Crown Heights Brownstones See Surging Demand as Buyers Return to Classic Brooklyn Living Brooklyn’s Crown Heights neighborhood is experiencing a revival, with historic brownstone homes attracting a new wave of buyers seeking character, charm, and long-term value. Recent market analysis shows that renovated brownstones in the area are selling quickly, many over asking price. The mix of old-world...
Crown Heights has emerged as a notable hotspot in Brooklyn's real estate market in 2025. The neighborhood has experienced a 6.4% year-over-year increase in online searches, reflecting heightened buyer interest. The median asking rent has risen by 3.3% to $3,150, and the median asking price has increased by 2.3% to $1.175 million, indicating strong demand for condos. Key Highlights: Search Activity:...
Brooklyn’s housing market is setting new records in 2025, with both median and average sale prices climbing higher. At the same time, inventory levels are rising, giving buyers more options even as demand keeps the market competitive. For neighborhoods like Crown Heights, this balance of high demand and growing supply is especially noticeable. 📊 Key Numbers - Q2 2025 Median sale price:...
Brooklyn’s Commercial Market Strengthens as Local Retail and Mixed-Use Properties Gain Value While national headlines often focus on office vacancies, Brooklyn’s commercial market tells a different story. Across neighborhoods like Crown Heights, Bedford-Stuyvesant, and Prospect Lefferts Gardens, smaller retail spaces and mixed-use properties are seeing a strong comeback. Property owners who held...
In the first quarter of 2025, 96% of Brooklyn’s multifamily dollar volume came from free-market buildings. This reflects investor preference for market-rate properties, which continue to deliver strong returns and stability. Key Highlights: Market Share: 96% of multifamily dollar volume from free-market buildings Market Context:The dominance of free-market sales indicates investor confidence...
In spring 2025, Brooklyn saw active listings climb to 3,406 units (+2.7% from March). Contract signings rose 7% YoY, while closings decreased 8% YoY, reflecting strong buyer interest but slower transaction completions. Key Highlights: Active Listings: 3,406 units (+2.7%) Contract Signings: +7% YoY Closings: -8% YoY, -3% QoQ Market Context:The increase in listings and contract signings...
Crown Heights is welcoming a striking new development at 311 Eastern Parkway, with construction nearly complete on a Passive House–certified, all-electric condo building. The eight-story project features five residences, each with private outdoor space and eco-friendly finishes. Drivers of Growth Energy Efficiency: Passive House certification offers low operating costs and...