$1,284,295Average Value$1,497Average Price per Sq Ft87Homes For Sale
The evolution of Downtown Brooklyn into a lively residential hub
Situated right across the East River from Manhattan, Downtown Brooklyn is known for urban convenience. In recent years, new developments have brought upscale residential towers, retail and entertainment to this business district. The neighborhood is popular with young professionals and convenient for students who attend nearby universities. This urban core community is very pedestrian- and bike-friendly and has excellent access to public transit.
Downtown Brooklyn's skyline has been redefined by the impressive Brooklyn Tower.
Downtown Brooklyn has a number of high-end dining options.
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Daily life in Downtown Brooklyn
“Downtown Brooklyn is a central hub with access to the city, an easy commute and an ease of lifestyle. Everything is at your fingertips,” says Michael Bethoney, a broker with Nest Seekers International, who specializes in new luxury developments across New York City. “The megatowers and full-service projects bring a level of service that you often can’t find with other neighborhoods, though that’s starting to change. The height of the buildings [can reach] 60, 70, 80-story towers. On a high floor above Brooklyn, you can see all of Manhattan.” Downtown Brooklyn is less than 2 miles from Manhattan, making it one of the closest Brooklyn neighborhoods to the city. “People want to be there because of proximity to the city,” says Carolyn Cedar, a Brooklyn broker at Compass with two decades of real estate experience. “All the big amenities are there. There are larger retail opportunities. There are so many ways it’s a destination neighborhood.”
Brooklyn Tower soars above Downtown Brooklyn, a testament to modern architecture.
Sleek, high-rise condos
Condominiums in gleaming high-rises, including Brooklyn’s first supertall measuring over 1,000 feet, offer luxurious interiors, extensive indoor and outdoor amenities and stunning views of Manhattan and New York Harbor. Many of these residences are condos that were built in the 21st century. Condos range in price from the lower $600,000s to about $3.8 million, depending on factors like size and views. Studios and one-bedrooms can reach up to $1.7 million and have monthly fees that can exceed $1,100. Two- and three-bedrooms start at the mid-$900,000s and can reach $3.8 million; monthly fees can exceed $1,500. Overall, Downtown Brooklyn consistently has high housing costs when compared to the rest of the New York metro area.
Co-ops also offer luxury amenities
Co-ops offer more affordability, and like high-rise condos, they have private amenities. For example, co-ops in the Brooklyn Point building have access to an infinity pool, cycling studio, squash court and infrared sauna. Co-ops range widely in price, depending on factors like age and size. In co-op buildings dating back to the 1950s-1960s:
One-bedrooms fall between the mid-$300,000s and the lower $600,000s.
Two-bedrooms fall between the mid-$700,000s and the upper $900,000s.
Monthly fees can reach about $1,840.
In co-op buildings constructed around 2019 and after:
One-bedrooms range from about $1.2 million to $1.6 million.
Two-bedrooms range from about $1.8 million to $2.6 million.
Monthly fees can reach about $1,690.
However, over 80% of Downtown Brooklyn residents rent, and housing in the neighborhood is mostly in the form of apartment buildings.
One of the borough’s best neighborhoods for public transit
Virtually every subway line passes through Downtown Brooklyn, making transit to other parts of the city quick and convenient. Commuters can get to Lower Manhattan in less than 10 minutes via subway. Downtown has nine subway stations and is one block away from the Atlantic Avenue Barclays Center train station, where the Long Island Rail Road passes through. “It’s the largest transit hub anywhere in the borough,” Bethoney says. “It’s one of those unicorn neighborhoods because of the subway transit.” For those traveling by car, entrances to the Brooklyn and Manhattan Bridges and the Brooklyn Queens Expressway are in Downtown Brooklyn. Bike lanes, sidewalks and bus routes make it easy to get around as well.
A picturesque stroll on Downtown Brooklyn's Brooklyn Bridge Promenade gives way to skyline views.
Borough Hall Station is the central transit hub of Downtown Brooklyn.
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Vibrant attractions within walking distance
Downtown Brooklyn offers a little bit of everything, from walks in the park to shopping sprees at Macy’s. Downtown is home to Long Island University Brooklyn and borders the Brooklyn Academy of Music, so the community buzzes with a youthful, creative energy. Locals can head to Junior’s Restaurant & Bakery, famous for its New York cheesecake, or meet up at Dekalb Market Hall, a foodie’s paradise with 40 food vendors under one roof. However, properties are mostly a mix of apartments and offices, so the neighborhood does quiet down a bit after the office workers have left in the evenings. But there is more nightlife to explore immediately north of the neighborhood in DUMBO. Plus, nearby Barclays Center hosts the Brooklyn Nets basketball team and concerts featuring the big names in entertainment, so there’s always something to do within walking distance.
Experience the iconic flavors of Junior's, a Downtown Brooklyn institution.
Foodies flock to Dekalb Market in Downtown Brooklyn.
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Locals enjoy sunny skies and a beautiful city view.
Downtown Brooklyn’s ongoing development
“The energy is tangible, the vibrancy is real, it’s exploding upwards every single year with more mega-projects and towers coming,” Bethoney says, highlighting Fulton Street and the Flatbush corridor as two areas with lots of development. “[Downtown is] truly a flag that’s planted for Brooklyn writ large. Twenty years ago, you never would have been able to imagine the skyline with 50 to 60-plus-story buildings and the first supertall. It’s an engine that keeps going with still so much room to grow. Downtown is a tidal wave.”
GreatSchools:
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Downtown Brooklyn is an up and coming neighborhood in the city. A lot of growth is changing the feel of the neighborhood but mostly in positive ways. Crime is down, businesses are moving in, and this mini-Manhattan is starting to make its mark.
3.0Niche User
3/18/2016Niche Review
The area is full of restaurants and retail stores. However, I can't say that it is the safest neighbourhood around... It's not safe to walk by yourself at night.
3.0Current Resident
2/27/2017Niche Review
THE view from the Brooklyn Heights Promenade, a five-block walkway that has overlooked New York Harbor from its perch at neighborhood's edge since 1950, is almost the same as it was 60 years ago. The Lower Manhattan skyline rises up, seeming close enough to touch, against a backdrop of cloudsYou come across the Brooklyn Bridge and suddenly to your right there's this green lawn," said Lisa Detwiler, a senior associate at the Corcoran Group and a longtime resident. "For all of us who live in Brooklyn Heights, it's really exciting because we've all been hearing about it for the last 10 years." Before moving to a prewar co-op building at the corner of Hicks and Montague Streets in August, Ian Primrose and his partner, David Ly, lived on Bleecker Street in Greenwich Village, where brunch options were close but sleep could be difficult. "
4.0Current Resident
10/24/2017Niche Review
everything is accessible and available to residents. schools, parks, bodegas, restaurants, malls, public transit (lirr, subway, buses), lots of green, family orientated.
Are you familiar with the Downtown Brooklyn neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Brooklyn
US
Homicide
9
4
Sexual Assault
8
4
Assault with Weapon
7
4
Robbery
5
4
Burglary
7
4
Motor Vehicle Theft
6
4
Larceny
4
4
Crime Score
4
4
Source: WhatIsMyCrimeRisk.com
Downtown Brooklyn Demographics and Home Trends
On average, homes in Downtown Brooklyn, Brooklyn sell after 103 days on the market compared to the national average of 53 days. The median sale price for homes in Downtown Brooklyn, Brooklyn over the last 12 months is $1,225,000, down 12% from the median home sale price over the previous 12 months.
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Brooklyn Tower Sales OfficeCorcoran Sunshine Marketing Group
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
