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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
7 active listings · Median $1.3M
Calculating market narrative...
A rental-heavy submarket with rents at the 5-year high and rising sale prices.
Median asking rent in Mill Basin sits at $2,400/month, matching the 5-year high. Median sale price is $1.25M, near a 5-year high.
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 2018.
Mill Basin is a waterfront neighborhood in southeastern Brooklyn defined by detached single-family brick houses, many with private docks and direct access to Jamaica Bay. The housing stock ranges from mid-century brick bungalows to large custom-built homes on generous 50-by-100-foot lots. Marine Par...
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Mill Basin
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Properties in Mill Basin
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 Mill Basin 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 Mill Basin is $1.3M. 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.
Yes. The median sale price in Mill Basin sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.
Roughly 3 homes change hands each month in Mill Basin 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 Mill Basin is $2,400/month.
Yes. The median asking rent in Mill Basin is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.
Within walking or short-transit distance of Mill Basin, median sale prices range across Marine Park at $938K, Bergen Beach at $825K, Gerritsen Beach at $560K, Flatlands at $425K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Mill Basin is served by the Bus service. The commute to Midtown Manhattan runs roughly 160 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 Mill Basin, 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 Mill Basin, I will guide you every step of the way.
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