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Pandemic Causes Sales to Plunge 85% in Hudson Yards, NYC’s Priciest Neighborhood & Prices to Dip 8% in Manhattan

Key Takeaways: Residential sales across NYC dropped 32% year-over-year in 2020Median sale price in New York City (all four boroughs) rose to $660,000, a 1% uptick from last yearOnly 9 NYC neighborhoods recorded an increase in sales activity in 2020Hudson Yards had the highest median sale price in NYC at $4,504,000TriBeCa was #2 priciest for second year in a row; Little Italy was #3 priciestSales activity in Gowanus surged 113% & Malba and Neponsit’s medians exceeded $1,000,000 As the COVID-19 pandemic swept across New York City, 2020 was marked by dramatic decreases…