Market Overview for August, 2024
Median Sale Price
27.2% YoY
Median Price/Sqft
3.6% YoY
No. of Transactions
0% YoY
Brooklyn Median Sale Price
5% YoY
What is the median sale price and median price per sq ft in Brighton Beach?
The median home sale price in Brighton Beach as of August was $623K, up 27.2% year-over-year.
A total of 12 assets were sold, representing only a 0% difference year-over-year.
In August, the median price per square foot was $687, a 3.6% YoY change.
The median home sale price in Brooklyn was $827K.
Top most expensive neighborhoods in Brooklyn
Brighton Beach median price compared with other neighborhoods in Brooklyn
Property values in Brighton Beach are lower compared to the borough of Brighton Beach overall.
Brighton Beach median price compared with all the neighborhoods in Brooklyn
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Cobble Hill | Brooklyn | $1,952,500 |
| Boerum Hill | Brooklyn | $1,704,500 |
| Vinegar Hill | Brooklyn | $1,679,500 |
| DUMBO | Brooklyn | $1,667,352 |
| Brooklyn Heights | Brooklyn | $1,529,000 |
| Park Slope | Brooklyn | $1,495,000 |
| Prospect Heights | Brooklyn | $1,423,582 |
| Prospect - Lefferts Gardens | Brooklyn | $1,375,000 |
| Greenpoint | Brooklyn | $1,350,000 |
| Carroll Gardens | Brooklyn | $1,250,000 |
| Homecrest | Brooklyn | $1,200,000 |
| Gowanus | Brooklyn | $1,135,265 |
| Fort Greene | Brooklyn | $1,125,000 |
| Williamsburg | Brooklyn | $1,075,000 |
| Bedford-Stuyvesant | Brooklyn | $1,035,000 |
| Madison | Brooklyn | $980,000 |
| Mill Basin | Brooklyn | $980,000 |
| Dyker Heights | Brooklyn | $937,500 |
| Downtown Brooklyn | Brooklyn | $922,000 |
| Borough Park | Brooklyn | $907,391 |
| Bensonhurst | Brooklyn | $902,500 |
| Clinton Hill | Brooklyn | $870,000 |
| Wingate | Brooklyn | $860,000 |
| Columbia Street Waterfront District | Brooklyn | $860,000 |
| Bergen Beach | Brooklyn | $826,000 |
| Crown Heights | Brooklyn | $775,000 |
| Marine Park | Brooklyn | $760,000 |
| Bushwick | Brooklyn | $715,000 |
| Midwood | Brooklyn | $712,500 |
| Fiske Terrace | Brooklyn | $706,250 |
| Old Mill Basin | Brooklyn | $700,000 |
| Windsor Terrace | Brooklyn | $662,450 |
| Canarsie | Brooklyn | $650,000 |
| East Flatbush | Brooklyn | $640,000 |
| Greenwood Heights | Brooklyn | $640,000 |
| Flatbush | Brooklyn | $635,000 |
| Brighton Beach | Brooklyn | $623,184 |
| Kensington | Brooklyn | $610,000 |
| Prospect Park South | Brooklyn | $588,000 |
| Manhattan Beach | Brooklyn | $584,475 |
| Bath Beach | Brooklyn | $570,000 |
| Brownsville | Brooklyn | $570,000 |
| Sunset Park | Brooklyn | $560,000 |
| Gerritsen Beach | Brooklyn | $547,500 |
| Ditmas Park | Brooklyn | $544,000 |
| Bay Ridge | Brooklyn | $510,000 |
| Flatlands | Brooklyn | $510,000 |
| Gravesend | Brooklyn | $475,000 |
| Ocean Hill | Brooklyn | $460,000 |
| Coney Island | Brooklyn | $450,000 |
| East New York | Brooklyn | $352,984 |
| Sheepshead Bay | Brooklyn | $330,000 |
Residential Properties Sold in Brighton Beach
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $496K | -0.5% | $687 | -0.5% | 10 |
| Coops | $750K | 102.7% | - | - | 2 |
| Houses | - | - | - | - | 0 |
The median condo prices in Brighton Beach remained flat year-over-year at $496K. Median coop sale price in Brighton Beach were $750K, a change of 102.7% year-over-year. There was no statistically significant data for median house sale price activity for the period of August in Brighton Beach.
