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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
8 active listings · Median $425K
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A rental-heavy submarket with softening rents and sale values below the 5-year high.
Median asking rent in Flatlands is $2,250/month, $950 below the 5-year high set in Feb 2024. Rents are down -2.2% year over year and +25.0% over the past 5 years. Median sale price stands at $425K, 43.6% below the 5-year high recorded in Feb 2024.
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 Aug 2025.
Flatlands is a southeastern Brooklyn neighborhood of single-family detached homes, two-family brick houses, and low-rise apartment buildings on a flat grid of residential streets. The B/Q trains at the Kings Highway and Avenue U stations serve the western portion, and local buses provide additional ...
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Properties in Flatlands
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 last updated: 1/1/1970.
Experience across NYC
Transactions closed
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 Flatlands buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
The median sale price in Flatlands is $425K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Flatlands is currently 43.6% below the 5-year high recorded in February 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Roughly 6 homes change hands each month in Flatlands 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 Flatlands is $2,250/month. Rents are down 2.2% year over year.
Median asking rent in Flatlands is currently $950 below the 5-year high set in February 2024. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Flatlands has risen 25.0% 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 Flatlands, median sale prices range across Midwood at $1.2M, Marine Park at $938K, Bergen Beach at $825K, East Flatbush at $668K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Flatlands is served by the Bus service. The commute to Midtown Manhattan runs roughly 134 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 Flatlands, 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 across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Flatlands, I will guide you every step of the way.
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