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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
13 active listings · Median $1.0M
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A primarily condo submarket with strong rent growth, rising sale prices, and sale listings clearing quickly.
Median asking rent in Gowanus is $4,850/month, $296 below the 5-year high set in Feb 2026. Rents are up +7.8% year over year and +79.6% over the past 5 years. Median sale price stands at $1.04M, 22.6% below the 5-year high recorded in Jul 2020.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
Gowanus features a striking mix of 19th-century brick warehouses, Greek Revival rowhouses, and new glass-and-steel condominiums rising along the canal waterfront. The F, G, R, D, and N/W trains are accessible at nearby Smith-Ninth Streets and Fourth Avenue-Ninth Street stations, with Atlantic Termin...
Stations: Bus service available
Midtown: 38 min (2 express from Borough Hall)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Gowanus
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Properties in Gowanus
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Brooklyn
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Gowanus buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
The median sale price in Gowanus is $1.0M. Condo sales make up the bulk of activity, with a median of $775K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Gowanus is currently 22.6% below the 5-year high recorded in July 2020. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Gowanus have a median of 43 days on market. Roughly 15.8% of active listings have recorded a price cut, suggesting some negotiating room.
Gowanus is broadly balanced right now, with median days on market at 43 days and 15.8% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Gowanus is primarily a condo market, with the median sale price at $775K. Co-op inventory is limited.
Roughly 1 homes change hands each month in Gowanus across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Gowanus is $4,850/month. Live RLS listings show studios at $3,400, 1-bedrooms at $4,233, 2-bedrooms at $7,000 per month. Rents are up 7.8% year over year.
Median asking rent in Gowanus is currently $296 below the 5-year high set in February 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Gowanus has risen 79.6% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Gowanus, median sale prices range across Carroll Gardens at $2.8M, Cobble Hill at $2.3M, Park Slope at $1.5M, Boerum Hill at $1.4M. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Gowanus is served by the Bus service. The commute to Midtown Manhattan runs roughly 38 minutes from Borough Hall.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Gowanus, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: mcoste@kwnyc.com.
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Gowanus, I will guide you every step of the way.
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