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Brooklyn Heights dominates list of borough’s most valuable homes
The mansion at 40 Willow Place in Brooklyn Heights is valued at $6.14 million, and while the price might not garner so much as a second glance from New Yorkers residing across the East River, it makes it Brooklyn’s most valuable home. In fact, according to a PropertyShark.com report cited by Brownstoner, eight of the borough’s 10 most valuable homes are located in Brooklyn Heights. The ranking is based solely on the city’s assessment and does not take recent sales into account. That’s why 50 Remsen Street, the second most valuable home, is assessed at $5.85 million despite trading for $6.5 million in 2007. It also explains the absence of Gravesend homes, which, as Brownstoner notes, comprised many of the largest sales in the borough. For example, the city values 450 Avenue S in Gravesend, which sold for $11 million in 2003, at just $1.41 million. Rounding out the top three most valuable homes is 24 Evans Street, a Navy Yard home that at $5.78 million, is Brooklyn’s most valuable outside Brooklyn Heights. [Brownstoner]