Brooklyn · New York, NY
104 active listings · Median $875K
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 $4,695/month, $138 below the 5-year high set in Feb 2026. Rents are up +6.1% year over year and +17.8% over the past 5 years. Median sale price stands at $875K, 42.6% below the 5-year high recorded in May 2026. Sale prices are down -5.8% year over year. Sale listings are clearing 23 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 Sep 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.
In my 25+ years selling real estate across New York City, I use this Downtown Brooklyn data in real negotiations, not just for a web page.
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
The zips that cover Downtown Brooklyn (11201, 11217) hold about 500 condo lots representing roughly 22,200 units, alongside about 3,600 lots built before 1900, per the city's PLUTO tax-lot data. Buyers set new towers and older brownstones against LIRR access, the Barclays Center area and Brooklyn Bridge Park. A condo seller should have the offering plan amendments and common-charge history ready; a brownstone seller, the certificate of occupancy and open DOB items.
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.
Downtown Brooklyn has 104 active listings for sale on the RLS/REBNY feed.
| Inventory & Activity | |
| Active Listings | 104 |
| Pending Sales | 33 |
| New This Week | 2 |
| New This Month | 15 |
| Avg DOM | 90 days |
| Price Cut Rate | 12.1% |
| Recent Sales | |
| Sold Last 30 Days | 9 |
| Sold Last 90 Days | 34 |
| Sale-to-List | 94.0% |
| Asking Prices | |
| Median Asking | $875,000 |
| Average Asking | $1,608,609 |
| Median $/SqFt | $1,391 |
| Median Condo Ask | $880,000 |
| Median Co-op Ask | $652,000 |
Based on active listings in Downtown Brooklyn
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 13 | $569,000 | $275K - $1.15M |
| 1 Bedroom | 37 | $949,999 | $445K - $1.56M |
| 2 Bedrooms | 35 | $1,565,000 | $799K - $2.69M |
| 3+ Bedrooms | 19 | $2,925,000 | $1.10M - $16.75M |
View active listings by size:
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 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 Downtown Brooklyn 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
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Sale listings that came on the market in the last 7 days.
Homes in Downtown Brooklyn take a median 90 days to go into contract. Source: StreetEasy market data.
289 SCHERMERHORN Street #6E
Downtown Brooklyn
Priced below the neighborhood 1-bedroom condo median of $949,999.
289 SCHERMERHORN Street #10E
Downtown Brooklyn
Priced in line with the neighborhood 1-bedroom condo median of $949,999.
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Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Downtown Brooklyn has 104 active listings for sale on the RLS/REBNY feed right now. Of those that list a bedroom count: 13 studios, 37 one-bedrooms, 35 two-bedrooms and 19 with three or more bedrooms.
Across the 35 two-bedroom apartments listed for sale in Downtown Brooklyn, the median asking price is $1,565,000, with asking prices from $799,000 to $2,685,000. These are RLS/REBNY asking prices, not closing prices.
The median sale price in Downtown Brooklyn is $875K. Condos sit at a median of $880K and co-ops at $652K. Sale prices are down 5.8% year over year.
No. The median sale price in Downtown Brooklyn is currently 42.6% below the 5-year high recorded in May 2026. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Downtown Brooklyn have a median of 90 days on market (the time from listing to a signed contract, per StreetEasy). That is 23 days faster than the same point a year ago. Roughly 12.1% 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 90 days and 12.1% 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 $880K median, with co-ops at $652K.
Roughly 8 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 $4,695/month. Live RLS listings show studios at $3,779, 1-bedrooms at $5,500, 2-bedrooms at $8,620 per month. Rents are up 6.1% year over year.
Median asking rent in Downtown Brooklyn is currently $138 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 17.8% 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 $3.7M, Boerum Hill at $2.3M, DUMBO at $1.5M, Brooklyn Heights at $1.5M. 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 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 Downtown Brooklyn, I will guide you every step of the way.
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