Brooklyn Real Estate | 2 minute read
The Most Expensive Blocks in Brooklyn
BY PropertyShark Staff | Mar 21, 2012
Map of the most expensive blocks in Brooklyn
It’s time for our third and final post covering the most expensive blocks in New York City, and this time we analyze Brooklyn. If you haven’t read the first two entries (covering the most expensive blocks in Queens and over NYC as a whole), you can do it here and here.
If you look at the Park Slope has 3 blocks in the top 10, followed by Cobble Hill with 2. Midwood, Brooklyn Heights, Carroll Gardens, Manhattan Beach and Homecrest are represented in the top 10 by one block each.
The priciest block in Brooklyn is in Midwood, delimited by Avenue I and Avenue J / Ocean Parkway and East 7th Street, with a median sale price of $4,350,000. The biggest sale here was the single-family home on 935 Ocean Parkway. It sold on November 11th, 2010 for $6,130,000. Less than one year later, on September 20th, 2011, it exchanged hands again, for a slightly smaller amount of $6,000,000.
The second priciest block is in Brooklyn Heights, delimited by Joralemon Street and State Street / Willow Place and Hicks Street, which had a median sale price of $3,125,000. A similar thing happened with the most expensive property here as with the one at 935 Ocean Parkway. Namely, the single-family home at 33 Willow Place exchanged hands twice, the first time on August 13th, 2010, for $3,600,000 and the second time on June 28th, 2011 for $3,920,000.
The block that completes the top 3 is in Park Slope, delimited by 2nd Street and 3rd Street / 8th Avenue and Prospect Park West. There were 6 properties sold here, with a median price of $2,818,775. Here’s the complete top 10 of the priciest blocks in Brooklyn:
| Block | Neighborhood | Median Price |
|---|---|---|
| Avenue I to Avenue J / Ocean Pkway to E 7th Street | Midwood | $4,350,000 |
| Joralemon St to State St / Willow Pl to Hicks St | Brooklyn Heights | $3,125,000 |
| 2nd St to 3rd St / 8th Ave to Prospect Park West | Park Slope | $2,818,775 |
| Warren St to Baltic St / Clinton St to Court St | Cobble Hill | $2,800,000 |
| Hicks St to Henry St / Baltic St to Kane St | Cobble Hill | $2,700,000 |
| 1st Street to 2nd Street / 8th Ave to Prospect Park West | Park Slope | $2,700,000 |
| Degraw St to Sackett St / Clinton St to Court St | Carroll Gardens | $2,172,500 |
| Prospect Pl to Park Pl / 5th Ave to 6th Ave | Park Slope | $2,089,250 |
| Avenue S to Avenue U / E 3rd St to E 4th St | Homecrest | $2,075,000 |
| Shore Blvd to Hampton Ave / Beaumont St to Coleridge St | Manhattan Beach | $1,975,000 |
Methodology: For this report we looked at median sale prices for all of the blocks in Brooklyn with at least three home sales within the last two years.
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