Brooklyn home sale prices up 50 percent in decade
Housing has long been a solid investment — but in Brooklyn over the last decade, it was a gold mine.
The real estate website PropertyShark compiled a list of every home bought in Brooklyn in 2008 that was sold in 2017 — 230 homes in all. The results? The houses’ original median sale price of $440,000 had swelled to $647,000.
Following a long-term trend, neighborhoods closest to Manhattan, such as Brooklyn Heights, DUMBO, Boerum Hill and Park Slope, saw the steepest increases, the data show.
Brooklyn Boro
View MoreNew York City’s most populous borough, Brooklyn, is home to nearly 2.6 million residents. If Brooklyn were an independent city it would be the fourth largest city in the United States. While Brooklyn has become the epitome of ‘cool and hip’ in recent years, for those that were born here, raised families here and improved communities over the years, Brooklyn has never been ‘uncool’.