+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The most expensive New York City neighborhoods in 2017, according to PropertyShark

Nov 8, 2017, 00:56 IST

A view of DUMBO, Brooklyn, as seen from One World Trade Center in New York City.Wikipedia Commons

As construction booms in Manhattan and Brooklyn, New York City housing prices keep soaring.

Advertisement

Real estate site PropertyShark recently pinpointed where it's most expensive to live in the city now.

To compile the Q3 ranking, the company found median prices for residential properties sales closed between July 2017 and September 2017 (including single-family homes, condos, and co-ops).

Compared to last year, more Brooklyn neighborhoods made the list. Brooklyn has become one of the fastest growing NYC boroughs, which has strained its housing market in some areas.

To keep up with the city's rising population, Mayor Bill de Blasio implemented an affordable housing plan in 2014 that aims to preserve or create 200,000 units of housing with regulated rents by 2024. As of July 2017, 77,651 affordable units - with rents no higher than $3,461, depending on the household income - have been financed by the city.

Advertisement

Below are the 10 most expensive New York City neighborhoods, along with their median home sales prices, as of this fall:

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article