New development on Ketn Avenue in Williamsburg

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



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