The importance of location in New York real estate cannot be overstated. New York City is a prime example of how location can significantly impact property values and desirability. Neighborhoods such as the Upper East Side, Tribeca, and Park Slope command premium prices due to their proximity to amenities, schools, and transportation hubs.

References to renowned landmarks such as Central Park, the Empire State Building, and the Statue of Liberty further enhance the appeal of certain locations, driving up real estate prices. Additionally, access to public transportation, such as being near subway lines or bus routes, can greatly influence the attractiveness of a location.

Furthermore, the type of neighborhood can also play a crucial role. For example, the transformation of areas like Williamsburg in Brooklyn from industrial zones to trendy residential neighborhoods has had a significant impact on property values in those locations.

It's clear that in New York real estate, location is a key factor that can make a substantial difference in property values and desirability.