The most expensive areas in Manhattan are generally West Village, Tribeca and Soho.
However, as I always mention to clients, a good buy depends on location and building quality. Just because a property is in the West Village doesn't mean it's hot, will appreciate tremendously etc. "Most expensive" here refers to what you can get for a certain price point. Or the amount of extra renovation you should still expect to put in despite already paying a very high price.
For example, $1 million may only get an old 1-bedroom condo in the West Village. But in another area, it may get a 1-bedroom in a nice luxury condo with amenities such as a pool, fitness center and nice courtyard. To get a 1-bedroom in a luxury condo in the West Village, you may have to pay $2 million. Hence West Village is "expensive."
