A slew of pricey sales at a new residential development in Boerum Hill made that neighborhood the borough’s priciest, according to a report published today by Property Shark. The report, which ranks New York City neighborhoods by median 2012 sales prices, found that the median sale price in Boerum Hill was $950,000 in 2012; the median sale price in Dumbo — 2011’s priciest Brooklyn nabe — was just over $869,000 in 2012.
Moreover, Boerum Hill ranked 6th in terms of median sales price in the entire city, beating out established bastions of wealth such as the Upper East Side and the West Village. Soho came in first in the city with a median sale price of $2.2 million, followed closely by Tribeca’s $2.1 median sales price.
One explanation for the massive median sales price jump — 17 percent, year-over-year, and the highest in NYC — was the inclusion of a development at 233 Pacific Street which sold 20 units for more than $1 million each and five units for more than $950,000 last year, a Property Shark spokesperson told The Real Deal. [Property Shark] –Christopher Cameron