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Where the Wealthy Live

A new analysis found that 7,279 homes in New York City are valued at $5 million or more. Unsurprisingly, the bulk of these residences are located in Lincoln Square (15 Central Park West has 206 alone), the Upper East Side, Tribeca, and the West Village, but the pricey Bronx enclaves of Fieldston and Riverdale also have a few, and Brooklyn counts 242. Of the total, 128 are valued at $25 million or more. The Journal asked the Independent Budget Office to complete the study to shed light on how much revenue could be earned from a new tax on the city's most expensive homes. [WSJ]

15 Central Park West

15 Central Park West, Manhattan, NY 10023