Wednesday, October 8, 2008


Forbes released their annual list of most expensive zip codes.

How a prolonged decline in the finance sector will affect next year's list is unknown, but there's already been slowing in prime areas around New York that depend on Wall Street cash. Amagansett (11930), on Long Island, home to mansions, sailboats and big cars, fell $375,000 this year to $1.675 million. Great Neck, N.Y., (11024)--the model for F. Scott Fitzgerald's The Great Gatsby--on the landed North Shore, dropped $310,000 last year to $1.03 million.

Crain's broke it down for us.

[Long Island] claimed five of the Top 25 wealthiest ZIP codes in the country . . . Two of the Top 25 were in Manhattan, and one was in Westchester. The rankings were based on 2007 median home prices.

Taking the cake for New York state was Mill Neck, ZIP code 11765, in Nassau County, which ranked third overall with a median sales price of $3 million. Water Mill, ZIP code 11976, in Suffolk County ranked fifth with a median sales price of $2.7 million, and Wainscott, ZIP code 11975, in Suffolk County ranked eighth with a median home price of $2.6 million.

Manhattan joined the list at No. 14 with TriBeCa, ZIP code 10013, which had a median sale price of $2.2 million in 2007. ZIP code 10007, also in TriBeCa, came in 17th with a median sales price of nearly $2 million. Bridgehampton in Suffolk County, Purchase in Westchester County and Old Westbury in Nassau County came in 19th, 20th and 22nd, respectively.

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