It’s not as catchy as 90210, but the Upper East Side ZIP code 10065 is now the most expensive in America, according to Forbes.

The nation’s most spendy nabe runs east from Central Park past Park Avenue to the East River, and north from 60th Street to 69th. The ZIP code is home to more than 50 condos with seven-figure-plus price tags and luminaries such as David Rockefeller, Rupert Murdoch, Ronald Perelman, Sumner Redstone and Robert Bass. The median asking price for 10065-area homes is a hefty $6.5 million, with a $40 million, six-level Modernist limestone townhouse coming to a vacant lot at 34 East 62nd Street. The property, developed by Janna Bullock, will have a subterranean indoor pool, a glass elevator and a private courtyard accessorized with a waterfall, Forbes reported (Well, there goes the neighborhood).

Surprisingly, this is the first time that a Manhattan neighborhood has hit the top spot on the VIP ZIP list. The 2011 moneybags prom queen, Alpine, N.J.’s 07620, was No. 2 this year, followed by Atherton, Calif.’s 94027 at No. 3. The suburban Alpine area boasts a median home price of $5.75 million and tiny, unabashedly posh Atherton has a median of $4.9 million.

Forbes created the list using data from Mountain View, Calif.-based Altos Research, which took pricing information from over 22,000 ZIP codes in the country for June 28 to Sept. 28. Altos pulled the median asking price for single-family homes and condominiums, excluding co-ops, which explains the exclusive Central Park enclaves placing lower on the list.

Four Manhattan ZIP codes vaulted into the top 10, including West Village’s 10014 at No. 6, the Upper East Side’s 10021 at No. 8 and the Upper East Side’s 10075 at No. 10. Limited inventory in trendy areas such as Tribeca and Soho pushed prices up for the second year in a row.

“Manhattan’s market is frothy right now,” Dolly Lenz, vice chairman of Prudential Douglas Elliman, told Forbes.

So now when you say that the Upper East Side is total old money, new market, you’re completely right.

Developments featured in this article

More Like This

Facebook Chatter