According to New York City Records, the median price for an apartment in Brooklyn in the month of December was $775,000. The price represents a slight 2% increase from last year’s median price of $760,000. The number of sales decreased from 665 to 575, representing a 13.5% drop.
What exactly does $775,000 get you in Brooklyn? Let’s have a look.
Apartment 2 at 257 Throop Avenue is a split two bedroom floor-through unit in a four-story townhouse in Bedford Stuyvesant. The pre-war property is located between Vernon Avenue and Willoughby Avenue, the same block that plays host to two small green spaces: Vernon and Throop Community Garden and Tranquility Farm.
The handsome townhouse was built in 1931 and converted to condominium residences in 2020. There are four full-floor apartments.
This freshly renovated sponsor unit is located on the parlor floor and totals 842 square feet. The home features high ceilings, wide oak plank floors and original window casings, shutters and stained glass windows.
The open kitchen offers an eat-in peninsula, marble countertops and backsplash and a suite of stainless steel appliances.
Split bedrooms, front and back, offer privacy. The street-facing primary bedroom features a floor-to-ceiling bay window, original to the townhouse. There is a walk-in-closet as well as an en suite bath. A stacked washer/dryer is located just outside this bedroom.
Off the back of the apartment is a large unfinished roof terrace. Apartment 2 at 257 Throop Avenue was introduced to the market in August 2020 for $850,000. The closed price represents an 8.8% drop from the original ask. Apartment 3, a two-bedroom full-floor unit is now available for $735,000.