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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn · New York, NY
90 active listings · Median $1.6M
Calculating market narrative...
A condo-dominant submarket with moderate rent growth, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Downtown Brooklyn is $4,695/month, $138 below the 5-year high set in Feb 2026. Rents are up +2.1% year over year and +28.6% over the past 5 years. Median sale price is $1.65M, near a 5-year high. Sale listings are clearing 38 days slower than at this point last year.
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 Jun 2026.
Downtown Brooklyn features a mixture of historic brownstones and modern high-rise architecture. The area is built around major transit hubs, including LIRR access and multiple subway lines. Residents benefit from green space in Brooklyn Bridge Park and prominent local landmarks.
In my 25+ years selling real estate across New York City, I use this Downtown Brooklyn data in real negotiations, not just for a web page.
Stations: Court St (0.07 mi), Borough Hall (0.14 mi), Jay St-MetroTech (0.22 mi), Clark St (0.26 mi), High St (0.35 mi)
Midtown: 15 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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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 156 |
| Pending Sales | 44 |
| New This Week | 2 |
| New This Month | 20 |
| Avg DOM | 112 days |
| Price Cut Rate | 10.3% |
| Recent Sales | |
| Sold Last 30 Days | 14 |
| Sold Last 90 Days | 52 |
| Sale-to-List | 100.0% |
| Asking Prices | |
| Median Asking | $1,650,000 |
| Average Asking | $1,776,236 |
| Median $/SqFt | $1,619 |
| Median Condo | $2,200,000 |
| Median Co-op | $772,000 |
Based on active listings in Downtown Brooklyn
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 10 | $857,000 | $360K - $1.15M |
| 1 Bedroom | 34 | $922,500 | $399K - $1.59M |
| 2 Bedrooms | 27 | $1,975,000 | $825K - $3.20M |
| 3+ Bedrooms | 19 | $2,950,000 | $1.10M - $16.75M |
View active listings by size:
Properties in Downtown Brooklyn
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 is refreshed every 15 minutes per REBNY IDX requirements.
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 Downtown Brooklyn 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."
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StreetEasy ranks by search clicks. We rank by months of supply. The 10 NYC neighborhoods where inventory tightened most in 2025, plus 3 still accelerating.
Sale listings that came on the market in the last 7 days.
Homes in Downtown Brooklyn take a median 112 days to sell. Source: StreetEasy market data.
230 Jay Street #2E
Downtown Brooklyn
Among the lower-priced 1-bedroom co-ops currently listed in the neighborhood.
289 SCHERMERHORN Street #12B
Downtown Brooklyn
Priced in line with the neighborhood 3-bedroom condo median of $2,925,000.
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Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
The median sale price in Downtown Brooklyn is $1.6M. Condos sit at a median of $2.2M and co-ops at $772K. 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.
Yes. The median sale price in Downtown Brooklyn sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.
Sale listings in Downtown Brooklyn have a median of 112 days on market. That is 38 days slower than the same point a year ago. Roughly 10.3% of active listings have recorded a price cut, suggesting some negotiating room.
Downtown Brooklyn is broadly balanced right now, with median days on market at 112 days and 10.3% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Downtown Brooklyn offers both co-ops and condos. Condos are the higher-priced segment at a $2.2M median, with co-ops at $772K.
Roughly 20 homes change hands each month in Downtown Brooklyn 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 Downtown Brooklyn is $4,695/month. Live RLS listings show studios at $4,200, 1-bedrooms at $5,063, 2-bedrooms at $8,123 per month. Rents are up 2.1% year over year.
Median asking rent in Downtown Brooklyn is currently $138 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 Downtown Brooklyn has risen 28.6% 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 Downtown Brooklyn, median sale prices range across Boerum Hill at $2.0M, Cobble Hill at $1.7M, DUMBO at $1.7M, Brooklyn Heights at $985K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Downtown Brooklyn is served by the 2, 3, 4, 5, A, C, F, R trains. The commute to Midtown Manhattan runs roughly 15 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 Downtown Brooklyn, 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: milton@miltoncoste.com.
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Licensed Real Estate 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 Downtown Brooklyn, I will guide you every step of the way.
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