Jan. 13, 2017 By Hannah Wulkan
Forest Hills Gardens is one of the priciest neighborhoods in New York City, according to a recent report released by Property Shark.
The report revealed that Forest Hills Gardens ranked tenth in terms of the median price paid for residential property in 2016, compared to dozens of other neighborhoods throughout the city. It was declared the most expensive neighborhood in Queens.
Prices in the area surged in the past 12 months, with the median house price up 37 percent from 2015, to $1,525,000
Forest Hills Gardens is one of only two non-Manhattan neighborhoods on the list, with DUMBO in Brooklyn coming in fifth on the list.
The most expensive place to buy a home in the city is TriBeCa, the report shows, with a median sale price of nearly $4.2 million.
Several other Queens neighborhoods broke the top-50 priciest neighborhoods, including Broadway-Flushing, Hunters Point and Malba at 28th, 29th and 30th place, respectively.
The median sale prices were calculated based on residential property sales closed & recorded between January 1, 2016 and December 13, 2016. The residential properties included in the study were single-family homes, condos and coops.
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