A Lot of People Would Pay a Million Dollars to Live in DUMBO

Boerum Hill Will Probably Catch Up Soon

By Dennis Holt

According to PropertyShark.com as reported by The Real Deal blog, DUMBO and Boerum Hill have joined the top 10 most expensive neighborhoods in the city.

The two most expensive areas in the city are Soho and Tribeca, but DUMBO moved into fourth place of the top 10 and Boerum Hill made the number 10 spot.

In the second quarter of this year, the median sales price in DUMBO was $1.075 million. Boerum Hill’s median sales price was $801,000.

Boerum Hill is edging higher on such lists, not just because of its convenient location and its quality stock of brownstone houses, but also because what used to be empty lots are filling up with market rate apartment buildings.

And as the quality of Downtown Brooklyn retail shopping continues to improve, Boerum Hill, abutting Downtown, will grow its appeal.