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Median sales surge 61% in a Queens neighborhood that’s now the fifth priciest in NYC

Nypost · · 615 words · By Zachary Kussin
Real Estate Market Trends Neighborhood Affluence
open_in_new Read the original article: https://nypost.com/2026/05/04/real-estate/malba-queens-is-now-one-of-the-citys-p…

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

18 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

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“Malba... is now one of the priciest neighborhoods in all of New York City... bringing a Queens enclave into the top five most-expensive spots for the very first time.”
SINGLE SOURCE
While Wikipedia and YouTube titles mention Malba as an expensive neighborhood, there is no specific data in the provided evidence confirming it is currently in the 'top five' most expensive neighborhoods in NYC or that it is the first Queens neighborhood to achieve this.
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web search NEUTRAL — Neighborhood of Queens in New York City.Most of the residential properties in Malba are large expensive homes. The first known resident of the area known as present-day Malba was David Roe, who arrive…
https://en.wikipedia.org/wiki/Whitestone,_Queens
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web search NEUTRAL — Focusing on the city’s 50 most expensive neighborhoods, 53 neighborhoods were included in the ranking in the first quarter of 2025 due to three pricing ties.
https://www.aol.com/lifestyle/york-citys-most-expensive-neig…
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web search NEUTRAL — About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features.
https://www.youtube.com/watch?v=3OPVIOjAcbo
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“PropertyShark... 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.”
SINGLE SOURCE
The evidence mentions a PropertyShark report regarding general median sale price increases in NYC (77%) and a general mention of 61% Y-o-Y rises in some zip codes, but it does not specifically confirm the 61% surge to $2.5 million for Malba in Q1 2026.
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web search NEUTRAL — According to PropertyShark, the median sale prices among the city's most expensive neighborhoods have increased 77 percent.
https://www.nbcnewyork.com/news/local/these-are-the-priciest…
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web search NEUTRAL — The median U.S. luxury sale price was $1,395,456, up 3.6% year over year—the slowest growth in five years.Other Metro-Level Luxury Highlights: March 2026. Redfin’s metro-level luxury data includes the…
https://www.businesswire.com/news/home/20260501923357/en/San…
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web search NEUTRAL — The March median home sales price was $300,000, up just over 4% compared to February. The number of sales fell 9.7% compared to the same time last year, hitting over 8,100 in March. However, sales inc…
https://pennwatch.org/pennsylvania-median-home-sales-price-j…
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“That stratospheric jump made Malba the fifth priciest neighborhood in New York City overall — standing three spots behind famously wealthy Tribeca and two spots behind always-fashionable Soho.”
SINGLE SOURCE
The evidence discusses Hudson Yards, Soho, and Tribeca's rankings, but does not provide the specific ranking of Malba as the fifth priciest neighborhood.
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web search NEUTRAL — She noted that the neighborhood only slipped from the top spot in quarters with fewer than five sales, such as Q3 2024, when Soho claimed first place, or Q2 2020, when Tribeca took the lead. Manhattan…
https://nypost.com/2025/04/25/real-estate/hudson-yards-is-th…
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web search NEUTRAL — Manhattan Dominates Top 10 Priciest Neighborhoods. The city’s growing sales and price trends were also reflected among NYC’s top 10 most expensive zip codes, six of which saw their medians rise by as …
https://www.aol.com/lifestyle/york-citys-most-expensive-neig…
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web search NEUTRAL — View fullsize Map highlighting the neighborhood of Malba in New York City. Geographic Setting. Bounded by the Whitestone Expressway to the east, 15th Avenue to the south, 138th Street to the west, and…
https://www.cityneighborhoods.nyc/malba
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“Residences that sold there during those months averaged a roomy 3,096 square feet — far above the area’s year-ago 1,351-square-foot average.”
SINGLE SOURCE
No evidence was provided that specifies the average square footage of homes sold in Malba for Q1 2026 or the previous year.
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web search NEUTRAL — Square Feet find square feet. sq ft.One square foot is equivalent to the area of a square with sides that are each 1 foot in length.[1] One square foot is equal to 144 square inches or 0.092903 square…
https://www.inchcalculator.com/convert/square-foot-to-square…
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web search NEUTRAL — Malba Recently Sold Homes. 84 results. Sort: Homes for You.117 Malba Drive, Malba, NY 11357. Re/max 1ST choice.
https://www.zillow.com/malba-queens-new-york-ny/sold/
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web search NEUTRAL — You Won’t Believe This Waterfront Home in Malba, NY | New York Luxury Real Estate TAKE A LOOK INSIDE SOME OF THE BEST HOMES AND MANSIONS IN THE USA | 3 HOUR...
https://www.youtube.com/watch?v=B8zYKkxc1Cs
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“That’s also a good chunk bigger than the Queens 2,025-square-foot single-family home average.”
SINGLE SOURCE
The provided evidence discusses general house sizes in the US and Australia, but does not provide the specific average for single-family homes in Queens.
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web search NEUTRAL — Square meters and square feet are both units of area measurement used in different parts of the world.Understanding square feet is important for homeowners, renters, and real estate professionals to a…
https://www.metric-conversions.org/area/square-meters-to-squ…
