More NYC neighborhoods have joined the million-dollar club this year — where median recorded sales prices are $ 1 million or higher — including Williamsburg for the first time, according to a new StreetEasy report.
The million-dollar median sale price distinction was a lot less common amongst NYC neighborhoods just nine years ago. From 2010 – 2014 the number of NYC’s million-dollar neighborhoods grew from four to 17.
Williamsburg, Greenpoint, Brooklyn Heights, and Prospect Heights are the only Brooklyn neighborhoods to make the list:
Over the past five years, three Brooklyn neighborhoods have crossed the $1 million median recorded sales price threshold.
Brooklyn Heights, Prospect Heights and Williamsburg are the newest additions to New York City’s million-dollar club, with Williamsburg gaining entry for the first time in 2019. (For this list of million dollar neighborhoods, we excluded areas with a median price per square foot below $1,000, to control for neighborhoods with very large homes.)
Prospect Heights has a significant number of single-family homes and townhouses, which of course tend to be more expensive. Williamsburg and Brooklyn Heights also broke the threshold, likely because of their lively atmosphere and desirable location along the East River.
Here’s the full list via StreetEasy:
NYC’s Million-Dollar Neighborhoods
Neighborhood Median Recorded Sales Price Tribeca $4,100,000 SoHo $2,725,000 Flatiron $2,163,781 Midtown $2,000,000 Greenpoint $1,578,287 Greenwich Village $1,575,000 Gramercy Park $1,405,185 Lower East Side $1,371,587 West Village $1,300,000 Chelsea $1,270,000 Upper East Side $1,250,000 Upper West Side $1,225,000 Park Slope $1,191,000 Prospect Heights $1,160,000 East Village $1,071,000 Williamsburg $1,038,863 Brooklyn Heights $1,010,000