Brownstone Brooklyn MARKET REPORT
Brownstone Brooklyn Market Report 1Q25
Dear Reader,
Brooklyn’s residential market in Q1 2025 demonstrated growth across both the townhouse and condominium sectors, with increases in transaction volumes and pricing metrics. Townhouses experienced gains in gross transaction volume and average sales price on both a quarterly and annual basis. Similarly, the condominium market showed improvements in transaction pricing metrics compared to the previous quarter and year-overyear.
These results reflect Brooklyn’s continued appeal as a residential destination, with strong demand driving performance across property types. Below, we provide a concise breakdown of the townhouse and condominium markets for Q1 2025.
Townhouses
Over $500MM worth of 1- to 4-family townhouses traded hands in Q1 2025, compared to $433MM in Q4 2024, marking an increase of $67MM, or 15.63%. Year-over-year, gross transaction volume rose by 9.85%, up from $455MM in Q1 2024. The average sales price increased slightly to $2.75MM in Q1 2025, reflecting a 1.02% gain from Q4 2024 and an 11.06% increase compared to Q1 2024. The number of transactions climbed to 182, a 14.47% increase quarter-over-quarter but a slight decline of 1.09% year-over-year. A market-wide overview and notable transactions appear on page 12 of this report.
Condominiums
Approximately $558MM worth of condominiums were sold in Q1 2025, compared to $365MM in Q4 2024, representing a significant increase of $193MM, or 52.95%. Year-over-year, gross transaction volume rose by 24.46%, up from $448MM in Q1 2024. The average sales price grew to $1.78MM in Q1 2025, reflecting a quarterly increase of 5.06% and a year-over-year rise of 10.14%. The number of transactions surged to 313, up by 45.58% quarter-over-quarter and by 12.99% year-over-year. A detailed analysis and other notable condominium transactions appear on page 13 of this report.
Brooklyn’s residential market remains dynamic as we progress through 2025, with both townhouses and condominiums showing strong performance driven by sustained buyer interest and favorable market conditions.
If you have a question about this report or if you need help understanding the value of your specific real estate holding, please don’t hesitate to contact me directly. My insights and advice are always complimentary.
Best regards,
Donald P. Brennan, Jr.
License Partner | Real Estate Broker | Global Advisor
Engel & Völkers Brownstone Brooklyn
Engel & Völkers North Fork
Cell: 917-568-6525 | Email: donald.brennan@evrealestate.com
Engel & Völkers Brownstone Brooklyn
221A Court Street
Brooklyn, NY 11201
Office Phone: (718) 643-6312
Email: BrownstoneBrooklyn@EVRealEstate. com
Web: BrownstoneBrooklyn.evrealestate.com
Firm Instagram: @EVBrownstoneBrooklyn
Engel&Völkers North Fork
27980 Main Road, Route 25
Cutchogue, NY 11935
Office Phone: (631) 298-7953
Email: NorthFork@engelvoelkers.com
Web: NorthFork.EVRealEstate.com
Firm Instagram: @EVNorthFork
BROWNSTONE BROOKLYN
Townhouse Summary
The Brooklyn townhouse market saw 182 transactions closed during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $989 PSF and $2,774,741 gross.
1 to 4 Family Townhouses
$2.75MM AVERAGE PPSF THIS QUARTER $996
Condo Summary
The Brooklyn condo market saw 313 transactions closed during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,460 PSF and $1,712,316 gross.
Condominium Units
NUMBER OF SALES THIS QUARTER 182 AVERAGE SALES PRICE THIS QUARTER $1.78MM AVERAGE PPSF THIS QUARTER $1,459
NUMBER OF SALES THIS QUARTER 313
BROOKLYN HEIGHTS
Townhouse Summary
1 transaction closed in Brooklyn Heights during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,613 PSF and $6,655,125 gross.
1 to 4 Family Townhouses
$9.30MM AVERAGE PPSF THIS QUARTER $2,067
Condo Summary
17 transactions closed in Brooklyn Heights during the 1st quarter. The average sales price increased and average PPSF decreased. The four-quarter trailing average is $1,740 PSF and $2,889,957 gross.
Condominium Units
NUMBER OF SALES THIS QUARTER 1 AVERAGE SALES PRICE THIS QUARTER $2.94MM AVERAGE PPSF THIS QUARTER $1,744
NUMBER OF SALES THIS QUARTER 17
COBBLE HILL
Townhouse Summary
7 transactions closed in Cobble Hill during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,565 PSF and $5,085,719 gross.
1 to 4 Family Townhouses
Condo Summary
7 transactions closed in Cobble Hill during the 1st quarter. The average sales price increased and average PPSF decreased. The four-quarter trailing average is $1,489 PSF and $2,041,848 gross.
