【NYC Real Estate】Median Sales Surge 61% in a Queens Neighborhood That's Now the Fifth Priciest in NYC
- ARCFE U.S.
- 10 hours ago
- 2 min read
A Queens neighborhood has broken into New York City's top five most expensive areas for the very first time. According to PropertyShark's latest quarterly report, Malba — a small, affluent enclave in Whitestone near the Nassau County line — saw its median sales price surge a breathtaking 61% year-over-year to a record $2.5 million during Q1 2026.
That stratospheric jump placed Malba as the fifth priciest neighborhood in all of New York City, standing just behind Tribeca and Soho. It marks the first time a Queens community has ever cracked the top five on PropertyShark's closely watched rankings.
The surge was driven by larger-than-normal homes trading hands during the quarter. Residences that sold in Malba averaged a spacious 3,096 square feet — far above the area's year-ago average of 1,351 square feet. Among the notable transactions, a nearly 5,000-square-foot home at 104 Malba Drive sold for $3.12 million in March.
Across the city, the luxury market continued to show strength. Hudson Yards remained the priciest neighborhood overall with a $4.62 million median, while Tribeca jumped 29% year-over-year to $4.25 million. The data paints a clear picture: demand for premium residential real estate in New York City remains exceptionally robust heading into mid-2026.
Source: NY Post
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