Brooklyn Heights Real Estate Is En Fuego Says New Report released a report this week focused on the skyrocketing Brooklyn real estate market. Brooklyn Heights is one of the hottest neighborhoods in the borough. But we knew that already, eh?

Let’s throw a number at you — in 2003 the average co-op price here was $272K. Last year it was $625k.

Here’s a pretty chart from the report: – click on photo for larger version

AMNY: Focusing on eight hot neighborhoods — including Williamsburg, Park Slope, Brooklyn Heights, Bedford Stuyvesant and DUMBO — the group outlined in a new report the stunning rise both in prices and the number of condos, co-ops and town houses sold between 2003 to 2013.

The number of Williamsburg co-op and condo sales jumped from 21 in 2003 to 500 in 2013, while the average sales price soared from $331,000 to $825,000, an increase of more than 150%. Park Slope’s sales of co-ops and condos went from 130 in 2003 to 510 last year, with the average sales price growing by almost $400,000. In Brooklyn Heights, meanwhile, the average condo price went up 126%. In 2003, only 12 condos were sold in Bed-Stuy; last year, there were 132. – Brooklyn Ten Year Sales Study

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  • Cranberry Beret

    Can you trust a report that thinks Dumbo is centered on Cranberry/Willow, Brooklyn Heights is down by Kane Street and Cobble Hill is off somewhere by Van Brunt? (see the map on the cover of their document)

    (UPDATE: someone in their office must have noticed this too, because the copy on their site (but not the one above) is corrected)


    A real estate company’s study shows that real estate prices are at an all time high.

  • deancollins

    People really don’t understand statistics……yes the average may have gone up but that’s because a higher percentage are higher end development homes…..its not like the apartment sold for $272k 2 years ago is now worth $625k…..