Dumbo was Brooklyn’s priciest neighborhood for sales in 2015

Median home prices there came in at a record $1.4M: report

TRD New York /
Dec.December 30, 2015 09:10 AM

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


Related Articles

arrow_forward_ios
A rendering of the project in Brooklyn and Edward Minskoff (Marvel Architects; Getty)

Minskoff proposes 220K sf commercial building in Dumbo

Minskoff proposes 220K sf commercial building in Dumbo
10 Jay Street and Rent The Runway CEO and co-founder Jennifer Hyman and a store location in New York City (Getty; ODA Architecture)

On the rack: Rent the Runway’s Dumbo space up for rent

On the rack: Rent the Runway’s Dumbo space up for rent
Charlie Kushner and WeWork CEO Sandeep Mathrani with Dumbo Heights (Credit: Kushner via Sasha Maslov; Getty Images; Dumbo Heights)

For Kushner Cos., WeWork could be a problem at Dumbo Heights

For Kushner Cos., WeWork could be a problem at Dumbo Heights
Spaces Event

Look inside: TRD‘s co-working event at SPACES’ Dumbo location

Look inside: TRD‘s co-working event at SPACES’ Dumbo location
35 Jay Street and Edward Minskoff (Credit: Patrick McMullan/Patrick McMullan via Getty Images, Google Maps)

Edward J. Minskoff Equities buys Dumbo property for $62M

Edward J. Minskoff Equities buys Dumbo property for $62M
1 John Street and 635 11th Street in Brooklyn (Credit: Google Maps)

Dumbo condo was Brooklyn’s priciest contract last week

Dumbo condo was Brooklyn’s priciest contract last week
85 Adams Street (Credit: Google Maps, iStock)

Dumbo condo was Brooklyn’s priciest contract last week

Dumbo condo was Brooklyn’s priciest contract last week
ART: 51 Jay Street and from left: Martin Nussbaum, Dvir Cohen and David Schwartz

Condo owners at 51 Jay sue Slate Property Group, Adam America

Condo owners at 51 Jay sue Slate Property Group, Adam America
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...