Residential Manhattan Beach
When thinking of New York’s hottest and priciest neighborhoods, Soho, Tribeca and the West Village come to mind in Manhattan, and Brooklyn Heights, Park Slope and Williamsburg in Brooklyn. But according to Property Shark data cited by the New York Daily News, one the city’s priciest neighborhoods is the oft–overlooked Manhattan Beach in Brooklyn.
Property Shark analyzed the median sales prices of homes across New York City during the past three months and found that residences in Soho, Tribeca, the Flatiron District, Manhattan Beach, and the West Village were the priciest.
Manhattan Beach had a median sale price of $1.1 million in the third quarter of 2012. “Manhattan Beach is a state of mind. It’s the feeling of being in the
water,” Scott Dobrin, a broker with RE/MAX Metro who has been working in the area for 15 years, said. “It’s pristine.”
Many of the residents of the small neighborhood, bordered by Sheepshead Bay to the north and the Atlantic Ocean to the south, are older, wealthy European immigrants. Before the collapse of the Soviet Union, Manhattan Beach was largely a middle–class neighborhood composed of American-born residents. “About 10 years ago, all the Russians moved in and the Americans were upset,” Irena Zolotova, a Manhattan Beach
resident, said. “It was a little hostile,” [NYDN]