Condos ran this market in the second quarter: 48 of the 84 homes that closed between April and June were condominiums, and they carried a $1,947,500 median against $768,500 for the co-op stock that makes up most of the rest. The two apartment types trade very differently. Condos reached contract in 27 days at the median but only 32.4% cleared asking; co-ops sat 67 days yet 44.4% closed at or above their number. Across all 84 sales the median was $1,587,500, the typical listing took about 41 days to go to contract, and 37.5% closed at or above ask, with the average sale landing 2.2% under (Compass closed-sales records, Q2 2026). This is the monthly Downtown Brooklyn market report, refreshed as new closings record; the borough-wide picture lives in our Brooklyn market report.
What sold, and for how much
Apartments are the whole story here. Condos took 48 sales and co-ops another 32, leaving houses at just four closings in the quarter. That mix is the opposite of a brownstone neighborhood, and it shapes every number below.
Property type | Sales (Q2) | Median sale price | Average sale price | Avg. price per sq ft | Median days on market | Avg. vs ask | At or above ask |
|---|---|---|---|---|---|---|---|
Condos | 48 | $1,947,500 | $1,918,472 | $1,449 (48 reporting) | 27 (37 reporting) | -3.0% | 32.4% (37 reporting) |
Co-ops | 32 | $768,500 | $1,120,680 | $1,400 (16 reporting) | 67 (27 reporting) | -1.2% | 44.4% (27 reporting) |
Houses | 4 | $2,166,500 | $2,150,000 | $742 (4 reporting) | n/a (0 reporting) | n/a | n/a (0 reporting) |
Read the house row as a data point, not a trend. Four sales cannot carry a median, so the $2,166,500 figure tells you those specific buildings changed hands, nothing more about where houses would price broadly. On price per foot, condos led at $1,449 and co-ops came in close behind at $1,400, which reads odd until you remember co-op prices sit lower because the units are smaller, not cheaper by the foot. Houses posted the lowest per-foot figure at $742 across their four sales. The quarter's highest closing was 9 Dekalb Ave, Unit 74C, a 1,887-square-foot condo that traded at $3,555,000.
Where the money went
Downtown Brooklyn splits into a lower apartment tier and a smaller high-rise tier, with little in between. 39.3% of sales closed under $1,000,000, 8.3% between $1,000,000 and $1,500,000, 15.5% between $1,500,000 and $2,000,000, 27.4% between $2,000,000 and $3,000,000, and 9.5% above $3,000,000 (Compass closed-sales records, Q2 2026). The thin $1,000,000 to $1,500,000 band is the tell: buyers here land either on an entry co-op or one-bedroom, or step up to a larger condo in the $2,000,000 range, with less trading in the middle. By bedroom count, one-bedrooms ran a $762,500 median across 18 sales, two-bedrooms $1,520,000 across 26, and three-bedrooms $2,601,189 across 24. The four-bedroom median of $2,315,000 sits below the three-bedroom figure, which is a three-sale sample rather than a real step down.
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Pace and negotiation
Pace here is bimodal, and it tracks property type rather than the calendar. Among the 64 sales reporting marketing time, 42.2% went to contract inside 30 days, 12.5% took 30 to 60, 15.6% ran 60 to 89, and 29.7% sat past 90 (Compass closed-sales records, Q2 2026). Condos populate the fast end at a 27-day median, while co-ops stretch the tail with a 67-day median. Speed did not translate into leverage the way it usually does: condos moved quickest but only 32.4% cleared asking and the average condo closed 3.0% under, while co-ops took more than twice as long yet 44.4% hit or beat their number. Sellers on both sides gave back a little at the table this quarter.
For buyers right now
Know which apartment market you are shopping before you write, because the timing cuts against instinct. Condos move fast, a 27-day median, but only about a third cleared ask and the average one closed 3.0% under, so a fair offer at or slightly below list is often in range even on a unit that is drawing traffic. Co-ops are the patient lane at a 67-day median; the ones that lingered are where the room to negotiate sits, though a larger share still cleared ask, so read each building on its own. On any condo, put the tax line in your underwriting from day one: the median recorded bill ran about $1,670 a month, which changes the monthly math well beyond the purchase price. Co-op buyers should get the building's financials and maintenance history from your attorney before going hard.
For sellers right now
Price to your building and your unit type, not to the neighborhood median, because the two apartment classes are moving on different clocks. Condos are clearing in under four weeks when priced to recent comps, but only a third are beating ask, so a stretch price mostly buys days on market rather than a higher close. Co-ops are the slower side, a 67-day median, and the sellers who came out ahead met the market early rather than chasing it down over two months. Across all types the average sale finished 2.2% under ask, so the list price is a starting point buyers expect to work from. Your first two weeks of exposure decide most of the outcome, so come to market documented, photographed, and priced to what actually closed this quarter.
Questions buyers and sellers ask
Quick answers on the Downtown Brooklyn housing market, straight from the Q2 closed-sales record.
How much does a home in Downtown Brooklyn cost?
The median Q2 2026 sale was $1,587,500 across 84 closings. Condos ran a $1,947,500 median and co-ops came in at $768,500 (Compass closed-sales records, Q2 2026).
Can you buy in Downtown Brooklyn for under $1 million?
Yes. 39.3% of the quarter's 84 sales closed under $1,000,000, most of them co-ops and one-bedroom condos.
What does a condo cost in Downtown Brooklyn?
The 48 condo sales in Q2 2026 posted a $1,947,500 median at an average of $1,449 per square foot, with the average sale at $1,918,472. The quarter's top closing, 9 Dekalb Ave, Unit 74C, traded at $3,555,000.
How long does it take to sell a home in Downtown Brooklyn?
The median listing reached contract in about 41 days among the 64 sales reporting marketing time. Condos moved faster than co-ops, 27 days against 67 at the median, and 29.7% of those sales ran past 90 days.
What are property taxes like in Downtown Brooklyn?
Among Q2 sales recording a tax bill, the median was about $1,670 a month on condos across 45 sales. Only three houses recorded a bill, at about $468 a month, too few to read as typical. Co-op taxes are paid through the building inside monthly maintenance rather than as a separate bill. Tax treatment varies by property class, assessment history, and any abatement on the building, so check the actual bill on any specific address.
Fouad Rahmé
Founder, the Rahmé Team at Compass
The Rahmé Team advises buyers, sellers, investors, and developers across Brooklyn, with 40 years of combined experience, more than 1,000 clients and transactions, and over $800 million in career sales, $167 million of it since 2020. RealTrends Verified ranks the team in the top 1.5% of real estate professionals nationwide. Every number on this page comes from closed-sales records the team pulls and computes itself.
Contact the team or call (718) 233-3365.
What would your home sell for right now?
The Rahmé Team at Compass tracks Downtown Brooklyn closings building by building, and on 84 quarterly sales a neighborhood median cannot price your line, your layout, or your tax bill. Call (718) 233-3365 or contact us with the address. The borough-wide numbers live in the Brooklyn market report.
All figures Q2 2026, computed from Compass closed-sales records pulled August 5, one record per sale, condos, co-ops, and houses only. Days on market and at-or-above shares cover the 64 sales reporting an asking price; price per square foot covers the 68 sales reporting size; bedroom medians cover sales reporting a bedroom count. With 84 sales in the quarter, and houses down to four closings, neighborhood-level figures move with a small number of records, which is why the reporting count sits next to every subset. Sales at or under $50,000 and recorded parking or storage units sit out of the averages while still counting toward every median and sale count.
Next update: September 2026, once August's closings post.
