Brooklyn’s two- to three-family homeowners netted a median $439,000 gain over 20 years, the highest return for that property type in the city

Brooklyn two- to three-family homeowners saw a median $439,000 resale gain over 20 years, the highest return citywide, driven by tight inventory and demand in neighborhoods like Borough Park and Bed-Stuy.

Brooklyn owners of two- to three-family homes netted a median $439,000 resale gain over the past two decades, the highest return for that property type anywhere in the city, according to a new report from PropertyShark published last week and covered by BK Reader.

Across all property types, the typical Brooklyn seller netted $159,000 between 2005 and 2025, according to PropertyShark. That placed Brooklyn second in the city, just behind Staten Island’s $164,000 median gain.

Borough Park ranked first in the city, with a median resale gain of $409,000, according to BK Reader’s account of the report. Ocean Hill, Bedford-Stuyvesant, and Bensonhurst each returned $300,000 or more for the typical seller, with Crown Heights and Greenwood Heights close behind. PropertyShark attributed those results to a stock of rowhouses and brownstones that is tightly held and has expanded very little over the past 20 years, combined with sustained demand from multigenerational households and owner-occupants collecting rental income from additional units.

In all, 28 Brooklyn neighborhoods generated at least a $100,000 resale gain for the typical seller in 2025, according to the report. Single-family homes netted a $309,000 median gain for Brooklyn sellers, less than two- to three-family properties. Brooklyn apartments netted higher gains than apartments in the rest of the city: co-ops cleared a median $70,000 gain and condos a median $108,000 gain. At the luxury tier, defined as sales above $3 million, Brooklyn returned a median $1.37 million gain, which PropertyShark identified as the strongest luxury-tier performance in the city.

DUMBO was the exception. There, the typical seller took a $28,000 loss, a result PropertyShark attributed to the neighborhood’s heavy concentration of condos, which made its market behave more like Manhattan’s than the rest of Brooklyn, according to BK Reader.

Co-op and condo resales across New York City both turned negative for pandemic-era buyers, losing a median $11,000 and $14,000 respectively, according to the report. Houses stayed positive in every buyer cohort, but gains shrank: for two- to three-family homes, the median resale gain was halved for pandemic buyers.

Even at the bottom of Brooklyn’s neighborhood rankings outside DUMBO, sellers netted gains. Coney Island, the borough’s weakest performer in that group, still netted a median $26,000 gain for the typical 2025 seller, according to PropertyShark.

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