Market Overview for Quarter 2, 2022
Median Sale Price
16% YoY
Median Price/Sqft
10% YoY
No. of Transactions
-45% YoY
Brooklyn Median Sale Price
0% YoY
What is the median sale price and median price per sq ft in Canarsie?
Canarsie Neighborhood Map
There are numerous subway stations and half a dozen express buses running through Canarsie, and the main roadways Flatlands Avenue and Rockaway Parkway provide easy access to other spots in NYC. A wide variety of property types are available, including detached homes, small brick homes with garages, and housing developments near the L train stop.
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Canarsie median price compared with other neighborhoods in Brooklyn
Property values in Canarsie are lower compared to the borough of Canarsie overall.
Canarsie median price compared with all the neighborhoods in Brooklyn
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Red Hook | Brooklyn | $2,096,000 |
| DUMBO | Brooklyn | $2,010,000 |
| Fiske Terrace | Brooklyn | $1,823,000 |
| Gowanus | Brooklyn | $1,605,600 |
| Boerum Hill | Brooklyn | $1,570,000 |
| Fort Greene | Brooklyn | $1,500,000 |
| Cobble Hill | Brooklyn | $1,495,000 |
| Brooklyn Heights | Brooklyn | $1,475,000 |
| Park Slope | Brooklyn | $1,409,000 |
| Manhattan Beach | Brooklyn | $1,400,000 |
| Columbia Street Waterfront District | Brooklyn | $1,400,000 |
| Prospect Heights | Brooklyn | $1,397,500 |
| Downtown Brooklyn | Brooklyn | $1,275,347 |
| Mill Basin | Brooklyn | $1,082,500 |
| Greenpoint | Brooklyn | $1,058,750 |
| Williamsburg | Brooklyn | $1,034,353 |
| Carroll Gardens | Brooklyn | $1,012,500 |
| Dyker Heights | Brooklyn | $980,000 |
| Greenwood Heights | Brooklyn | $951,123 |
| Borough Park | Brooklyn | $925,000 |
| Windsor Terrace | Brooklyn | $920,000 |
| Bergen Beach | Brooklyn | $912,500 |
| Bedford-Stuyvesant | Brooklyn | $820,000 |
| Clinton Hill | Brooklyn | $807,500 |
| Wingate | Brooklyn | $773,250 |
| Crown Heights | Brooklyn | $772,000 |
| Prospect - Lefferts Gardens | Brooklyn | $760,000 |
| Bath Beach | Brooklyn | $749,000 |
| Old Mill Basin | Brooklyn | $725,000 |
| Marine Park | Brooklyn | $713,000 |
| Prospect Park South | Brooklyn | $697,500 |
| Georgetown | Brooklyn | $673,750 |
| Madison | Brooklyn | $658,248 |
| Sea Gate | Brooklyn | $649,476 |
| Bushwick | Brooklyn | $645,570 |
| Flatbush | Brooklyn | $644,500 |
| Canarsie | Brooklyn | $643,250 |
| Bensonhurst | Brooklyn | $634,000 |
| Gravesend | Brooklyn | $631,315 |
| Brighton Beach | Brooklyn | $600,000 |
| East Flatbush | Brooklyn | $563,000 |
| Ocean Hill | Brooklyn | $560,751 |
| Midwood | Brooklyn | $560,037 |
| East New York | Brooklyn | $549,000 |
| Sunset Park | Brooklyn | $545,110 |
| Bay Ridge | Brooklyn | $542,500 |
| Brownsville | Brooklyn | $525,000 |
| Kensington | Brooklyn | $516,750 |
| Homecrest | Brooklyn | $500,576 |
| Flatlands | Brooklyn | $500,000 |
| Coney Island | Brooklyn | $472,500 |
| Ditmas Park | Brooklyn | $434,500 |
| Sheepshead Bay | Brooklyn | $387,500 |
| Gerritsen Beach | Brooklyn | $341,500 |
Residential Properties Sold in Canarsie
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $273K | 5% | $475 | 29% | 2 |
| Coops | $220K | -2% | - | - | 1 |
| Houses | $669K | 14% | $550 | 4% | 10 |
The median house sale price in Canarsie in Quarter 2 was $669K, up 14% year-over-year. Condo prices in Canarsie trended similarly, with the median condo price up 5% year-over-year to $273K. Median coop sale price in Canarsie were $220K, a change of -2% year-over-year.
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Canarsie Neighborhood Guide
Canarsie was carved out of Flatlands, one of the five original towns the Dutch set up on Long Island in the 1600s. The name came from an English approximation of a Lenni Lenape Indian word for "fenced land" or "hedge" - a fortuitous choice since the former fishing village on Jamaica Bay gave way to the little fenced-in properties of lawns and flower gardens and driveways that make up today's neighborhood. In recent years Canarsie has received a strong migration from Caribbean nations settling in the waterfront community. The West Indian culture has branded the middle-class neighborhood with such island staples as cricket fields and Jamaican jerk pulled pork and chicken eateries.
Architecture and landmarks
There are still heritage structures visible in the Canarsie streetscape. On Flatlands Avenue is an 1820s-era residence constructed by Charles Vanderveer, a direct descendant of Dutch settler Cornelius Venderveer. The Canarsie Pier is a Depression-era project that replaced the Golden City Amusement Park that was rival to Coney Island in the early 1900s; its carousel was salvaged and sent east to Baldwin at 850 Sunrise Highway. One of Canarsie's oldest landmarks arrives on the stoop every Thursday - the Canarsie Courier has been published since 1921 and is the oldest weekly newspaper in Brooklyn.
Transport
The L Train begins its hour-long journey into Manhattan at Rockaway Parkway. Access to other Brooklyn subway lines (2, 3 and 5) will require a mastery of the MTA bus schedule - start with the B6, B17, B60, and B103; the BM2 offers an express ride into Manhattan, and you expect a journey of about an hour.
Schools
Five public elementary and two intermediate schools handle the education needs of Canarsie youth. Canarsie High School was overhauled at the beginning of this decade and transformed into a campus of three schools of targeted classrooms: the High School or Medical Professions, Innovation in Advertising and Media, and Urban Action Academy.
Health
Brookdale University Hospital and Medical Center just north of Canarsie is a regional tertiary care center. The emergency department operates 24/7 and is one of Brooklyn's largest; the Trauma Center is one of only 15 Level 1 facilities in the city. Brookdale also offer patients a variety of outpatient programs and long-term specialty care.
Safety
Canarsie is tucked into bed each night by the 69th Precinct, which reports 12.8196 crimes per 1,000 residents, placing the neighborhood in the top 20% for safety in New York City.
Things to do
Keeping your yard up ranks high on the to-do list in Canarsie. Shopping is a mix of brand name retailers and Caribbean-run small businesses along Rockaway Parkway, Flatlands Avenue and Remsen Avenue. Casual West Indian is most often the choice for dining out.
When it comes time to relax you can grab a fishing pole and drop a line off the Canarsie Pier. The recreation pier is maintained by federal dollars, part of the Jamaica Bay Unit of the Gateway National Recreation Area.
Canarsie Beach Park has a history that reaches back to the 1670s; today, history is made by tricksters on skateboards navigating a concrete skate plaza and a unique obstacle trail around the perimeter of the park. There are also baseball fields, soccer fields, basketball courts and that cricket field - the only one in New York City.