Brooklyn · New York, NY
5 active listings · Median $990K
Calculating market narrative...
A co-op-led submarket with strong rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Flatlands is $2,950/month, $550 below the 5-year high set in Oct 2023. Rents are up +34.1% year over year and +28.3% over the past 5 years. Median sale price is $990K, near a 5-year high. Sale listings are clearing 4 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 Oct 2026.
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 ...
In my 25+ years selling real estate across New York City, I use this Flatlands data in real negotiations, not just for a web page.
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
Flatlands shares its zip (11234) with several southeast Brooklyn neighborhoods, and the city's PLUTO tax-lot data counts about 6,600 two-unit and 900 three-unit lots there. Buyers compare detached houses and two-unit brick houses with access to the B and Q at Kings Highway and Avenue U, and Floyd Bennett Field to the south. A two-unit seller should have the rent roll, leases, certificate of occupancy and any open HPD or DOB items together.
Built on your building's comparable sales, not a portal estimate.
Seven questions, plus a 2-to-4 family mode with your rent roll.
Commission, transfer taxes, flip tax and payoff, line by line.
Open HPD and DOB items, registration and lien status for 1-to-4 family owners.
With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.
Flatlands has 5 active listings for sale on the RLS/REBNY feed.
| Inventory & Activity | |
| Active Listings | 5 |
| Pending Sales | 7 |
| New This Week | 0 |
| New This Month | 1 |
| Avg DOM | 138.5 days |
| Price Cut Rate | 7.5% |
| Recent Sales | |
| Sold Last 30 Days | 2 |
| Sold Last 90 Days | 3 |
| Sale-to-List | 80.0% |
| Asking Prices | |
| Median Asking | $990,000 |
| Average Asking | $829,000 |
| Median $/SqFt | $607 |
| Median Condo Ask | $675,000 |
| Median Co-op Ask | $315,000 |
Based on active listings in Flatlands
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 0 | -- | -- |
| 1 Bedroom | 0 | -- | -- |
| 2 Bedrooms | 1 | too few | $550K - $550K |
| 3+ Bedrooms | 4 | too few | $630K - $1.35M |
View active listings by size:
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 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 Flatlands 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
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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Flatlands has 5 active listings for sale on the RLS/REBNY feed right now. Of those that list a bedroom count: 1 two-bedroom and 4 with three or more bedrooms.
The median sale price in Flatlands is $990K. Condos sit at a median of $675K and co-ops at $315K. 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 Flatlands 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.
Sale listings in Flatlands have a median of 138.5 days on market (the time from listing to a signed contract, per StreetEasy). That is 4 days slower than the same point a year ago. Only 7.5% of active listings have a price cut on record, signaling tight pricing.
Flatlands is broadly balanced right now, with median days on market at 138.5 days and 7.5% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Flatlands offers both co-ops and condos. Condos are the higher-priced segment at a $675K median, with co-ops at $315K.
Roughly 5 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 $2,950/month. Rents are up 34.1% year over year.
Median asking rent in Flatlands is currently $550 below the 5-year high set in October 2023. 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 28.3% 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 $1.3M, Marine Park at $829K, Bergen Beach at $750K, East Flatbush at $565K. 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 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 Flatlands, I will guide you every step of the way.
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