Brooklyn | May 2022
According to New York City records, the median price for an apartment in Brooklyn in the month of May was $799,000. The price represents an increase of 3% from last year’s median price of $775,000. The number of sales increased from 563 to 653 representing a year-over-year increase of 16%.
What exactly does $799,000 get you in Brooklyn? Let’s take a closer look.
Apartment 4 at 328 Clinton Avenue in Clinton Hill is a two-bedroom floor through residence in need of a complete renovation. But it’s got great bones and enough room for a child’s room and a private home office with a window.
328 Clinton Avenue is a classic pre-war brownstone on one of Brooklyn’s historic blocks. Clinton Avenue was home to some of Brooklyn’s finest homes and the city’s wealthiest individuals for much of the second half of the 19th century. While many of these single-family homes have given way to apartment buildings, this stretch of Clinton Avenue has retained much of its splendor and even some of its grand mansions.
Located between DeKalb Avenue and Lafayette Avenue, the property is within easy walking distance to multiple playgrounds and a bit of a longer stroll to Fort Green Park.
The allure of Apartment 4 at 328 Clinton Avenue is the beauty of this tree-lined block and the character of the building itself. As far as the apartment’s interior, the layout offers five rooms with an open kitchen. The ceilings are almost ten feet in height, and there are two decorative fireplace mantels and exposed brick. A renovation awaits.
328 Clinton Avenue is a five-story townhouse with five co-op residences. Laundry facilities and bike storage are available in the basement. Apartment 4 at 328 Clinton Avenue was first introduced to the market in May 2021 at $925,000. The apartment sold for $799,000 in May, about 14% off the original ask. The listing was represented by Paul Rosen and Eve Levine of Cocoran.
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