Sales Prices in Dumbo Top Most Other Neighborhoods

Is Dumbo more expensive than the Upper East Side and Chelsea? Yes, in terms of an analysis of median sales prices last year that was highlighted by Wall Street Journal. The stats come via PropertyShark, which pegged the median sales price in Dumbo at $1.05 million, an increase of around 13 percent over 2010 that was “enough to catapult it above median sales prices for the Upper East Side, Battery Park City and Chelsea.” By this reckoning, Tribeca was the most expensive neighborhood in the city, with a median sales price last year of $2.25 million, followed by Soho ($2.09 million) and Flatiron ($1.19 million).
Dumbo Moves Up in Real-Estate Ranks [WSJ]
Photo by Simon Collison