Where to buy a brand new apartment in Brooklyn?

Through good times and bad, strong economies and weak, Brooklyn has always been one of the hottest places in New York City. It is known for its trendy style, its amazing businesses, its entertainment opportunities, and its modern look, feel, and style. There are few places in the country as cool as Brooklyn. It has long been the epitome of hip, and whether you’re looking to buy a brand new apartment in Brooklyn or simply immerse yourself in its vibrant culture, it continues to be that way.

Attaining real estate in any part of New York City is tricky and can be very difficult but that is doubly true when you are looking to settle down or invest in a piece of property in Brooklyn. Because of its popularity and the amount of real estate available, things move quickly in this part of the city. 

If you want to buy a brand new apartment in Brooklyn, you need to be aware of multiple things, such as the price that you will pay, the location you will look in, and the businesses and exciting events located nearby.  

Our guide will teach you what you need to know about buying a brand new apartment in Brooklyn. 

How much does it cost to buy a new apartment in Brooklyn? 

Since Brooklyn is so sought-after, the real estate prices reflect that trend. According to UrbanDigs, as of November 2023, the median sales price market-wide in Brooklyn is $914,000, with an estimated $829 per square foot. Regarding new developments specifically, the media sales price is of $1.1 million and about $1,163 per square foot.

While that is a good deal higher than certain parts of the country, it is a bit cheaper than other areas in New York City. That is just another one of the many reasons why Brooklyn remains so popular with NYC residents both new and old.  

Now that you know how much you’ll be spending on your apartment in Brooklyn, it is time to decide which neighborhood you want to set yourself up in.

What part of Brooklyn should you move to? 

It is important to note that, much like the city as a whole, Brooklyn is broken down into smaller regions and neighborhoods. Each of these areas comes with various price points, advantages, and disadvantages too. 

Downtown Brooklyn 

If you want to be in the heart of Brooklyn, you want to be in downtown Brooklyn. This part of the city has a slew of great eateries, wonderful entertainment venues, and a bunch of great apartments, new, old, modern and old-fashioned.

The median sales price in Downtown Brooklyn is approximately $1.6 million.

If you decide to make downtown Brooklyn your home, you should look to neighborhoods such as Flatbush, Crown Heights, and Bedford-Stuyvesant.

Greenpoint

Greenpoint is one of the many bustling neighborhoods in Brooklyn that attracts new residents from all over the country. 

As with many parts of the city, the median price has risen over the last year. The median sales price market-wide in Greenpoint is $1.7 million, a 8.1% increase from last year. If you are thinking of moving to this part of Brooklyn, some of the hip, youthful neighborhoods you should check out are Ridgewood and Bushwick.  

Williamsburg

Of all the areas of Brooklyn, Williamsburg might be the hippest. That is saying a lot, especially for Brooklyn. For years, Williamsburg has been known for its trendy bars, fancy but affordable cafes, and its cultural impact on the rest of the city and the rest of the country.  

The median price in Williamsburg is $1.25 million as of November 2023.  

Summary 

Brooklyn is youthful and modern, full of hip energy and plenty of opportunities for both young and old. For those who want the premium New York City experience, Brooklyn is for them. But moving to this part of the city isn’t always cheap and it isn’t always easy. Thankfully, if you contact our team at BARNES New York, you will have access to a level of expertise that will help the entire process move swiftly and without hassle. Whether you’re looking to buy a brand new apartment in Brooklyn, a luxury apartment, new development location, or anything else, it doesn’t have to be that hard.