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web search NEUTRAL — Looking just at the average size of newly built houses—as opposed to an average for all houses in a country, which is a smaller number—Australia, Canada, and New Zealand are on par with the U.S.; the …
https://www.theatlantic.com/family/archive/2019/09/american-…
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web search NEUTRAL — Average home sizes in Queensland. It’s a similar story in Queensland, which has seen new houses get nearly 21m2 smaller and new townhouses shrink by less than two square metres in the last 15 years.
https://www.comparethemarket.com.au/home-loans/statistics/av…
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“a nearly 5,000-square-foot dwelling at 104 Malba Drive that sold for $3.12 million in March, according to StreetEasy.”
DISPUTED
There is conflicting evidence regarding the sale price of 104 Malba Drive in March 2026. Redfin and Zillow report a sale price of $3,000,000 on March 24, 2026, whereas the claim states $3.12 million.
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web search NEUTRAL — 104 Malba Drive, Whitestone, Ny, 11357: Situated in the highly coveted enclave of Malba, this extraordinary 4,996 sq. ft. residence rests on an expansive 9,000 sq. f...
https://streeteasy.com/building/104-malba-drive-whitestone/h…
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web search NEUTRAL — View 104 Malba Drive Malba, NY MLS# 916478.Weichert Realtors is one of the nation's leading providers of Malba, New York real estate for sale and home ownership services. Contact Weichert today to buy…
https://www.weichert.com/NY/Queens/Malba/
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web search NEUTRAL — The 5,000 Square Feet single family home is a 4 beds, 6 baths property. This home was built in 2004 and last sold on 2024-10-16 for $2,495,000. View more property details, sales history, and Zestimate…
https://www.zillow.com/homedetails/1104-Malba-Dr-Malba-NY-11…
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“That property stands on a 9,000-square-foot lot with four bedrooms, an open kitchen with a large island and — outside — a resort-style pool.”
VERIFIED
Multiple sources (StreetEasy, Redfin, Zillow) confirm the property at 104 Malba Drive has approximately 4,996-5,000 square feet, 4 bedrooms, and is on a 9,000-square-foot lot.
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web search NEUTRAL — Sold: 4 beds, 4 baths, 4996 sq. ft. house located at 104 Malba Dr, Whitestone, NY 11357 sold for $3,000,000 on Mar 24, 2026. MLS# 916478. Situated in the highly coveted enclave of Malba, this extra...
https://www.redfin.com/NY/Whitestone/104-Malba-Dr-11357/home…
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web search NEUTRAL — Find Property Information for 104 Malba Drive, Malba, NY 11357. MLS# 916478. View Photos, Pricing, Listing Status & More.
https://www.coldwellbanker.com/ny/malba/104-malba-dr/lid-P00…
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web search NEUTRAL — 104 Malba Dr, Flushing, NY 11357 is currently not for sale. The 4,996 Square Feet townhouse home is a 4 beds, 5 baths property. This home was built in 2005 and last sold on 2026-03-24 for $3,000,000. …
https://www.zillow.com/homedetails/104-Malba-Dr-Flushing-NY-…
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“In January, a 2,000-square-foot brick residence at 141-37 11th Ave. sold for $1.1 million, StreetEasy also shows.”
SINGLE SOURCE
The search results for 141-37 11th Ave did not return a match for a sale of $1.1 million in January; the results provided were for unrelated addresses.
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web search NEUTRAL — Here’s a look at what sold for close to $1 million in March. A single-family house in St. Petersburg that sold for $999,900 tops the list at 3,162 square feet.
https://www.tampabay.com/news/real-estate/2026/04/29/what-1-…
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web search NEUTRAL — At $935,000 ($587 per square foot), the single-family residence located at 372 Rutherford Blvd., Clifton, offered another opportunity below the targeted price range when it changed hands in March.
https://www.nj.com/realestate-news/2026/04/homes-at-or-under…
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web search NEUTRAL — The 900 Square Feet condo home is a 2 beds, 1 bath property. This home was built in 1967 and last sold on 2021-09-09 for $--. View more property details, sales history, and Zestimate data on Zillow.
https://www.zillow.com/homedetails/144-24-37th-Ave-3-Flushin…
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“in February, a five-bedroom property perched on the waterfront found a new owner for $2.82 million.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to corroborate this specific sale.
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“The PropertyShark report additionally notes that Malba is home to only some 850 residents who largely live in single-family homes”
INSUFFICIENT EVIDENCE
No evidence was found regarding the specific population count of Malba residents in the provided search results.
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“At present, StreetEasy shows only six houses listed for sale in Malba.”
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“One, a four-bedroom spread at 4 Point Crescent, asks $3.88 million”
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“Hudson Yards ranked New York’s most expensive neighborhood... There, the median price hit $4.62 million, marking a 14% year-over-year drop.”
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“That’s due to six deals closing at 35 Hudson Yards — a development where 14 units are now for sale.”
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“The most expensive among them: a nearly 3,850-square-foot four-bedroom priced at $8.95 million.”
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“At No. 2, Tribeca, whose median sale price jumped 29% year-over-year to $4.25 million.”
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“No. 3 Soho, with a median of $3.25 million, saw a 16% year-over-year dip.”
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“Neighboring Hudson Square... came at No. 4 at $2.95 million, a 13% year-over-year climb.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.