Residential real estate in the adjacent Brooklyn neighborhoods of Boerum Hill, Carroll Gardens, and Cobble Hill ranges from sparkling new apartments to historic houses. This is reflected in the diversity of prices for the 191 properties that were sold in the area during the first half of 2023. The majority—57%—sold for $1 million-$3 million. But another 19% cost less than $1 million, while 25% sold for more than $3 million.
The asking prices for the 80 residential listings on the market as of mid-July were equally diverse. Half were priced at $1 million-$3 million, and another third at $3 million-$8 million. On the lower end, 11% were on the market for less than $1 million; on the higher end, 6% were priced at more than $8 million.
For co-op units, the median asking price was $775,000. The median asking price for condos was $2.2 million; for townhouses, $5.25 million.
As for the 81 rental units available as of mid-July, one-quarter were asking for more than $9,000 a month, the same percentage as were available for $3,500-$5,000 a month. Thirty-eight percent were priced in between, renting for $5,000-$9,000 a month. The remaining 12% of units rented for less than $3,500 a month.
Median rental prices by property size spanned a broad gamut, from $2,850 for studio apartments to $15,750 for units with four or more bedrooms. The median asking rent for one-bedroom units was $3,700; for two-bedroom properties, $5,890; and for three-bedroom units, $8,500.
