Park Slope is one of New York City’s most desirable neighborhoods, and the real estate sales figures bear this out: From January to August 2023, 291 residential sales closed in this Brooklyn neighborhood. Just over half of those properties sold for $1 million-$3 million. Another 29% sold for less than $1 million, with the remainder selling for $3 million-$12 million.
At the same time, only 74 residential properties were for sale as of August 2023. Of those, 22% had an asking price of less than $1 million, and 28% were priced at $3 million-$8 million. The remaining 50% had an asking price of $1 million-$3 million.
For co-op units, the median asking price was $737,000. For condos, the median asking price was just shy of $2 million; for townhouses, $3.2 million.
Of the 133 residential units available for rent as of August 2023, just 2% were asking for less than $2,500 a month. One-fifth of the units charged monthly rent of $2,500-$3,500. A third rented for $3,500-$5,000 a month, and another third charged $5,000-$9,000 a month. Monthly rent for the remaining 11% of units was more than $9,000.
Interestingly, at $3,400, the median rent for studio apartments was only $100 less than that of one-bedroom units. At the other end of the marketplace, the median monthly rent for residences with four or more bedrooms, $13,000, was nearly four times that of studios. In between, the median monthly rent for two-bedroom apartments was $4,899 and for three-bedroom units was $6,997.
