Most Expensive NYC Neighborhoods: Dumbo Climbs on Third Spot In Q3 2011


16 East 69 Street
    We recently ran our update on NYC’s most expensive neighborhoods over the past quarter and notably, two Brooklyn neighborhoods,

Dumbo and Boreum Hill, were again in the top ten. Both of them were up one place compared with the ranking in Q2 2011 and moved ahead of the historically high-ranked neighborhoods. Dumbo came in third place with a median sale price of $1,460,000 while Boreum Hill was in 9th place with a median sale price of $920,000.

As expected, Tribeca and SoHo were the most expensive New York City neighborhoods in Q3 2011. With a median sale price of $2,299,500 Tribeca ranked first, followed by Soho with a median sale price of $1,535,840.

Surprisingly, West Village did not make it to the top, ranking 11th in Q3 2011 with a median sale price of $850,000 and being surpassed by Battery Park City.


Upper East Side was the home of the priciest property sold in Q3 2011, the $48M mansion at 16 East 69 Street. Se below the complete list of  the biggest residential sales in each of the ten most expensive neighborhoods.

Neighborhood Property Address Property Class Sale Price
Upper East Side 16 E 69 Street Single Family Home $48.000.000
Upper West Side 80 Columbus Circle #PH76B Condo $30.550.000
Midtown 50 Central Park South #29 Condo $30.000.000
Flatiron 31 West 21 Street #11PH Condo $14.600.000
Tribeca 92 Laight Street #12D Condo $11.500.000
Chelsea 524 West 19 Street #PH Condo $11.455.313
SoHo 102 Wooster Street #PHN Condo $8.200.000
Battery Park City 70 Battery Place #PH1D Condo $4.169.734
Boerum Hill 267 State Street Single Family Home $3.400.000
Dumbo 30 Main Street #11G Condo $2.800.000
Dumbo 31 Washington Street #15 Condo $2.800.000