Apartment sales in Brooklyn seem to paint an encouraging picture in the second quarter of 2012. PropertyShark data indicates a 36% increase in the number of condo and coop sales, with median sale prices also going up 16% over Q1 2012.
But let’s visualize numbers for a change. Our interactive map of apartment sales in Brooklyn helps you see which neighborhoods registered the highest prices per square foot for condo and coop sales – see how the colors range from gray to dark red. This quarterly map displays a majority of dark and light green circles, which translate into prices per square foot ranging from $500 to $1,000. Also, the larger the circle, the more sold units the building has. The areas with the most intense sales activity this quarter were Park Slope, Brooklyn Heights, and Downtown Brooklyn – the same as the last quarter.
Two of the largest residential sales in Brooklyn in Q2 2012 were Brooklyn Heights condo units at 1 Grand Army Plaza: PH16S sold for $5,100,000 and PH16N sold for $4,900,000 in April.