Around Brooklyn: DUMBO tops Brooklyn for expensive home sales
DUMBO tops Brooklyn for expensive home sales
A new report from the real estate data site PropertyShark says that despite a 31 percent drop in the number of sales in the neighborhood from last year, prices in DUMBO edged up 8 percent, resulting in a median sale price of $1.625 million for DUMBO co-ops and condos. This makes the neighborhood not only the most expensive neighborhood in Brooklyn, but the eighth most expensive neighborhood citywide. Boroughwide, while Manhattan’s median home prices fell by 9 percent, Brooklyn’s rose by 4 percent, PropertyShark said. BKLYNER quoted broker Nadia Bartolucci, of Douglas Elliman, as saying that many residents of the Upper West Side, the East Village and the West Village have expressed interest in living in Brooklyn.
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