Dumbo and Boerum Hill join Soho and Tribeca as NYC’s most expensive nabes

TRD New York /
Aug.August 16, 2011 12:54 PM

Soho and Tribeca were the most expensive New York City neighborhoods in the
second quarter of 2011, but Dumbo was a surprising fourth entry on the
top 10 list, according to PropertyShark.com. Dumbo was ahead of many
other Manhattan neighborhoods such as the Upper East Side, the Upper
West Side, the West Village and Chelsea, with a median sale price of
$1.075 million. That price increased 9 percent from the median sales price
in the second quarter of 2010, which was $990,000. Brooklyn’s Boerum
Hill was also on the list at number 10, with a median sales price of
$801,000. Soho was tops at $2.147 million, a 26 percent increase over its
2010 second-quarter price of $1.7 million. Of the total of 60 residential
properties sold in the second quarter of 2011, 17 were located in the Trump Soho Hotel. In Tribeca, with a median sales price of $2,019,250, only eight of
the 80 properties sold there last quarter were under $1 million. The
most expensive residential property currently for sale in Tribeca is a
13,479-square-foot triplex penthouse located at 144 Duane Street,
available for $30 million. — Miranda Neubauer


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