Malba is the king of Queens.<\/p>\n
The affluent district, a small subsection of Whitestone near the Nassau County line, is now one of the priciest neighborhoods in all of New York City, according to a new study \u2014 bringing a Queens enclave into the top five most-expensive spots for the very first time.<\/p>\n
Real-estate data and research company PropertyShark just released its latest top 50 priciest NYC neighborhoods<\/a> list, showing that Malba saw a breathtaking 61% year-over-year surge in median sales price to a record $2.5 million during the first quarter of 2026. That stratospheric jump made Malba the fifth priciest neighborhood in New York City overall \u2014 standing three spots behind famously wealthy Tribeca and two spots behind always-fashionable Soho.<\/p>\n Malba is a small enclave in Queens standing close to Nassau County. blackboxguild via Adobe Stock<\/p>\n With the Whitestone Bridge in view, it just put Queens in the city\u2019s top five priciest neighborhoods list for the very first time. Michael Sofronski<\/p>\n Among the current listings there, a four-bedroom spread at 4 Point Crescent asking $3.88 million. Courtesy of Douglas Elliman<\/p>\n The notable increase in median sales price stems from larger-than-normal homes trading hands in Malba during the first quarter, the report adds. Residences that sold there during those months averaged a roomy 3,096 square feet \u2014 far above the area\u2019s year-ago 1,351-square-foot average. That\u2019s also a good chunk bigger than the Queens 2,025-square-foot single-family home average.<\/p>\n Among those recent sales, a nearly 5,000-square-foot dwelling at 104 Malba Drive<\/a> that sold for $3.12 million in March, according to StreetEasy. That property stands on a 9,000-square-foot lot with four bedrooms, an open kitchen with a large island and \u2014 outside \u2014 a resort-style pool.<\/p>\n In January, a 2,000-square-foot brick residence at 141-37 11th Ave. sold for $1.1 million<\/a>, StreetEasy also shows. Meanwhile, in February, a five-bedroom property perched on the waterfront found a new owner<\/a> for $2.82 million.<\/p>\n The PropertyShark report additionally notes that Malba is home to only some 850 residents who largely live in single-family homes \u2014 meaning availability is more limited than other parts of the city. <\/p>\n At present, StreetEasy shows only six houses listed for sale in Malba. One, a four-bedroom spread at 4 Point Crescent<\/a>, asks $3.88 million \u2014 and comes with views of the Whitestone Bridge, a living room adorned with a fireplace, a gourmet kitchen with cherry cabinetry and a backyard with a private pool.<\/p>\n 4 Point Crescent features a large kitchen. Courtesy of Douglas Elliman<\/p>\n It also has a pool. Courtesy of Douglas Elliman<\/p>\n Overall, Hudson Yards remains the city\u2019s priciest neighborhood in terms of median sales price. Christopher Sadowski for NY Post<\/p>\n Tribeca, home to 56 Leonard St. ranked second overall. Corbis via Getty Images<\/p>\n \u201c[Malba] has gotten more expensive primarily because there is only very limited inventory and only one-family detached houses, no big condo or rental buildings,\u201d said that home\u2019s listing agent Susanne Gutermuth, of Douglas Elliman. \u201cWhile it\u2019s still a hidden gem, it\u2019s in a convenient location \u2014 tucked away but at the same time a hop and a skip to the cross island and the bridges, which makes it very easy to commute and get around. Also, almost every street you drive down has new construction or complete remodels \u2014 there is a lot of money flowing into the area, and some houses have incredible views of the bridges and the Long Island sound. It\u2019s absolutely beautiful, with impressive mansions and much lower taxes than Westchester or Long Island.\u201d<\/p>\n All the way across the city, Hudson Yards<\/a> ranked New York\u2019s most expensive neighborhood \u2014 as it has multiple times<\/a> in the PropertyShark reports. There, the median price hit $4.62 million, marking a 14% year-over-year drop. That\u2019s due to six deals closing at 35 Hudson Yards \u2014 a development where 14 units are now for sale. The most expensive among them: a nearly 3,850-square-foot four-bedroom priced at $8.95 million.<\/p>\n As for the other pricey city districts, they\u2019re the usual suspects.<\/p>\n At No. 2, Tribeca, whose median sale price jumped 29% year-over-year to $4.25 million. No. 3 Soho, with a median of $3.25 million, saw a 16% year-over-year dip. Neighboring Hudson Square on Soho\u2019s western \u2014 and more office-heavy \u2014 end came at No. 4 at $2.95 million, a 13% year-over-year climb.<\/p>\n","protected":false},"excerpt":{"rendered":"Malba is the king of Queens. 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