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New York

Median sale price tops $1.2M in… Gowanus?

Prices top Carroll Gardens, Park Slope according to Property Shark

The Gowanus Canal (Photo by Catherine Gibbons)
The Gowanus Canal (Photo by Catherine Gibbons)

Despite the smell and despite the pollution, the median sale price in Gowanus topped $1.2 million this year — surging past neighborhoods like Carroll Gardens and Park Slope.

The 68 percent year-over-year increase landed Gowanus at No. 14 on Property Shark’s list of the city’s 50 most expensive neighborhoods, DNAinfo reported. Last year, Gowanus clocked in at No. 42 with a median sale price of $720,000.

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According to Property Shark, Carroll Gardens was No. 15 this year with a median sale price of $1.2 million and Park Slope ranked No. 25 with a median sale price of $979,500.

Prices in Gowanus are poised to climb higher, if the city rezones the largely-industrial neighborhood, a move that would spur residential development. Already, speculative investment rose 47 percent in 2015 from the prior year.

This summer, Property Markets Group went into contract to buy a development site with 332,000 buildable square feet along the Gowanus Canal for about $50 million. [DNAinfo] — E.B. Solomont

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GowanusRezoning