BROOKLYN | APRIL 2021
New York City records show the median price in the month of April for an apartment in Brooklyn was $753,003. This price represents a significant uptick in the median price, just over 10% from last year’s median price of $682,228. The volume of sales year-over-year jumped considerably from 269 to 488 an increase of 81%
So, what does $753,003 get you in the borough of Brooklyn? Today we’ll take a look at the two apartments that fall closest to the median price for April 2021.
Apartment 2 at 437 Putnam Avenue is a newly converted condominium located in a turn-of-the-century brownstone in Bedford Stuyvesant. This parlor floor residence combines ornate pre-war features with a modern renovation.
The two-bedroom, two bath floor-through totals 827 square feet and offers a split-bedroom layout with a kitchen that opens into the living room. Highlights of the home include a working fireplace with a richly detailed mantle, beautifully preserved window cornices, tall ceilings, exposed brick and a washer/dryer. The kitchen is equipped with stainless steel appliances and quartz countertops.
437 Putnam Avenue is a four-story townhome that was converted to residential use in 2019. The building contains four two-bedroom floor-through apartments.
Apartment 2 was represented by Noel Borbon of Triplemint. The property originally hit the market in September 2019 at $875,000 with another agency. The closed price of $752,500, about $910 per square foot, was 14% off the original ask. To view this apartment on Linecity, click here.
The second apartment, 6D at 7819 Bay Parkway, closed at $753,505, just above the median. This sponsor apartment measures 867 square feet and offers two bedrooms and two baths. The closed price represents a per square foot mark of $869. A deeded parking spot was included in the sale.
This newly constructed condominium building sits at the corner of 79th Street and Bay Parkway at the divide of two neighborhoods, Bensonhurst and Gravesend. Built in 2015, this mixed-use building rises seven floors and offers 17 residential units. The location is within short walking distance to the fabulous Seth Low Playground.
Unit 6-D is flush with light and enjoys never-ending views. A balcony offers a respite to enjoy some private time outdoors. Features of the residence include an open kitchen with stainless steel appliances, recessed lighting, raised paneled doors and a washer/dryer.
The apartment was represented by Michelle Zhang of RE/MAX Real Estate Group. To view this residence on Linecity, click here.