Property Shark has released his annual listing of the most expensive neighborhoods in New York with medium sale prices in 2017. DUMBO is ranked at #6, Boerum Hill at #8 and Red Hook at #9 .

With a median price of $1,980,496, DUMBO is Brooklyn’s #1 most expensive neighborhood.

Currently Brooklyn’s 2nd priciest neighborhood, Boerum Hill improved its positions thanks to a large volume of sales, mostly in newly launched luxury developments. Also ranking as New York’s #8 most expensive neighborhood, Boerum Hill closes 2017 with a $1,629,200 median sale price, registering a 52% year-over-year increase, the 4th highest in the city.

Ranking 16th the previous year, Red Hook climbed into the top 10 in 2017, landing at #9 with a median price of $1,625,000.