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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
97 active listings · Median $830K
Calculating market narrative...
A condo-dominant submarket with strong rent growth, sale values below the 5-year high, and sale listings clearing quickly.
Median asking rent in Downtown Brooklyn is $4,780/month, $93 below the 5-year high set in Feb 2026. Rents are up +8.4% year over year and +45.1% over the past 5 years. Median sale price stands at $830K, 47.2% below the 5-year high recorded in Oct 2023. Sale prices are down -9.5% year over year. Sale listings are clearing 56 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.
Downtown Brooklyn features a mixture of historic brownstones and modern high-rise architecture. The area is built around major transit hubs, including LIRR access and multiple subway lines. Residents benefit from green space in Brooklyn Bridge Park and prominent local landmarks.
Stations: Court St (0.07 mi), Borough Hall (0.14 mi), Jay St-MetroTech (0.22 mi), Clark St (0.26 mi), High St (0.35 mi)
Midtown: 15 min (2 express from Borough Hall)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Downtown Brooklyn
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Properties in Downtown Brooklyn
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 Downtown Brooklyn 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."
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New development condos in LIC, Downtown Brooklyn, and Hudson Yards offer tax abatements and modern layouts. Are they worth it?
The median sale price in Downtown Brooklyn is $830K. Condos sit at a median of $1.4M and co-ops at $878K. Sale prices are down 9.5% year over year.
No. The median sale price in Downtown Brooklyn is currently 47.2% below the 5-year high recorded in October 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Downtown Brooklyn have a median of 46 days on market. That is 56 days faster than the same point a year ago. Roughly 10.1% of active listings have recorded a price cut, suggesting some negotiating room.
Downtown Brooklyn is broadly balanced right now, with median days on market at 46 days and 10.1% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Downtown Brooklyn offers both co-ops and condos. Condos are the higher-priced segment at a $1.4M median, with co-ops at $878K.
Roughly 11 homes change hands each month in Downtown Brooklyn 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 Downtown Brooklyn is $4,780/month. Live RLS listings show studios at $4,243, 1-bedrooms at $5,307, 2-bedrooms at $8,307, 3+ bedrooms at $3,995 per month. Rents are up 8.4% year over year.
Median asking rent in Downtown Brooklyn is currently $93 below the 5-year high set in February 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Downtown Brooklyn has risen 45.1% 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 Downtown Brooklyn, median sale prices range across Cobble Hill at $2.3M, DUMBO at $1.9M, Boerum Hill at $1.4M, Brooklyn Heights at $1.1M. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Downtown Brooklyn is served by the 2, 3, 4, 5, A, C, F, R trains. The commute to Midtown Manhattan runs roughly 15 minutes from Borough Hall.
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 Downtown Brooklyn, 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 Downtown Brooklyn, I will guide you every step of the way.
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