By Valerie Sebbag, Licensed Broker & Founder, 555 Properties LLC
Crown Heights, Brooklynâs vibrant hub of historic charm and modern energy, continues to shine as one of the boroughâs most desirable neighborhoods. With its tree-lined streets, proximity to Prospect Park, and a thriving cultural scene, Crown Heights attracts buyers, investors, and developers alike. Our October 2025 market report highlights the latest listings, notable sales, and development updates shaping this fast-moving market.
New Listings and Developments in Crown Heights
The fall market brings a strong mix of new inventory and development opportunities:
704 Lefferts Ave â Exclusive listing by 555 Properties LLC, offered at $1.35 million
543 East New York Ave â 20-foot-wide townhouse with adjacent lot Exclusive listing by 555 Properties LLC
537 East New York Ave â 40-foot-wide by ~90-ft lot, a rare redevelopment opportunity in the corridor. Exclusive listing by 555 Properties LLC
1433 Union St â Townhouse newly listed for $3.2 million
548-552 East New York Ave â Prime development site, asking $5.5 million
These listings reflect continued investor confidence and growing buyer demand for multi-family and mixed-use projects in Crown Heights.
Recent Sales: Demand Remains Strong
Crown Heights continues to post impressive numbers, with properties selling quickly and often above asking price. Here are recent closed sales:
- 263 Eastern Parkway – Sold for $8.9 million Marketproof+1
– 62-unit rental building (6-stories) in Crown Heights. StreetEasy+1 - 225 Brooklyn Ave – Sold for $3.81 million
- 1337 President St – Sold for $5.0 million – Sold By Valerie Sebbag 555 Properties LLC
- 1428 Carroll St – Sold for $2.6 million – Sold By Valerie Sebbag 555 Properties LLC
- 1388 Union St – Sold for $2.6 million
- 1375 Carroll St – Sold for $2.2 million – Sold By Valerie Sebbag 555 Properties LLC
- 690 Empire Blvd – Sold for $2.1 million
- 429 Eastern Parkway – Sold for $1.93 million
- 1612 President St – Sold for $1.65 million
- 658 Eastern Parkway – Sold for $1.86 million
- 1229 President St #2A – Sold for $1.28 million (Buyer represented by 555 Properties)
- 14 Lamont Ct – Sold for $1.27 million
- 643 Midwood St – Sold for $1.3 million
- 1227 Lincoln Pl – Sold for $945,000
The median home price is now $1.23 million, up 9% year-over-year, reflecting sustained demand and limited supply.
Development and Construction Highlights
New projects continue to reshape the neighborhood skyline. Recent permit and zoning filings reported by New York YIMBY and NYC DOB include:
- 701 Washington Ave â Six-story mixed-use project filed this month
- 1872 Fulton St â Proposed six-story residential + retail building
- 991 St. Johns Pl (âThe Gregoryâ) â Seven-story, 40-unit affordable housing building with an active lottery
For the latest building and zoning permits, visit the NYC Department of Buildings.
Community Spotlight: Bais Shmuel Synagogue
A highlight in community development is Bais Shmuel Synagogue at 1512 Union St, a pillar of faith and unity in Crown Heights. Under the leadership of Rabbi Moshe Pinson, a world-renowned community figure known for his inclusive leadership and outreach, Bais Shmuel continues to inspire spiritual and cultural connection.
To donate for the new Building go here https://www.baisshmuel.com/building/
CAMPAIGN
Letâs Grow Together
Plans for the construction of our new building are under way. We are honored to be working with award-winning architects Yeshayah Shor and Sam Weider of SWA. Structural engineers, mechanical engineers, expediters and other experts round out a credible team set to plan, design, and develop the beautiful shul structure we will call home.
This project is a huge undertaking which calls for time, dedication, effort, and of course, funding. Dedication opportunities are quickly being reserved. So now is the time to get involved.
Recent filings show progress on zoning variance and ground up development permits at 1512 Union St:
These records may include job types, application dates and related documents. If needed, we can access the job history and variance filings for further insight.
Market Trends and Outlook
Key insights for the Crown Heights market heading into winter 2025:
- Rising Prices: Median prices up ~9 % from 2024
- Investor Momentum: Development parcels and multi-unit buildings seeing increasing activity
- Fast Turnover: Many listings under $2 M receive multiple offers within 30-45 days
Crown Heights remains one of Brooklynâs most resilient and opportunity-rich markets, with increasing appeal among both end-users and developers.
About Valerie Sebbag
Valerie Sebbag, Licensed Broker and Founder of 555 Properties LLC, is recognized for her expertise in Brooklyn real estate, specializing in Crown Heights, Prospect-Lefferts Gardens and surrounding areas. Valerieâs client-first approach and deep market insight have made her a trusted advisor for buyers, sellers and investors alike.
Ready to Make Your Move?
The Crown Heights market is moving fast. Whether youâre buying, selling, or investing, now is the time to act.
đ§ Email: valerie@555prop.com
â Call/Text: 917-623-6331
đ Visit: 555prop.com
Contact us today for a private consultation or property tour.
Disclaimer: Property data, sales information and permit filings are sourced from public records, MLS data and third-party outlets such as NYC DOB and New York YIMBY. 555 Properties LLC makes no guarantees of accuracy. This article is original to 555 Properties LLC and cleared for publication on 555prop.com/blog.
