Dozens of forgotten NYC neighborhoods have become real estate hot spots, with home prices doubling — or more — over the past decade, a new report revealed.
Two Bridges, nestled between the Brooklyn and Manhattan bridges, saw the biggest price boom, with median home sales skyrocketing 288% from $423,000 in 2014 to more than $1.6 million in 2024, according to PropertyShark.
The whopping growth is from high-end real estate developments like One Manhattan Square, a waterfront skyscraper at 225 Cherry St. where a penthouse rents for a mind-boggling $45,000 per month, according to the report’s author, Eliza Theiss.
Two Bridges, nestled between the Brooklyn and Manhattan bridges, saw the biggest price boom, with median home sales skyrocketing 288% in the last decade. Alamy Stock Photo
“Major high-end projects like this rapidly transformed the area,” Theiss told The Post. “Community resistance was overwhelmed by luxury expansion.”
Neighborhoods with the next steepest