Where do rich people live in manhattan? (2024)

The most expensive areas of New York are NoHo, Hudson Yards, Tribeca, Central Park South, and Nolita. The average sales price in these areas exceeds $3 million. As you might expect, most wealthy New Yorkers live in Manhattan. More than half of the city's 50 wealthiest neighborhoods are located in Manhattan, including the 15 most expensive. While Brooklyn has 19 of the most expensive neighborhoods, Queens has 5, and Staten Island has 1. You can also feel rich if you live in Coliving in Manhattan; here, you can afford to live in a beautiful area without overpaying for apartment rent.

Where do rich people live in Manhattan?

Rich people in Manhattan often live in affluent neighborhoods such as the Upper East Side, Tribeca, SoHo, Hudson Yards, and the West Village.

Noho

With the highest median sales price of $3.27 million, NoHo ranks first among New York City's most expensive neighborhoods. NoHo's favorable downtown location has made it a sought-after location among buyers, and high demand coupled with low inventory has pushed prices to record levels in the area.

Most apartments for sale in NoHo are unique, with high ceilings, often exposed beams, and exposed brick walls. You can check out the rental for yourself at Coliving in NYC, in this area, to join the happy residents of NoHo.

Hudson Yards

New York City's second most expensive neighborhood is Hudson Yards, home to a thriving median sales price of just over $3.2 million and numerous luxury condominiums. If you're looking for a modern and stylish place to live in New York City and have the means to do so, buildings like 15 and 30 Hudson provide some of the most luxurious residences in the world, not to mention breathtaking views, costing millions.

Hudson Yards has radically transformed the western part of Midtown Manhattan so that walking through this area can feel like you are in the elite neighborhood of Chelsea. Overall, purchasing a condo or renting a Coliving in this area is an excellent investment for those looking to own a home in one of New York's hippest neighborhoods.

Tribeca

Where do the rich live in Manhattan? Also, one of the most expensive areas of New York is Tribeca. The area has long been renowned for its status as one of the wealthiest in the city and is popular with celebrities and members of the tech industry. In fact, in both 2018 and 2019, Tribeca had the highest real estate prices, exceeding an average of $4 million per home. Last year, however, the median home price in Tribeca dropped to $3.15 million, making it the third most expensive neighborhood in New York City.

Where do rich businessman live in Manhattan? Lofts in Tribeca are still in demand, but the latest trend is ultra-luxury apartments, including new tall towers like 56 Leonard, which many call the "Jenga Tower." Other significant apartment buildings include 110 Murray Street and 30 Park Place, as well as redeveloped buildings such as the Woolworth Tower Residences at 2 Park Place. Apartments for sale in these buildings are expected to set new price records for Lower Manhattan.

Central Park South

Central Park South is home to billionaires, so it's no surprise that it's one of the richest neighborhoods in New York City. What kind of houses do rich people in Manhattan live in? It is home to some of the city's most expensive and famous buildings, including One57, 432 Park Avenue, and 111 West 57th. Penthouses with breathtaking views of Central Park and the New York skyline fetch the highest prices in Central Park South, often reaching tens of millions of dollars.

There are also some more affordable co-ops and apartments nearby, but don't expect the views, white-glove service, or luxury amenities that come with billionaire-owned high-rises.

Nolita

Where do the rich live in Manhattan? The average sales price in Nolita is just over $3 million, placing the area among the top five most expensive neighborhoods in New York City. Although Nolita is short for "Little Italy North," the area has recently been more influenced by its neighbor to the west, SoHo, and neighbor to the north, NoHo. This has contributed to the formation of a diverse cultural and entertainment environment. The picturesque tree-lined streets are lined with stylish new boutiques, chic art galleries, and trendy bars. This wonderful atmosphere has contributed to the increase in real estate prices in Nolita.

Theater District

Where do rich people live in Manhattan? The Theater District is another of the most expensive areas to live in in New York. Last year, the average sale price for real estate in this area, located in the heart of Midtown, was $2,970,000.

Although there are many properties on the market in the Theater District, price increases are largely due to the increased construction of new buildings. Over the past decade, a number of luxury apartments have been built in the area, attracting the attention of buyers looking to settle in the heart of the city.

Bowery

Where do the rich live in Manhattan? The Bowery is an area that has experienced prosperity in recent years. Despite its historical reputation as one of Manhattan's most affordable neighborhoods, the growth of new developments has caused property values to skyrocket. The average price of a home on the Bowery has reached $2,350,000, making it the seventh most expensive place to live in New York City.

The real estate market in this area is small but dynamic. Many properties may not be available, but the Bowery offers a variety from historic antebellum buildings to luxury condominiums.

Soho

Where do all the rich people live in Manhattan? SoHo is an upscale neighborhood in Lower Manhattan, characterized by high levels of wealth and considered one of the most expensive areas of New York City. The Soho real estate market has long been a leader in the city thanks to its stylish lofts and luxury apartments that command attention with their sophistication. The area is renowned for its luxurious atmosphere and historic cast-iron architecture and offers world-class shopping, dining, arts, and cultural attractions.

With their more classic New York feel, Lofts in SoHo continues to be in high demand while prices remain extremely high.