Sheepshead Bay: Fifth Most Luxurious Neighborhood
Our friends at Property Shark have done some sales numbers crunching for the year-to-date, to see where in Brooklyn the million dollar sales were happening. Behold the chart. Brooklyn Heights left the other neighborhoods in the dust, with 88 sales above a million bucks. Park Slope, not surprisingly, was next, followed by Dumbo and its…
Our friends at Property Shark have done some sales numbers crunching for the year-to-date, to see where in Brooklyn the million dollar sales were happening. Behold the chart. Brooklyn Heights left the other neighborhoods in the dust, with 88 sales above a million bucks. Park Slope, not surprisingly, was next, followed by Dumbo and its pals Vinegar Hill and downtown Brooklyn. A bit of a surprise is number five, Sheepshead Bay and Gerritsen Beach out-luxurying Carroll Gardens by four sales.
I assume the Carroll Gardens # is brought down a little by Columbia and Red Hook, some of which is pricey and some of which is not. One would expect Cobble Hill to counteract the drag that Red Hook has on the Carroll Gardens #s, so if I had to guess, I’d guess that Cobble Hill is included in Brooklyn Heights, where the zip code splits from 11201 to 11231, which according to this map, is at Kane. http://www.usnaviguide.com/zip.htm.
Reason Bklyn Hts 11201 has so many sales is that much of very active condo market in DUMBO is included -even tho chart says DUMBO is 11217 (which part of it probably is).
But more telling is median price – where 11231 comes in 2nd and above 11201.
Make that “write them a letter”. Apparently I need to go back to school not only for math, but also for English.
Yeah, the zip code thing is not making sense.
Also, 518 sales in Brooklyn Heights and 470 in Park Slope? That doesn’t really make sense to me either. PS is roughly 3x the size of BH in terms of both population and housing units. Clearly One Brooklyn Bridge Park is a factor, but there seem to me just as many new condo developments in PS if not more.
Oh, I get it brownie77: if one doesn’t like the results of one study, one should massage the results and try to use a different measurement in order to get the results one wants. But then again, this was a study done by Property Shark and clearly you know much more than them about real estate. You should right them a letter. Or better yet, take two pills for that nasty case of NHS you’re experiencing and don’t call us in the morning. At least you’re admitting Brooklyn Heights still comes out no top by any measure, so there’s still some hope for you. But you’ve probably upset some Park Slopers by claiming Cobble Hill outranks them for luxury sales.
Thank you NorthHeights. I am happy to see that some people got it. The point was indeed that this ranking by zip and number of luxury sales is just useless.
If it’s done by zip code, these results don’t make sense. Just as one example, both DUMBO and Downtown Brooklyn are in 11201 (same as Brooklyn Heights), not 11217 as indicated. Cobble Hill is split between 11201 and 11231 as discussed above, and would rank prominently if this was actually done by neighborhood and not zip code. Ranking by neighborhood is suspect to begin with, but doing by zip code is even worse.
Dave, I can’t even crack up people, how am I supposed to crack up jokes?
Once again Big Champ you dont get it. If your measure is the number of luxury sales, then go back to school and take a few extra classes in math. Median price is a better indicator. Obviously, you would know (if you would actually know what you’re talking about) that the top end sales of brownstones of Cobble Hill come second to the ones of Brooklyn Heights. But, anyway, I am done with you. Waste of my precious time.