It’s not dirt cheap!
Dirt in Brooklyn Heights is more expensive than that found most anywhere else in the country, according to a new report in the Washington Post.
An acre of land in America’s first suburb, known for its charming Brownstone-lined streets and sweeping views of the Manhattan skyline, costs a whopping $41,160,300, compared to a like-sized plot in Brooklyn, Iowa which commands a measly $55,700 price tag, the Post reported citing a federal analysis of average neighborhood land values across all 50 states from 2012 to 2017.
The Heights — where households’ median income hovers around $109,472, according to 2016 federal Cesus Bureau data — is home to several celebrities, including couple John Krasinski and Emily Blunt, and fellow A-lister Matt Damon, all of whom reportedly recently inked deals on condos inside the The Standish, a swanky building on Columbia Heights.
Damon allegedly paid $16.75 million for his pad in the Heights — much of which constitutes the city’s first landmarked historic district — setting record sale price for a piece of Kings County residential real estate.
But some deep-pocketed financier is expected to close soon on a more than $20-million deal to buy a penthouse inside the luxury Quay Tower rising nearby at Pier 6 in Brooklyn Bridge Park, which would smash the record set by Damon — and only add to the value of the neighborhood’s soil.
Brooklyn Heights isn’t Kings County’s only enclave sitting on golden ground, however — the parts of Park Slope closest to Prospect Park boast the second-priciest dirt in the country, at $34,690,200 per acre, according to the report, which named soil in other parts of the Slope the eighth-most expensive, at $25,884,800 per acre, and land in Gowanus and Carroll Gardens as the tenth-most expensive, at $23,412,200 per acre.
The federal study, however, did not include land in several counties across the country, including Manhattan, according to the Post report.