Why Live in Borough Park
Borough Park, often called "Boro Park," is a vibrant neighborhood in Brooklyn with a rich history and a predominantly Orthodox and Hasidic Jewish community. The area is known for its low crime risk, being safer than the national average, partly due to the community's own security services. Housing in Borough Park primarily consists of multifamily homes, low-rise apartments, and condos, with some single-family row houses featuring brick exteriors or aluminum siding. The spacious homes cater to large families, with condos starting at 1,600 square feet and multifamily duplexes offering five or more bedrooms. The neighborhood's commercial avenues are lined with stores catering to the community's needs, including haberdasheries, tailors, and kosher markets like Breadberry and Gourmet Glatt. Dining options include The Loft Steakhouse on 13th Avenue, known for its upscale kosher American cuisine. Residents often walk locally, while the D and N subway lines and multiple bus routes provide access to other parts of the city. Gravesend Park and several playgrounds offer recreational amenities. Educational options include private yeshivas and the highly rated public school P.S. 164. Borough Park is also recognized as the "baby boom capital" due to its high birth rate, reflecting its family-oriented atmosphere.
Home Trends in Borough Park, NY
On average, homes in Borough Park, Brooklyn sell after 35 days on the market compared to the national average of 52 days. The median sale price for homes in Borough Park, Brooklyn over the last 12 months is $570,000, down 9% from the median home sale price over the previous 12 months.
Median Sale Price
$570,000
Median Single Family Sale Price
$1,399,000
Median Townhouse Sale Price
$2,637,500
Median 2 Bedroom Sale Price
$600,000
Median 1 Bedroom Sale Price
$567,500
Average Price Per Sq Ft
$924
Number of Homes for Sale
31
Last 12 months Home Sales
51
Median List Price
$588,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-9%