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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
23 active listings · Median $753K
Calculating market narrative...
A condo-dominant submarket with strong rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Sheepshead Bay is $3,000/month, $26 below the 5-year high set in Dec 2023. Rents are up +9.1% year over year and +66.6% over the past 5 years. Median sale price stands at $753K, 17.6% below the 5-year high recorded in Dec 2024. Sale prices are up +13.2% year over year. Sale listings are clearing 13 days faster 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 Mar 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...
| 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
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Based on active listings in Sheepshead Bay
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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 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 Sheepshead Bay 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 Sheepshead Bay is $753K. Condos sit at a median of $450K and co-ops at $245K. Sale prices are up 13.2% year over year.
No. The median sale price in Sheepshead Bay is currently 17.6% 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 90 days on market. That is 13 days faster than the same point a year ago. Roughly 10.2% 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 90 days and 10.2% 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 $450K median, with co-ops at $245K.
Roughly 48 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 $3,000/month. Rents are up 9.1% year over year.
Median asking rent in Sheepshead Bay is currently $26 below the 5-year high set in December 2023. 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 66.6% 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 Gravesend at $975K, Manhattan Beach at $575K, Brighton Beach at $543K, Coney Island at $490K. 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 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 Sheepshead Bay, I will guide you every step of the way.
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