Property Shark has released its annual listing of the most expensive neighborhoods in New York with medium sale prices in 2019. Cobble Hill ranked #9 and DUMBO #10 most expensive neighborhoods in New York City last year, with DUMBO loosing the lead to Cobble Hill in Brooklyn.
With a significant 82% Y-o-Y gain, Cobble Hill rose to Brooklyn’s top spot with a $1.6 million median price. Contributing to the surge in 2019 were 24 sales at The Cobble Hill House (with a $2.2 million median) and 12 sales at Polhemus that registered a $4.3 million median.
Consequently, DUMBO and Boerum Hill – the first- and second-most expensive Brooklyn neighborhoods for two years straight – lost their respective spots in 2019. DUMBO dipped 20% and Boerum Hill dropped 33%, with medians of $1.5 million and $1.1 million, respectively.
