Brooklyn · New York, NY
23 active listings · Median $600K
Calculating market narrative...
A co-op-led submarket with moderate rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Sheepshead Bay is $2,850/month, $250 below the 5-year high set in Apr 2026. Rents are up +2.7% year over year and +42.5% over the past 5 years. Median sale price stands at $600K, 34.3% below the 5-year high recorded in Dec 2024. Sale prices are up +16.5% year over year. Sale listings are clearing 68 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Sep 2026.
Sheepshead Bay is a scenic waterfront neighborhood in Southern Brooklyn, famous for its fishing fleet, piers, and seafood restaurants. The area offers a unique maritime atmosphere with a relaxed, residential vibe. The real estate market features a mix of traditional multi-family brick houses, spacio...
In my 25+ years selling real estate across New York City, I use this Sheepshead Bay data in real negotiations, not just for a web page.
| Borough | Brooklyn |
| Zip Code | 11235 |
| Subway | Bus service |
| Building Types | Pre-war buildings, Co-ops, Condos |
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
Sheepshead Bay sellers benefit from owner-occupant and investor demand for waterfront properties. The neighborhood's character and pricing support consistent market activity.
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Sheepshead Bay has 23 active listings for sale on the RLS/REBNY feed.
| Inventory & Activity | |
| Active Listings | 23 |
| Pending Sales | 10 |
| New This Week | 0 |
| New This Month | 2 |
| Avg DOM | 132 days |
| Price Cut Rate | 10.3% |
| Recent Sales | |
| Sold Last 30 Days | 4 |
| Sold Last 90 Days | 10 |
| Sale-to-List | 94.0% |
| Asking Prices | |
| Median Asking | $600,000 |
| Average Asking | $590,565 |
| Median $/SqFt | $497 |
| Median Condo Ask | $735,000 |
| Median Co-op Ask | $289,000 |
Based on active listings in Sheepshead Bay
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 0 | -- | -- |
| 1 Bedroom | 8 | $269,500 | $170K - $649K |
| 2 Bedrooms | 9 | $445,000 | $190K - $1.05M |
| 3+ Bedrooms | 6 | $1,064,000 | $539K - $1.35M |
View active listings by size:
Properties in Sheepshead Bay
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
NYC transactions
Active in Brooklyn
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Sheepshead Bay buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
Milton did a great job at helping me find my coop apartment that was the perfect fit for me. He explored the possibilities with the tours, gave me the information needed to know if I qualified for a mortgage and gave his experience with negotiating a price that I was comfortable with. He is personable, experienced and professional. I felt like I was being led in the right direction and I was. I would recommend his real estate services whole heartedly. Great experience with Milton!
Milton did an indispensable job assisting us with renting our condominium unit. As a first-time renter in NYC, I couldn’t have done it without Milton’s expertise and help. He was professional and communicative, and he really supported us through every step of the way, from the first tour to lease-signing to move-in. I mean this especially for the condo application process, which I had no experience with and which Milton took the time to guide us with, like compiling and informing us of exactly what materials we needed, what the timeline was gonna look like, walking us through the application site, letting us know about anything we missed filling out, etc. Super recommend Milton as your broker.
Quarterly report
Brooklyn Market Report, 3Q 2026
$1,160,500 median sale price. Download the full report
June 2026 tracker: Manhattan $1.23M, Brooklyn $1.07M, Queens $715K, Bronx $585K, Staten Island $730K. All five boroughs up year over year.
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
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Sheepshead Bay has 23 active listings for sale on the RLS/REBNY feed right now. Of those that list a bedroom count: 8 one-bedrooms, 9 two-bedrooms and 6 with three or more bedrooms.
Across the 9 two-bedroom apartments listed for sale in Sheepshead Bay, the median asking price is $445,000, with asking prices from $190,000 to $1,050,000. These are RLS/REBNY asking prices, not closing prices.
The median sale price in Sheepshead Bay is $600K. Condos sit at a median of $735K and co-ops at $289K. Sale prices are up 16.5% year over year.
No. The median sale price in Sheepshead Bay is currently 34.3% below the 5-year high recorded in December 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Sheepshead Bay have a median of 132 days on market (the time from listing to a signed contract, per StreetEasy). That is 68 days slower than the same point a year ago. Roughly 10.3% of active listings have recorded a price cut, suggesting some negotiating room.
Sheepshead Bay is broadly balanced right now, with median days on market at 132 days and 10.3% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Sheepshead Bay offers both co-ops and condos. Condos are the higher-priced segment at a $735K median, with co-ops at $289K.
Roughly 38 homes change hands each month in Sheepshead Bay across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Sheepshead Bay is $2,850/month. Rents are up 2.7% year over year.
Median asking rent in Sheepshead Bay is currently $250 below the 5-year high set in April 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Sheepshead Bay has risen 42.5% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Sheepshead Bay, median sale prices range across Manhattan Beach at $1.5M, Gravesend at $597K, Coney Island at $368K, Brighton Beach at $255K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Sheepshead Bay is served by the Bus service. The commute to Midtown Manhattan runs roughly 171 minutes from Nearest bus stop.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Sheepshead Bay, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience and 1,100+ NYC property transactions across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals, and he works in English and Spanish. Direct: (917) 416-7433. Email: [email protected].
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Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and 1,100+ transactions across NYC. Whether you are buying, selling, or leasing in Sheepshead Bay, I will guide you every step of the way.
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