Market Overview for Quarter 2, 2021
Median Sale Price
No. of Transactions
Brooklyn Median Sale Price
What is the median sale price and median price per sq ft in Borough Park?
Borough Park Neighborhood Map
Borough Park covers just 200 blocks yet it's one of the most densely populated areas in Brooklyn. The population is just under 200,000 and housing is primarily low-rise multifamily homes. Rarer options include classic apartment complexes and high-end gated communities. Public transportation options abound in this neighborhood.
Top most expensive neighborhoods in Brooklyn
Borough Park median price compared with other neighborhoods in Brooklyn
Borough Park property values are on the higher-end for neighborhoods in Brooklyn .
Borough Park median price compared with all the neighborhoods in Brooklyn
|Neighborhood||Borough||Median Sale Price|
|Prospect - Lefferts Gardens||Brooklyn||$1,549,995|
|Columbia Street Waterfront District||Brooklyn||$1,100,000|
|Prospect Park South||Brooklyn||$599,000|
|Old Mill Basin||Brooklyn||$545,900|
|East New York||Brooklyn||$470,000|
Residential Properties Sold in Borough Park
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in Borough Park in Quarter 2 was $1.1M, up 15% year-over-year. Conversely, median condo prices in Borough Park trended down 4% year-over-year to $760K. Median coop sale price in Borough Park were $475K, a change of 35% year-over-year.
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Borough Park Neighborhood Guide
Borough Park, also known as Boro Park, is located on the southwestern tip of Brooklyn. The exact boundaries of this large neighborhood have changed over the last three decades, and the result is that the neighborhood has tripled in size. Today it's considered to be the grid of streets between Bensonhurst, Bay Ridge, Sunset Park, Kensington, Flatbush, and Midwood. This economically diverse area has seen a significant growth in population though the neighborhood has maintained its traditional feel.
Architecture and landmarks
Well-known for its array of independent stores, locally owned restaurants, and classic brownstones, Borough Park is also home to an array of art galleries. Cultural landmarks include Roulette, BAM, the Invisible Dog Art Center, and the Issue Project Room. There's even a non-commercial radio station located in the neighborhood, which is entirely funded by its listeners. It's also home to a small historic district with a long row of Italianate and Greek Revival homes built in the early 1870s. Classic architecture in the rest of the neighborhood is limited to brownstones and bricks, though there's been an influx of new building in the area for the last decade and this trend is expected to continue.
Residents of Borough Park can hop on the F or D train and get to Midtown in just about half an hour. There are also a number of local bus lines, the most popular of which are the 16, which goes down 13th Avenue and 14th Avenue, and the 11, which goes down 49th Street and 50th Street, and several express buses to Manhattan.
Most students in Borough Park are enrolled in yeshivas or other religious schools, but there are public schools as well. PS 164 Caesar Rodney serves pre-K to 5th grade, and JHS 223 the Montauk, which is not in Borough Park but is nearby, serves 6th through 8th grade. The most popular public high school in the neighborhood is Franklin Delano Roosevelt High School, which scores above average on standardized tests.
The Maimonides Medical Center is located in Borough Park, and has almost 700 beds, a level 2 trauma center, an ER, maternity wards, and psychiatric services. It is one of the largest teaching hospitals in the state and has a significant outpatient clinic program. There are a number of private practices in the area as well, including alternative medical providers.
Borough Park is patrolled by the 66th Precinct of the New York Police Department, where there is a yearly average of 5.96 reported crimes per 1,000 residents. This makes it one of the safest neighborhoods in both Brooklyn and New York City in general.
Things to do
13th and 16th Avenues are home to dozens of restaurants, shops, schnitzel bars, kosher fast food spots, hat stores, wig shops, and clothing stores. Eichlers is a Judaica superstore with music, books, clothes, and even framed photos of rabbis.
Other avenues and streets have hotspots of their own, including the popular Chinese restaurant Yun Nan Flavor Garden, the upscale sandwich shop Parlay, a popular hotpot mainstay Laojie Hotpot, and Viiza's Pizza. For those who want to have a few cocktails, Fantastic Bar is a popular choice, and those who want a more laidback spot to have a few beers can likely be found at Soccer Tavern or Hunter Bar 888.
Apothecarie New York is favored by those searching for the finest skin care products, and Pink House is one of the most unique clothing stores in the neighborhood. There is a branch of the Brooklyn Public Library at the intersection of 43rd Street and 13th Avenue.