Dumbo Grabs the Third Spot Among New York City’s Most

Dumbo and Boreum Hill are yet again in the top 10 of NYC’s most expensive neighborhoods according to the latest update from PropertyShark. Even more notably, they both climbed one spot from their previous rankings in Q2 2011. With a median sale price of $1,460,000, Dumbo managed to grab the third spot. In Boreum Hill, the median sale price was $920,000, which was enough to earn the Brooklyn neighborhood the 9th place.

Unsurprisingly, Tribeca secured the first spot with a median sale price of $2,299,500 and SoHo was second, with a median sale price of $1,535,840.

What came as a surprise however was the fact that West Village didn’t make it into the top 10. With a median sale price of $850,000, it ranked 11th.


 

The most expensive property in Q3 2011 is Upper East Side’s mansion at 16 East 69 Street, which sold for $48M. Here are the biggest residential sales from each of the most expensive New York City neighborhoods that are in the top 10: