Prospect Heights Is NYC's Newest Million Dollar 'Hood: Study

PROSPECT HEIGHTS, BROOKLYN — More and more New York City neighborhoods are becoming million-dollar districts and Prospect Heights just joined their ranks, a new real estate study shows.

Prospect Heights in one of three Brooklyn neighborhoods to join the Million Dollar Club of New York City regions with a $1 million median recorded sales price, the real estate blog StreetEasy reported Monday.

While in 2010 there were just five neighborhoods pricey enough to make the cut in 2010, as of Sept. 30 there are 17, StreetEasy found. Brooklyn Heights and Williamsburg also joined the list.

Prospect Heights' many single-family homes and townhouses may have contributed to its $1,160,000 median price tag, which makes it the most costly of the three new Brooklyn millionaire neighborhoods, StreetEasy analysts said.

The median price in Williamsburg is $1,038,863 and $1,010,000 in Brooklyn Heights, the report found.

To compile the report, StreetEasy analysis examined New York City neighborhoods with at least 100 annual recorded sales between 2015 and 2019. Neighborhood sales prices greater than or equal to $1 million were admitted into the club.

Here are the other New York City Million Dollar Club members:

1. Tribeca, Manhattan, at $4,100,000
2. SoHo, Manhattan, at $2,725,000
3. Flatiron, Manhattan, at $2,163,781
4. Midtown, Manhattan, at $2,000,000
5. Greenwich Village, Manhattan, at $1,575,000
6. Greenpoint, Brooklyn, at $1,578,287
7. Gramercy Park, Manhattan, at $1,405,185
8. Lower East Side, Manhattan, at $1,371,587
9. West Village, Manhattan, at $1,300,000
10. Chelsea, Manhattan, at $1,270,000
11. Upper East Side, Manhattan, at $1,250,000
12. Upper West Side, Manhattan, at $1,225,000
13. Park Slope, Brooklyn, at $1,191,000
14. Prospect Heights, Brooklyn, at $1,160,000
15. East Village, Manhattan, at $1,071,000
16. Williamsburg, Brooklyn, at $1,038,863
17. Brooklyn Heights, Brooklyn at $1,010,000

Read the full analysis here.

Correction: The StreetEasy report initially stated 19 neighborhoods were on the Millionaire Neighborhood list but later corrected the number. This story has been updated to reflect the change.