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The Most Expensive Blocks in Brooklyn

By Catalin Trif Created: March 27, 2012 Last Updated: March 28, 2012
Related articles: Business » Real Estate
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The majority of the most expensive blocks in Brooklyn are located northwest of Prospect Park. (Image courtesy of Property Shark)

The majority of the most expensive blocks in Brooklyn are located northwest of Prospect Park. (Image courtesy of Property Shark)

It’s time for our third and final post covering the most expensive blocks in New York City, and this time we analyze Brooklyn.

If you look at the map of the priciest blocks in Brooklyn, you may notice that Park Slope has three blocks in the top 10, followed by Cobble Hill with two. Midwood, Brooklyn Heights, Carroll Gardens, Manhattan Beach, and Homecrest are represented in the top 10 by one block each.

The priciest block in Brooklyn is in Midwood, delimited by Avenue I and Avenue J/Ocean Parkway and 7th Avenue, with a median sale price of $4,350,000. The biggest sale here was the single-family home on 935 Ocean Parkway. It sold on Nov. 11, 2010 for $6,130,000. Less than one year later, on Sept. 20, 2011, it exchanged hands again, for a slightly smaller amount of $6,000,000.

The second priciest block is in Brooklyn Heights, delimited by Joralemon Street and State Street/Willow Place and Hicks Street, which had a median sale price of $3,125,000. A similar thing happened with the most expensive property here as with the one at 935 Ocean Parkway. Namely, the single-family home at 33 Willow Place exchanged hands twice, the first time on Aug. 13, 2010 for $3,600,000 and the second time on June 28, 2011 for $3,920,000.

The block that completes the top 3 is in Park Slope, delimited by 2nd Street and 3rd Street/8th Avenue and Prospect Park West. There were six properties sold here, with a median price of $2,818,775. Here’s the complete top 10 of the priciest blocks in Brooklyn:

Brooklyn Prices

Block/ Neighborhood: Median Price

Avenue I to Avenue J / Ocean Pkway to 7th Ave Midwood: $4,350,000

Joralemon St to State St / Willow Pl to Hicks St Brooklyn Heights: $3,125,000

2nd St to 3rd St / 8th Ave to Prospect Park West Park Slope: $2,818,775

Warren St to Baltic St / Clinton St to Court St Cobble Hill: $2,800,000

Hicks St to Henry St / Baltic St to Kane St Cobble Hill: $2,700,000

1st Street to 2nd Street / 8th Ave to Prospect Park West Park Slope: $2,700,000

Degraw St to Sackett St / Clinton St to Court St Carroll Gardens: $2,172,500

Prospect Pl to Park Pl / 5th Ave to 6th Ave Park Slope: $2,089,250

Avenue S to Avenue U / Homecrest: $2,075,000

E 4th St to E 3rd St / Manhattan Beach: $1,975,000

Methodology: For this report we looked at median sale prices for all of the blocks in Brooklyn with at least three home sales within the last two years.

Catalin Trif is a writer for PropertyShark.com. Property Shark is a property search site with market data for New York City and New York state. For original article, click here.




   

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