Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
Brooklyn Median Sale Price
As of Quarter 1, the median home sale price in Gravesend was $631K, up 61% year-over-year. A total of 54 properties traded, representing a 31% year-over-year increase. The median price per square foot in Quarter 1 was $634, a 4% YoY change. The median home sale price in Brooklyn was $802K.
Gravesend Neighborhood Map
Known for large homes, elaborate hedges, and big porches, Gravesend is a neighborhood with tree-lined streets and plenty of benches. Savvy home buyers will also find plenty of single and multi-family homes, seven-story co-ops, and condo buildings. This neighborhood is also known for its historic Old Gravesend Cemetery, which was built in the 1600s.
Top most expensive neighborhoods in Brooklyn
Gravesend median price compared with other neighborhoods in Brooklyn
Property values in Gravesend are lower compared to the borough of Gravesend overall.
Gravesend median price compared with all the neighborhoods in Brooklyn
|Neighborhood||Borough||Median Sale Price|
|Columbia Street Waterfront District||Brooklyn||$1,247,500|
|Prospect - Lefferts Gardens||Brooklyn||$834,981|
|Prospect Park South||Brooklyn||$725,000|
|Old Mill Basin||Brooklyn||$613,750|
|East New York||Brooklyn||$527,500|
Residential Properties Sold in Gravesend
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in Gravesend in Quarter 1 was relatively flat year-over-year at $952K. However, median condo prices in Gravesend trended up 19% year-over-year to $594K. Median coop sale price in Gravesend were $332K, a change of 9% year-over-year.
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Gravesend Neighborhood Guide
Located in southcentral Brooklyn, Gravesend has a population of around 30,000 people and is notable for being one of the only towns in New York City that was originally founded by a woman. With enormous lots for single family homes, impressive transportation considering how far it is from Manhattan, and streets lined with hundred-year-old trees, this is a tranquil, quiet community where it's common to see residents taking evening strolls.
Architecture and landmarks
To the north, you can find the Old Gravesend Cemetery, which was originally founded in the 1600s and is today a historical landmark.
Considering how far Gravesend is from Manhattan, it has great public transportation. The F train, which is elevated in this part of Brooklyn, crosses McDonald Avenue, the N and D trains, which run express through much of Brooklyn, can be picked up in Gravesend. That said, it does take at least an hour to get to Midtown via subway. Those who drive can easily pick up the Belt Parkway, which runs right along the neighborhood to the south.
Gravesend has five public elementary schools, including PS 95 on Van Sicklen Street, three middle schools, including IS 303, which routinely receives A's on score cards, and John Dewey High School, which typically receives B grades. There are also a number of religious schools in the neighborhood, including Our Lady of Grace School and the Magen David Yeshivah.
There is a hospital located on the edge of Gravesend and Brighton Beach: NYC Health + Hospitals Coney Island. New York Community Hospital in Midwood and Mount Sinai in Marine Park are also nearby. Residents have plenty of private practices to choose from, as well as a number of alternative medical practices in the neighborhood.
There are three precincts of the New York City Police Department that oversee Gravesend: The 60th Precinct (with an average of 9.73 crimes per 1,000 residents), the 61st Precinct (with an average of 8.07 crimes per 1,000 residents), and the 62nd Precinct (with an average of 10.32 crimes per 1,000 residents). All three are among the safer precincts in New York City.
Things to do
Coney Island is just a short bus or train ride away from Gravesend, and its shops, games, rides, and food are popular among residents of this neighborhood. Along Avenue U, residents can shop at specialty Italian stores like Bari Pork Store, with their huge array of sausages, or Joe's of Avenue U, which has a wealth of Sicilian foods.
Some of the most popular restaurants in Gravesend include L & B Spumoni Gardens, known for their affordable pizza by the slice; Nargis Cafe, for Middle Eastern and Russian food; Istanblue Kings Restaurant for Turkish Food; Pio Pio 9 for Peruvian food; and Village Cafe for those looking for a more traditionally American dining experience. Those who want a few after-dinner libations are likely to head out to the Homestretch Pub for a relaxed, laid-back atmosphere, Living Room Restaurant & Lounge for booze and hookah smoking, or the Blue Velvet Lounge for a more upscale experience.
There are a number of parks within Gravesend, including McDonald Park, which has three tennis courts, and other small parks that feature unique recreation like paved baseball diamonds and handball courts.