NY: Upper East Side Street Second Most Expensive Real Estate in US

Upper East Side, New YorkFor those who think Forbes’ annual list of the most expensive zip codes covers too much terrain, a new analysis has honed in on the priciest streets. And not surprisingly, New York’s poshest real estate is a seven-block stretch of the Upper East Side’s Gold Coast, 70th to 77th Streets between Park and Fifth Avenues.

The median home price within this golden fortress of townhouses and pre-war co-ops is $2.8 million, second only to a part of Beverly Hills. And yet, doesn’t that sound low? After all, the ‘hood has seen sales of $53 million, and uber-prestigious buildings like 740 Park and 927 Fifth are within those borders.

The research was done by Location Inc. and reported in a Post story. Interestingly, the most expensive current listing on the Upper East Side–the $72 million mansion at 1016 Madison Avenue–is just a few steps north of the cutoff.

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