1.81% AVERAGE SALES PRICE THIS QUARTER $3.99MM AVERAGE SALES PRICE THIS QUARTER $4.95MM AVERAGE PPSF THIS QUARTER $1,704 NUMBER OF SALES THIS QUARTER 7 AVERAGE SALES PRICE THIS QUARTER $2.19MM
Condominium Units
CARROLL GARDENS
Townhouse Summary
13 transactions closed in Carroll Gardens during the 1st quarter. The average sales price decreased and average PPSF increased. The four-quarter trailing average is $1,264 PSF and $3,938,602 gross.
1 to 4 Family Townhouses
Condo Summary
5 transactions closed in Carroll Gardens during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,485 PSF and $1,888,238 gross.
Condominium Units
AVERAGE PPSF THIS QUARTER $1,624 AVERAGE PPSF THIS QUARTER $1,243 AVERAGE SALES PRICE THIS QUARTER $3.49MM AVERAGE PPSF THIS QUARTER $1,250
NUMBER OF SALES THIS QUARTER 13
AVERAGE SALES PRICE THIS QUARTER $1.58MM AVERAGE PPSF THIS QUARTER $1,459 NUMBER
COLUMBIA STREET WATERFRONT DISTRICT
Townhouse Summary
1 transactions closed in Columbia St Wd during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $984 PSF and $2,791,667 gross.
1 to 4 Family Townhouses
Condo Summary
3 transactions closed in Columbia St Wd during the 1st quarter. The average sales price increased and average PPSF decreased. The four-quarter trailing average is $1,210 PSF and $1,311,499 gross.
Condominium Units
AVERAGE PPSF THIS QUARTER $1,128 NUMBER OF SALES THIS QUARTER 1 AVERAGE SALES PRICE THIS QUARTER $1.33MM AVERAGE PPSF THIS QUARTER $1,167
NUMBER OF SALES THIS QUARTER 3
BOERUM HILL
Townhouse Summary
6 transactions closed in Boerum Hill during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,375 PSF and $4,156,759 gross.
1 to 4 Family Townhouses
$3.96MM AVERAGE PPSF THIS QUARTER $1,236
THIS
Condo Summary
6 transactions closed in Boerum Hill during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,425 PSF and $1,892,565 gross.
Condominium Units
NUMBER OF SALES THIS QUARTER 6 AVERAGE SALES PRICE THIS QUARTER $1.67MM AVERAGE PPSF THIS QUARTER $1,282
NUMBER OF SALES THIS QUARTER 6
GOWANUS
Townhouse Summary
5 transactions closed in Gowanus during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,177 PSF and $2,489,656 gross.
1 to 4 Family Townhouses
$1,071
Condo Summary
10 transactions closed in Gowanus during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,306 PSF and $1,438,853 gross.
Condominium Units
$1,324
NUMBER OF SALES THIS QUARTER 5 AVERAGE SALES PRICE THIS QUARTER $1.63MM AVERAGE PPSF
NUMBER OF SALES THIS QUARTER 10
FORT GREENE
Townhouse Summary
10 transactions closed in Fort Greene during the 1st quarter. The average sales price increased and average PPSF decreased. The four-quarter trailing average is $1,039 PSF and $3,128,451 gross.
1 to 4 Family Townhouses
Condo Summary
9 transactions closed in Fort Greene during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,107 PSF and $1,334,746 gross.
THIS QUARTER 10 AVERAGE SALES PRICE THIS QUARTER $1.46MM AVERAGE PPSF THIS QUARTER $1,147
Condominium Units
NUMBER OF SALES THIS QUARTER 9
CLINTON HILL
Townhouse Summary
10 transactions closed in Clinton Hill during the 1st quarter. The average sales price decreased and average PPSF increased. The four-quarter trailing average is $859 PSF and $2,505,431 gross.
1 to 4 Family Townhouses
Condo Summary
14 transactions closed in Clinton Hill during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,269 PSF and $1,248,494 gross.
Condominium Units
NUMBER OF SALES THIS QUARTER 14
PROSPECT HEIGHTS
Townhouse Summary
1 transactions closed in Prospect Heights during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,116 PSF and $3,131,948 gross.
1 to 4 Family Townhouses
AVERAGE PPSF THIS QUARTER $702
Condo Summary
15 transactions closed in Prospect Heights during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,405 PSF and $1,655,199 gross.
Condominium Units
NUMBER OF SALES THIS QUARTER 1 AVERAGE SALES PRICE THIS QUARTER $1.59MM AVERAGE PPSF THIS QUARTER $1,356
NUMBER OF SALES THIS QUARTER 15
PARK SLOPE
Townhouse Summary
27 transactions closed in Park Slope during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,233 PSF and $3,640,303 gross.
