North Brooklyn property prices sinking, report says

  • North Brooklyn co-ops and condos held an average price of $1,002,071 in the first quarter of 2015, only to fall to $920,754 in the first quarter of 2016.
  • Apartment prices -- condos and co-ops included -- increased 5 percent from a year ago throughout Brooklyn.
  • For single-family townhomes, average and median prices rose since last year.
  • Average prices on all apartments in Central Brooklyn declined by 6 percent to reach $580,629.

Get Smarter. Grow Your Referral Network.
Limited seating available for Inman Connect San Francisco

Brooklyn residential prices had another unwavering quarter overall, with prices showcasing strong increases on an annual analysis from Brown Harris Steven’s first quarter Brooklyn market report. However, a closer look reveals co-ops and condos dropping in North Brooklyn — comprising popular neighborhoods Williamsburg and Greenpoint.