensive street in New York City, new report shows — and it has a median sale price of nearly $10 million

The most expensive street in New York City is none other than Central Park South.

According to a recent report by real estate consultant company PropertyClub, Central Park South, a portion of 59th Street that stretches from Columbus Circle to Fifth Avenue along Central Park, had a median sale price of $9.8 million from January through July 2019, making it the most expensive street in New York City.

New York City has long been known for its expensive home prices. In fact, On PropertyClub’s list of the city’s most expensive streets, each street in the top 10 had a median sale price above $2 million. 

Read more: The 10 most expensive NYC neighborhoods to live in right now, ranked

The second-most expensive street in New York City, West 81st Street, had a median sale price of $5.9 million — nearly $4 million less than Central Park South.

Central Park South, which is home to a portion of New York City’s Billionaire’s Row, had a total of 53 sales from January through July 2019. 

The number of total transactions varies by street

While other streets on the list had more sales than Central Park South — like West 30th Street, which ranked No. 8 with a median sale price of $2.9 million and a total of 115 sales —  transaction prices on Central Park South were substantially higher than the other streets.

In fact, in January, billionaire hedge-fund manager Ken Griffin purchased a $238 million NYC penthouse at 220 Central Park South, which currently holds the record as the most expensive home sale in the US. In October, the New York Post reported that he purchased two more units on the building’s 20th floor for nearly $4 million.

PropertyClub concluded that Central Park South was the most expensive New York City street by using home sales data from the NYC Department of Finance. Only streets that recorded more than 20 sales from January through July 2019 were included in the study. 

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