Brooklyn | March 2022

By Linecity, May 6, 2022

According to New York City records, the median price for an apartment in Brooklyn in the month of March was $749,500. The price represents an increase of 2.67% from last year’s median price of $730,000. The number of sales increased from 472 to 640 representing a year-over-year increase of 36%.

Linecity pulled the monthly sale numbers for March from city data sources on April 15th.  Due to the lag in city recording of closed sales data, these numbers may be incomplete and subject to change in future reports.

What exactly does $749,500 get you in Brooklyn? Let’s take a closer look.

Apartment 2-A at 160 Lincoln Place in Park Slope is a modestly sized two-bedroom prewar loaded with charm and sophisticated detailing.  Not much to do here but move in.

160 Lincoln Place is a four-story, twelve-unit co-op located just off Seventh Avenue.  Lincoln Place is a quaint tree-lined street lined with historic buildings with three and four-story brownstones. Grand Army Plaza, Prospect Park, Brooklyn Botanical Garden, and the Brooklyn Museum are all within easy walking distance.  

Apartment 2-A is a splendid home.  The flexible design offers two full bedrooms or a one-bedroom with a home office/den or formal dining room.  All of the rooms have windows.  The two street-facing rooms, the living room and the primary bedroom, have new nine-over-one double-hung windows.  Tall ceilings, extensive moldings, wall sconces and original parquet floors mesh to create a divine space.  French doors separate the living room from the primary bedroom. 

A good-sized foyer adds a layer of formality.  The kitchen and the living room both open up into the foyer.

The windowed kitchen has been elegantly remodeled.  The highlights include marble countertops, a subway-tiled backsplash, shaker-style cabinets and a suite of stainless steel appliances. A washer/dryer is tucked into the corner as well.  There are two means of egress, one off the foyer, a second off the primary bedroom.  

160 Lincoln Place is a self-managed co-op.   There are laundry facilities and a storage area located in the basement of the building. 

Apartment 2-A at 160 Lincoln Place was first introduced to the market in October 2021 and was under contract in late December.  The apartment sold at the asking price of $750,000.  The listing was represented by Charlie Pigott, Jackie Torren and Ashley Gold of Corcoran. Please visit Linecity for more details.