Dumbo’s days as a trendsetting arts district may be behind it, but its reign as Brooklyn’s most expensive neighborhood is just beginning.
A total of 71 condominiums, co-ops and townhouses sold in the neighborhood in 2015, with 31 of those selling for over $1.5 million, according to a new report from YARDI, a real estate software firm.
The most expensive homes this year were all on Water Street, and sold for between $4.1 million and $4.8 million. The median sales price in the submarket was about $1.4 million, a record, DNAinfo reported.
The next most expensive Brooklyn neighborhoods were Vinegar Hill and Carroll Gardens, both with median prices of $1.3 million, and Cobble Hill, with a median of $1.2 million.
The median price for Brooklyn as a whole hit a record as well, climbing to about $560,000 in 2015, up from $400,000 a decade ago.
Dumbo ranked only 13th most expensive neighborhood in the city as a whole. [DNAinfo] – Ariel Stulberg