CROWN HEIGHTS — New construction condominiums in the neighborhood made up a fifth of all new property sales in Brooklyn during the third quarter of this year, pushed by a slew of sales at one Bergen Street complex in particular, a recent market report found.
Twenty-seven of the 134 new construction condos tracked in the third quarter by the MNS Real Estate report — which compiles data on rentals and sales in most central and northern Brooklyn neighborhoods — were located in Crown Heights.
Of those 27 condos, 22 of the units sold were located at The Bergen House, a new luxury development at 954 Bergen St. between Franklin and Bedford avenues, the report found.
Both the median sales price and volume of new construction condominium sales in the borough are up by double and triple digits, respectively, MNS found.
The median sales price in Brooklyn in the third quarter was $955,358, up 18 percent since the same time last year. In the second quarter of this year, MNS recorded $63.6 million of sales; in the third quarter, that number climbed to $150.3 million in sales, a more than 136 percent jump.
Crown Heights’ median sale price for new construction condos this quarter was $529,490; the highest median price among the report’s neighborhoods came from Downtown Brooklyn, where the median new condo cost $1.49 million.
The MNS report included only “new development condominium buildings,” not cooperatives, the company said, and surveyed 18 Brooklyn neighborhoods from Greenpoint to Park Slope, excluding nearly all areas south of Prospect Park with the exception of Bay Ridge. See the complete report here.
