East New York Real Estate Market Trends

Market Overview for Quarter 2, 2021


Median Sale Price

-

-% YoY


Median Price/Sqft

-

-% YoY


No. of Transactions

2

-33% YoY

Brooklyn Median Sale Price

$835K

19% YoY

What is the median sale price and median price per sq ft in East New York?

With only 2 residential transactions in Quarter 2, calculating metrics wouldn't indicate accurate statistics in East New York.

East New York Neighborhood Map

East New York Median Sale Price

View: GraphTable

Median Sale Price Per Square Feet

View: Graph Table

Real Estate Transactions in East New York

View: Graph Table

Top most expensive neighborhoods in Brooklyn

East New York median price compared with other neighborhoods in Brooklyn

Property values in East New York are lower compared to the borough of East New York overall.




East New York median price compared with all the neighborhoods in Brooklyn

Neighborhood Borough Median Sale Price
Vinegar Hill Brooklyn $1,675,000
Prospect - Lefferts Gardens Brooklyn $1,549,995
DUMBO Brooklyn $1,491,250
Manhattan Beach Brooklyn $1,400,000
Cobble Hill Brooklyn $1,385,000
Greenpoint Brooklyn $1,315,000
Carroll Gardens Brooklyn $1,219,000
Park Slope Brooklyn $1,185,000
Red Hook Brooklyn $1,117,709
Columbia Street Waterfront District Brooklyn $1,100,000
Brooklyn Heights Brooklyn $1,100,000
Prospect Heights Brooklyn $1,085,000
Williamsburg Brooklyn $1,075,000
Boerum Hill Brooklyn $1,050,000
Mill Basin Brooklyn $999,000
Gowanus Brooklyn $987,500
Fort Greene Brooklyn $960,000
Bedford-Stuyvesant Brooklyn $931,698
Greenwood Heights Brooklyn $920,000
Dyker Heights Brooklyn $905,000
Downtown Brooklyn Brooklyn $885,000
Borough Park Brooklyn $875,000
Madison Brooklyn $830,000
Windsor Terrace Brooklyn $825,000
Ditmas Park Brooklyn $813,000
Crown Heights Brooklyn $805,500
Sea Gate Brooklyn $755,000
Bushwick Brooklyn $739,000
Wingate Brooklyn $730,000
Clinton Hill Brooklyn $723,500
Marine Park Brooklyn $719,000
Georgetown Brooklyn $710,000
Bensonhurst Brooklyn $700,000
Bergen Beach Brooklyn $662,500
Flatbush Brooklyn $662,500
Gravesend Brooklyn $620,000
East Flatbush Brooklyn $605,000
Prospect Park South Brooklyn $599,000
Sunset Park Brooklyn $595,000
Flatlands Brooklyn $570,000
Midwood Brooklyn $565,119
Canarsie Brooklyn $553,175
Brownsville Brooklyn $550,000
Old Mill Basin Brooklyn $545,900
Kensington Brooklyn $540,000
Gerritsen Beach Brooklyn $490,000
Bay Ridge Brooklyn $480,000
East New York Brooklyn $470,000
Brighton Beach Brooklyn $452,250
Bath Beach Brooklyn $445,000
Ocean Hill Brooklyn $414,200
Coney Island Brooklyn $372,500
Sheepshead Bay Brooklyn $342,472
Homecrest Brooklyn $325,000

Residential Properties Sold in East New York

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $457K 8% $406 0% 2
Coops - - - - 0
Houses $547K 0% $333 -18% 33

The median house sale price in East New York in Quarter 2 was relatively flat year-over-year at $547K. However, median condo prices in East New York trended up 8% year-over-year to $457K. There was no statistically significant data for median coop price activity for the period of Quarter 2 in East New York.

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East New York Neighborhood Guide

East New York, a primarily residential neighborhood, has a population of just over 91,000 and rising. Located in the eastern part of Brooklyn, it's surrounded by Cypress Hills Cemetery, Jamaica Bay, Queens, and the railway tracks of the Bay Ridge Branch. Made up of mostly apartments and single-family buildings, it's a unique neighborhood that many say is one of the few in Brooklyn that's maintained its classic New York City vibe. Considered by some to be the next up and coming neighborhood, development is happening everywhere in this district.

Architecture and landmarks

You can find a little of everything in East New York including apartments built above corner bodegas, apartments in converted Victorian homes, three-story apartment buildings, and semi-detached homes. In recent years, a fair number of condos and coops have been built on this patch of land that covers just one square mile. There are a few historic spots within East New York, including the East Brooklyn Industrial Park, a 44-block park that was created back in the `80s, as well as East New York Farms, founded in '98, where various community organizations grow plants for food and to beautify the neighborhood. In 2013, the African Burial Ground Square was dubbed a national historic spot.

Transport

The excellent transportation is one of the selling points of East New York. There's a station on the Long Island Rail Road Atlantic Branch, and the 2, 3, 4, and 5 trains stop at several spots in the neighborhood, as does the L train. Other subway lines in the neighborhood include the A, C, J, and Z lines. Add to that the dozen or so local and express buses, and it's easy to see just how many options there really are.

Schools

East New York is overseen by the New York City Department of Education and has higher than average dropout rates compared to other areas of the city. Several high schools have been shut down in recent years, with new schools being organized to better meet the needs of students.

Health

New York Community Hospital is located on Kings Highway in Midwood and Mount Sinai Brooklyn, in nearby Marine Park, is also a short distance away. Residents can pick from their choice of a wide range of private practices and alternative medical professionals in this neighborhood.

Safety

The East New York neighborhood is patrolled by the 75th Precinct of the New York Police Department. It has an average yearly crime rate of 19.34 crimes per 1,000 residents. Compared to other neighborhoods in Brooklyn, this crime rate is higher than most, but it's still lower than most neighborhoods in Manhattan and the Bronx.

Things to do

Today's East New York is made up of classic spots that locals have long loved, like Grant Caffe near the Liberty Avenue A train stop, Tavares Restaurant, Carro Cafe, and the Lindenwood Diner, with its mix of Latin and Caribbean foods. City Line Pizza and Pasta is another popular spot, and locals get their Nigerian food cravings quenched by visiting Festac Grill & Lounge.

Gateway Center, a small mall with big name stores, can be found on Gateway Drive, and is home to a JC Penney, Rack, Home Depot, TJ Maxx, Bed Bath & Beyond, and chain restaurants like Outback Steakhouse, Applebee's and Smashburger. Other shopping opportunities can be found at City Line retail district, where there's a stretch of clothing and shoe shops, or at Aquaduck Flea Market, where vendors sell vintage goods and tasty foods on Tuesdays, Fridays, Saturdays, and Sundays. ARTs East New York is a unique venue where artists and vendors can create and then show their work.

There are a number of parks and playgrounds in East New York, including Linden Park with basketball courts, soccer fields, a running track, and tennis courts, as well as Breukelen Ballfields Park with its five baseball diamonds, dog runs, and handball playgrounds. There are also three branches of the Brooklyn Public Library in East New York.