Market Overview for Quarter 4, 2020
Median Sale Price
No. of Transactions
Brooklyn Median Sale Price
The median home sale price in Gowanus as of Quarter 4 was $751K, down 30% year-over-year. A total of 18 assets were sold, representing a 63% growth compared to Quarter 4 last year. The median price per square foot was $1,069, a -2% YoY change. In Quarter 4, the median home sale price in Brooklyn was $775K.
Gowanus Neighborhood Map
Gowanus has a hip, industrial feel. Popular with artists, music venues, and photographers due to its central location and easy public transportation to Manhattan, it's easy to see why it attracts buyers. Homes here include frame houses and brick townhouses. Important attractions include the Carroll Street Bridge and the site of the Gowanus Memorial Artyard.
Top most expensive neighborhoods in Brooklyn
Gowanus median price compared with other neighborhoods in Brooklyn
Property values in Gowanus are lower compared to the borough of Gowanus overall.
Gowanus median price compared with all the neighborhoods in Brooklyn
|Neighborhood||Borough||Median Sale Price|
|Columbia Street Waterfront District||Brooklyn||$1,225,000|
|Prospect Park South||Brooklyn||$695,000|
|Prospect - Lefferts Gardens||Brooklyn||$677,750|
|Old Mill Basin||Brooklyn||$600,000|
|East New York||Brooklyn||$537,500|
Residential Properties Sold in Gowanus
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in Gowanus in Quarter 4 was $1.5M, down 22% year-over-year. Condo prices in Gowanus trended similarly, with the median condo price down 30% year-over-year to $751K. Median coop sale price in Gowanus were $455K, a change of -% year-over-year.
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Gowanus Neighborhood Guide
Gowanus was once an industrial mainstay but today is a neighborhood in the midst of a revitalization. With trendy art spots and popular music venues on the same roads as dingy canals and industrial warehouses, it's truly a mix of family-friendly homes, new construction, and a view into the past of New York City's industrial roots. With passable public transportation and the ease of parking, it's a popular spot for commuters to call home and its emerging restaurant scene is turning it into a hit with the foodies too.
Architecture and landmarks
Much of Gowanus is zoned for manufacturing, and residential developers have only recently begun to develop the area in earnest. As a result, many of the housing options include converted warehouses, converted industrial buildings, and new condos. There are at least eight community groups that exist solely for the planning of the revitalization of this neighborhood, including the Gowanus Alliance, Bridging Gowanus, Friends and Residents of Greater Gowanus, and the Gowanus Ecology Initiative. The Gowanus Memorial Artyard is no longer fully functional but its remains can still be seen in a 19th century munitions factory.
The BMT Fourth Avenue Line stop serves the D, N, and R subway lines, while the IND Culver Line stop serves the F and G trains. There are also bike routes that cross the canals at several intersections, and the Gowanus Expressway is elevated and runs through the neighborhood with a canal crossing at Hamilton Avenue. The Carroll Street Bridge is also in Gowanus and is one of only four retractable bridges that still operate in the United States.
There are five primary and secondary schools in Gowanus. PS 32 Samuel Mills Sprole has an enrollment of 425 and is one of the highest rated options in the area, though Hellenic Classical Charter School in nearby Greenwood is rated slightly better. The co-ed Al-Madinah Private School serves pre-kindergarten through 12th grade and also receives good ratings.
The closest hospital is New York Methodist Hospital, located in neighboring Park Slope. Brooklyn Hospital Center is another highly-rated option and is located in Fort Greene. There are a few private practices within Gowanus but most residents travel to other neighborhoods for their medical needs.
The 78th Precinct of the New York Police Department overseas Gowanus, which is one of the safer neighborhoods in the city. With 13.91 crimes per 1,000 people in 2016, it has a relatively low crime rate, though residents do point out that it can be rather desolate at night.
Things to do
In line with its up and coming vibe, there are many things to do in Gowanus. Canal Bar is a popular dive bar with free popcorn and affordable prices. Littleneck is a restaurant best known for its littleneck clams, and The Pines offers unique ingredients like boar belly and sunchokes. Two Toms is a 60-year-old Italian restaurant that still feels like the private club it once was, though Bar Tano is the top choice for those searching for a more casual Italian eatery. There are many BBQ spots battling it out for top billing, but Dinosaur Bar-B-Que and Fletcher's have both been long-time favorites.
There is a fair variety of shops here too, including Cut Brooklyn, where you can find locally made kitchen cutlery, Gowanus Furniture, ADVERTS Vintage and Robot Foundry, which makes robots out of old computer parts. Artists and lovers of the arts will feel right at home with art spaces, studios, and lofts. Don't miss the Open Studios tours, which only happen in the fall but take participants through a number of art spaces in the neighborhood.
One of the only shuffleboard courts in the city is located in Gowanus. There are also numerous green spaces with several large parks currently being planned.