Prospect Lefferts Gardens

The median sale price in Prospect Lefferts Gardens is $1.6M. Condos sit at a median of $839K and co-ops at $255K. 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 Prospect Lefferts Gardens is currently 9.4% below the 5-year high recorded in June 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Prospect Lefferts Gardens have a median of 53 days on market. That is 20 days slower than the same point a year ago. Roughly 24.1% of active listings have recorded a price cut, suggesting some negotiating room.

Prospect Lefferts Gardens is broadly balanced right now, with median days on market at 53 days and 24.1% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Prospect Lefferts Gardens offers both co-ops and condos. Condos are the higher-priced segment at a $839K median, with co-ops at $255K.

Roughly 11 homes change hands each month in Prospect Lefferts Gardens 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 Prospect Lefferts Gardens is $3,300/month. Rents are up 1.5% year over year.

Yes. The median asking rent in Prospect Lefferts Gardens is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.

Median asking rent in Prospect Lefferts Gardens has risen 37.6% 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 Prospect Lefferts Gardens, median sale prices range across Crown Heights at $1.5M, Flatbush at $872K, Prospect Park South at $850K, East Flatbush at $625K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Prospect Lefferts Gardens is served by the Bus service. The commute to Midtown Manhattan runs roughly 102 minutes from Nearest bus stop.

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 Prospect Lefferts Gardens, 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.