Market Updates

By Valerie Sebbag | 555 Properties LLCDate: September 18, 2025 Mortgage rates in the U.S. have finally eased to levels not seen since early 2023 - a change that’s breathing new life into the NYC real estate market. According to Freddie Mac, the average 30-year fixed mortgage rate is now 6.26%, down from around 6.35% last week. The 15-year fixed rate is averaging 5.41%. AP News+3Bloomberg.com+3AP...

Park Slope remains one of Brooklyn's most sought-after neighborhoods, offering a blend of historic charm and modern amenities. As of mid-2025, the housing market in Park Slope has shown resilience, with notable trends in both sales and rentals. 📊 Market Overview Median Listing Price (July 2025): $1.4 million, a decrease of 12.8% year-over-year. (realtor.com) Median Sale Price (July 2025):...

Crown Heights, Brooklyn -- Crown Heights continues to stand out in Brooklyn’s real estate market, with major new listings drawing attention from buyers and investors across the city. At the center of this momentum is Valerie Sebbag, a leading realtor with a track record of matching clients to some of the neighborhood’s most significant properties. 🏛 Historic Landmark: The Hill Funeral Home...

Crown Heights, Brooklyn, is a neighborhood where history, culture, and community converge. From the historic brownstones on streets like Eastern Parkway, President Street, Crown Street, Montgomery Street, Carroll Street, Union Street, Lincoln Place, Kingston Avenue, Nostrand Avenue, Albany Avenue, and New York Avenue, to the rich cultural tapestry that defines the area, Crown Heights offers a unique...

Selling a home in Crown Heights can be competitive, and small improvements can make a big difference in how buyers perceive your property. Preparing your home strategically can help you sell faster and at a higher price. Start With Smart Renovations Focus on updates that give the most return on investment. Kitchens and bathrooms often have the biggest impact. Repainting cabinets, updating fixtures,...

Rising Home Values Crown Heights continues to show strong appreciation in 2025. Median home prices range from $1M to $1.4M, depending on source, with year-over-year growth between 10-15%. Properties are selling faster than in previous years, signaling steady buyer demand in this vibrant Brooklyn neighborhood. New Developments and Neighborhood Shifts Major projects like the Botanica rental tower...

Investors Target Brooklyn’s Multi-Family Homes as Rental Demand Soars As New York City continues to grow, Brooklyn’s multi-family properties have become one of the most sought-after asset classes for investors. Buildings ranging from two-family brownstones to larger walk-ups are consistently trading at strong valuations. Rental demand in neighborhoods like Flatbush, Crown Heights, and East New...

Brooklyn's real estate market remains strong in 2025 despite economic uncertainties. Contract signings increased by 7% year-over-year in the first quarter, with steady price appreciation across most property types. Key Highlights: Contract Signings: +7% YoY Price Appreciation: Steady across segments Market Context:Brooklyn continues to offer diverse opportunities for buyers, sellers, and...

Brooklyn’s multifamily market remained robust in the first quarter of 2025. Average advertised rents rose 0.5% to $3,643, with occupancy remaining high at 98.8%. Over 25,600 units are currently under construction, surpassing the combined development pipelines of Manhattan and Queens. Key Highlights: Average Rent: $3,643 (+0.5%) Occupancy Rate: 98.8% Units Under Construction:...

During the first half of 2025, Brooklyn recorded $730 million in multifamily sales across 140 transactions, representing a 28% increase from the same period in 2024. Key Highlights: Total Sales Volume: $730 million Transactions: 140 Year-over-Year Increase: 28% Market Context:The stable investment activity demonstrates a healthy market environment for multifamily properties, making...