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There’s gold in them thar Heights! Report claims dirt in Bklyn Heights, at more than $41M per acre, is country’s most expensive

Brooklyn Paper
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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.

Reach reporter Julianne Cuba at (718) 260–4577 or by e-mail at jcuba@schnepsmedia.com. Follow her on Twitter @julcuba.
Updated 3:26 pm, January 25, 2019
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Reasonable discourse

Roberto from Brooklyn Heights says:
The analysis of Brooklyn Heights using the value of "dirt" reminds me when I was a kid on the North Shore of Long Island. At the time, there were still a good number of farms and orchards. Remember Long Island potatoes! Well, gradually, land sharks moved in and bought out the farmers. Soon, there were McMansions and "developments" where there had been peach trees, potatoes, watermelons.... Early on I realized that we couldn't eat dirt. No farms, no food.
Jan. 25, 9 pm
Formula from around town says:
The formula they used to come up with these conclusions is important in understanding and quantifing this news as well as it would be interesting.
Jan. 26, 8:15 pm

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