Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
Brooklyn Median Sale Price
As of Quarter 1, the median home sale price in Bedford-Stuyvesant was $835K, up 13% year-over-year. A total of 88 properties traded, representing a 104% year-over-year increase. The median price per square foot in Quarter 1 was $774, an 18% YoY change. The median home sale price in Brooklyn was $802K.
Bedford-Stuyvesant Neighborhood Map
Also known as Bed-Stuy, this centrally located neighborhood is just next door to hip Williamsburg but has plenty to set itself apart: impeccable brownstones, unique storefronts, and a tight-knit community that supports improvements to bring in more locally owned businesses. Public transportation includes half a dozen subway and bus lines.
Top most expensive neighborhoods in Brooklyn
Bedford-Stuyvesant median price compared with other neighborhoods in Brooklyn
Bedford-Stuyvesant property values are on the higher-end for neighborhoods in Brooklyn .
Bedford-Stuyvesant median price compared with all the neighborhoods in Brooklyn
|Neighborhood||Borough||Median Sale Price|
|Columbia Street Waterfront District||Brooklyn||$1,247,500|
|Prospect - Lefferts Gardens||Brooklyn||$834,981|
|Prospect Park South||Brooklyn||$725,000|
|Old Mill Basin||Brooklyn||$613,750|
|East New York||Brooklyn||$527,500|
Residential Properties Sold in Bedford-Stuyvesant
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in Bedford-Stuyvesant in Quarter 1 was $2.1M, up 55% year-over-year. Condo prices in Bedford-Stuyvesant trended similarly, with the median condo price up 11% year-over-year to $759K. There was no statistically significant data for median coop price activity for the period of Quarter 1 in Bedford-Stuyvesant.
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Bedford-Stuyvesant Neighborhood Guide
Known to residents as Bed-Stuy, this neighborhood is located in northern Brooklyn, just outside the gentrification line. Bedford-Stuyvesant has one of the largest stocks of locally-owned businesses in the borough and many of its bars and cafes have been there for decades. The neighborhood has an eclectic mix of young professionals, well-established families, and everyone in between. Bedford-Stuyvesant is actually an umbrella term that covers four distinct sub-neighborhoods within this single neighborhood: Bedford, Ocean Hill, Stuyvesant Heights, and Weeksville, all of which are growing by leaps and bounds.
Architecture and landmarks
Bedford-Stuyvesant is a historic neighborhood that has an impressive number of pristine brownstones right alongside charming neighborhood storefronts. While the architectural type will vary throughout, Bed-Stuy does have the highest concentration of Victorian homes in the entire city. There is a national historic district, Stuyvesant Heights Historic District, which includes more than 570 residential buildings built in the late 1800s. It covers 17 blocks and primarily consists of two- and three-story row houses. It also covers a few non-residential structures, which include Our Lady of Victory Catholic Church and St. Phillip's Episcopal Church.
There are numerous Brooklyn bus routes in Bedford-Stuyvesant, as well as access to the A and C subway lines at the IND Fulton Street Line, the G line on the IND Crosstown Line, and the J, M, and Z lines on the BMT Jamaica Line. The Long Island Rail Road also serves the neighborhood at two stations: East New York and Nostrand Avenue.
The zoned high school for Bedford-Stuyvesant is Boys and Girls High School, located on Fulton Street, and the Paul Robeson High School for Business and Technology is located on the eastern edge of the neighborhood. The Success Academy Bed-Stuy has two charter schools in the neighborhood, both of which serve kindergarten and first grade, and there are numerous other schools in the area including Brooklyn Waldorf School, Leadership Preparatory Charter School and Bedford Academy High School.
The closest hospital is Brooklyn Hospital Center located in Fort Greene, though there are numerous medical offices and urgent care clinics in the neighborhood, including Woodhull Medical and Mental Health Center. A little to the south in Prospect Lefferts Gardens is the SUNY Downstate Medical Center.
Bed-Stuy is served by both the 79th and 81st precincts of the NYC Police Department. In 2016 there were 17.99 crimes committed per 1,000 residents in precinct 79 and 20.02 per 1,000 residents in precinct 81. This is middle of the road compared to other neighborhoods in Brooklyn.
Things to do
There are enough locally owned bars, stores, and restaurants to keep locals busy for years. Primarily located along Lewis Avenue, Bedford Avenue, Tompkins Avenue, and Malcolm X Boulevard, new stores and eateries are constantly opening up. Popular options include the Black Swan pub, the Beast of Bourbon music venue, and the well-established Italian restaurant Saraghina. Bread Love, a local bakery, is one of the most popular spots for coffee and a pastry.
Dough, a local donut shop, has unique flavors like tropical chili and hibiscus, and popular shopping options include vintage finds at Harold and Maude Vintage or I Like Mike's. Cocktail bar favorites include Dynaco and Casablanca Cocktail Lounge, while Brooklyn Beso and Peaches Hot House are frequently mentioned by those in the know as favorite lunch and dinner spots. Those with a love of gardening will find numerous stores within the neighborhood to get everything from cacti to plant food.
It's true that there is less recreational space in this neighborhood compared to others in Brooklyn, but there are a few small parks. They include Herbert Von King Park, which is just shy of 8 acres, and the 3-acre Saratoga Square Park. There are numerous dog parks as well, and in the warmer months of the year, residents of Bedford-Stuyvesant are often found at the many block parties and street festivals in the area.