1 to 4 Family Townhouses
$1,228
Condo Summary
36 transactions closed in Park Slope during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,445 PSF and $1,874,661 gross.
Condominium Units
$1,484
NUMBER OF SALES THIS QUARTER 27 AVERAGE SALES PRICE THIS QUARTER $1.88MM
NUMBER OF SALES THIS QUARTER 36
BEDFORD-STUYVESANT ( West)
Townhouse Summary
29 transactions closed in Bedford Stuyvesant West during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $777 PSF and $2,099,723 gross.
1 to 4 Family Townhouses
Condo Summary
30 transactions closed in Bedford Stuyvesant West during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,040 PSF and $1,094,696 gross.
Condominium Units
BEDFORD-STUYVESANT (East)
Townhouse Summary
43 transactions closed in Bedford Stuyvesant East during the 1st quarter. The average sales price increased and average PPSF decreased. The four-quarter trailing average is $612 PSF and $1,594,137 gross.
1 to 4 Family Townhouses
Condo Summary
12 transactions closed in Bedford Stuyvesant East during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $918 PSF and $871,684 gross.
Condominium Units
DOWNTOWN BROOKLYN
Townhouse Summary
0 transactions closed in Downtown Brooklyn during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,198 PSF and $4,350,000 gross.
1 to 4 Family Townhouses
Condo Summary
32 transactions closed in Downtown Brooklyn during the 1st quarter. The average sales price decreased and average PPSF increased. The four-quarter trailing average is $1,556 PSF and $1,937,831 gross.
Condominium Units
Townhouse Summary
14 transactions closed in Greenpoint during the 1st quarter. The average sales price increased and average PPSF decreased. The four-quarter trailing average is $976 PSF and $2,284,003 gross.
1 to 4 Family Townhouses
Condo Summary
23 transactions closed in Greenpoint during the 1st quarter. The average sales price decreased and average PPSF decreased. The four-quarter trailing average is $1,599 PSF and $1,668,049 gross.
Condominium Units
NUMBER OF SALES THIS QUARTER 14 AVERAGE SALES PRICE THIS QUARTER $1.48MM AVERAGE PPSF THIS QUARTER $1,481
NUMBER OF SALES THIS QUARTER 23
WILLIAMSBURG
Townhouse Summary
15 transactions closed in Williamsburg during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,090 PSF and $2,413,223 gross.
1 to 4 Family Townhouses
AVERAGE
Condo Summary
75 transactions closed in Williamsburg during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,545 PSF and $1,654,820 gross.
Condominium Units
THIS QUARTER $1,266 NUMBER OF SALES THIS QUARTER 15 AVERAGE SALES PRICE THIS QUARTER $1.91MM AVERAGE PPSF THIS QUARTER $1,607
NUMBER OF SALES THIS QUARTER 75
DUMBO
Condo Summary
19 transactions closed in Dumbo during the 1st quarter. The average sales price increased and average PPSF increased. The four-quarter trailing average is $1,624 PSF and $2,189,933 gross.
Condominium Units
$2.90MM
AVERAGE SALES PRICE THIS QUARTER
AVERAGE PPSF THIS QUARTER $1,815
Would You Like To Know What Your Property Is Worth?
NUMBER OF SALES THIS QUARTER 19
Engel & Völkers Brownstone Brooklyn agents are your local experts—attuned to the fluctuating Brooklyn and Manhattan real estate markets. Let us provide you with a comprehensive and up-to-date complimentary valuation of your property, or a property that you are interested in acquiring. Simply call or email Donald using the contact information noted below.
From representing residential buyers and sellers in re-sales and new development (townhouses, condos and co-ops), to landlords and renters of multi-family properties, Engel & Völkers Brownstone Brooklyn is a respected and trusted advisor. Advocacy is central to everything we do. No matter what your goals are, our team has decades of experience to help you reach them.
Donald P. Brennan, Jr.
License Partner | Real Estate Broker
Engel & Völkers Brownstone Brooklyn
Brennan Realty Services, LLC
221A Court Street
Brooklyn, NY 11201
Email: donald.brennan@evrealestate.com
Cell: (917) 568-6525
Web: brownstonebrooklyn.evrealestate.com
Engel&Völkers Brownstone Brooklyn
Office Phone: (718) 643 6312
Email: BrownstoneBrooklyn@EVRealEstate.com
Web: BrownstoneBrooklyn.EVRealEstate.com
Engel&Völkers
Office Phone: (631) 298-7953
Email: NorthFork@engelvoelkers.com
Web: NorthFork.EVRealEstate.com
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