Brooklyn’s seemingly never-ending price hikes held course in 2016, particularly in the second half of the year, when the median sale price across all residential properties in the borough hit $650,000. Looking back, several homes in the borough were worth a whole lot of money last year, with some condos and townhouses in northwestern neighborhoods selling at prices one would expect to see in Manhattan, rather than any of the surrounding boroughs.
At the highest end of the market, 7 of the 10 most expensive sales in 2016 were closed on properties in Brooklyn Heights, while two others were in DUMBO and Park Slope. However, #1 was a surprisingly pricey two-family home in Gravesend that sold for over $11 million – the only property on the list to be located in a lesser-known neighborhood.
Penthouse E at the show-stopping 1 John Street sold back in October for a little over $8 million, making it the 3rd priciest home on our list. The high-profile development in DUMBO now only has 1 for sale unit left unoccupied.
In sixth place, an unfinished long-time family project in Park Slope changed owners after 15 years of construction work. The massive modernist mansion at 277 First Street sold for $7.5 million in November after being listed for a whopping $11.5 million back in 2015.
1044 Grace Court,Brooklyn Heights
Sale price: $7,150,000
9281 Henry Street, Brooklyn Heights
Sale price: $7,200,000
8One Pierrepont Street #9A, Brooklyn Heights
Sale price: $7,400,000
7Pierhouse at Brooklyn Bridge Park #N400, Brooklyn Heights
Sale price: $7,426,454
Sale price: $7,500,000
5Pierhouse at Brooklyn Bridge Park #N600, Brooklyn Heights
Sale price: $7,691,199
431 Garden Place, Brooklyn Heights
Sale price: $8,000,000
Sale price: $8,148,500
270-72 State Street, Brooklyn Heights
Sale price: $9,400,000
Sale price: $11,360,000
Data includes only residential properties sold between January 1, 2016 and December 31, 2016. Building classes covered were one- and two-family houses, condos and coop units. Package deals were not included.