See also
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Brighton Beach Neighborhood Guide
As the name implies, Brighton Beach has access to New York City's beaches on Brighton Beach Avenue, which runs parallel to the beaches and boardwalk of Coney Island. Pair the access to several beaches with the fact that this neighborhood is directly served by a subway station, and you'll see why it's both a popular stop for New York City residents on summer weekends, and a coveted place to live for its 110,000+ residents. One trip to this unique neighborhood and you'll see that it's truly like no other.
Architecture and landmarks
The original architecture in Brighton Beach dates back to the early 20th century and was mostly bungalows best suited for summer residents. A few these remain along Oceanview and Neptune, but the streets here are not much wider than an average sidewalk. As a result, it's not uncommon for the owners of bungalows along these streets to pave their front lawns so they can park. Continuing down Oceanview to Brighton Beach Avenue will take you past a wide range of multifamily homes, while the Brightwater Court area has rentals, coops, and traditional single-family homes. This area offers some architecturally interesting structures, including Art Deco buildings with fancy rooflines, and the sea-themed John Paul Jones at No. 417. Several buildings have been completed within the last decade, such as the 15-building complex Oceana Condominium and Club, which includes terraces that overlook an outdoor pool - though on cool days residents can simply take a dip in the indoor pool.
Transport
The B line of the New York City Subway ends at the Brighton Beach station on Sixth Street. There, residents can also pick up the Q train, though both trains travel different routes to Manhattan. A trip to Midtown takes about 45 minutes. There are also four local buses, as well as an express bus, which takes about an hour and a half to get to Manhattan.
Schools
There are numerous public primary and middle schools in Brighton Beach, including PS 225 (The Eileen E. Zaglin School) and PS 253 (Ezra Jack Keats International School). Schools in nearby Coney Island include PS 100 and IS 303. William E. Grady Vocational High School is located in Brighton Beach and Abraham Lincoln High School is nearby in Coney Island. Additional schools near Brighton Breach include The Leon M. Goldstein High School for the Sciences and Rachel Carson High School for Coastal Studies.
Health
There are two hospitals in or very close to Brighton Beach: NYC Health + Hospitals Coney Island and NY Methodist Hospital. The neighborhood also benefits from a large number of doctors' offices, as well as the Medical Clinic at Oceanview and Brighton Fourth.
Safety
In 2016, there were 9.73 reported crimes per 1,000 residents of Brighton Beach. This neighborhood is patrolled by the 60th Precinct of the New York City Police Department and is one of the safer neighborhoods within Brooklyn.
Things to do
There is no shortage of things to do in Brighton Beach, from shopping at the rich variety of stores that sell everything from shoes to gourmet foods and perfume, to heading out for a truly vibrant night on the town. Residents can be found relaxing at the Velvet Rope Lounge, where the chicken Kiev is widely considered the best in the city, or at the Black Sea Bookstore, with the books you'd expect plus a background of electronica music.
There is a strong Russian influence on the neighborhood, as evidenced by the fact that most stores have signs in both English and Russian. There's also the Brighton Ballet Theater, which is one of the most famous Russian ballet schools in the U.S., as well as the Master Theater, located near the waterfront and the home to a variety of Russian language plays with actors from the United States, Russia, and elsewhere.
The boardwalk is a popular spot for sitting outside and people watching on warmer nights, though Tatiana has long been the favorite local spot to tip back a Russian brew - Baltika is especially popular here. There is a branch of the Brooklyn Public Library here, called the Brighton Beach Library, and there are many waterfront access parks.