Property Prices in Borough Park, Brooklyn (11218)

Analysis of recent property sales — NYC Department of Finance data, all 5 boroughs

Last updated: 03/13/2026
$899,000
Median Price
$1,174,831
Average Price
751
Transactions
$754
Avg. Price / Sq Ft

Average Property Price in Borough Park

The average property price in Borough Park, Brooklyn (11218) is $1,174,831, based on 751 transactions recorded by the NYC Department of Finance. The median price is $899,000, giving a price range from $17,001 to $13,500,000.

The average price per square foot is $754.

Transaction Volume (Last 12 Months)

25-01 25-04 25-07 25-10

Recent Sales

Date Price Type Address Sq Ft $/Sq Ft
2025-12-29 $575,000 Elevator Apt 110 Ocean Parkway, 4A — —
2025-12-19 $1,999,999 2-Family 1023 Beverley Road 3,180 $629
2025-12-19 $421,426 Condo 379 Ocean Parkway, 2A — —
2025-12-19 $926,608 Condo 428 East 9Th Street, 601 — —
2025-12-19 $926,608 Condo 428 East 9Th Street, Ps4 — —
2025-12-19 $1,175,000 Condo 1139 Prospect Avenue, 3B — —
2025-12-18 $1,485,000 3-Family 3538 12 Avenue 2,106 $705
2025-12-17 $1,700,000 2-Family 309 Greenwood Avenue 1,830 $929

NYC Transfer Tax Calculator for 11218

—
NYC Transfer Tax
—
NYS Transfer Tax
—
Mansion Tax
—
Total Transfer Taxes
—
Effective Rate

NYC RPTT: 1% (≤$500K) or 1.425% (>$500K). NYS: 0.4%. Mansion Tax: 1% (≥$1M). Does not include mortgage recording tax.

Estimated Rental Yield in Borough Park

4.3%
Estimated Gross Rental Yield
Based on median price of $899,000 and average Brooklyn monthly rent of $3,200/month ($38,400/year).
Source: NYC rental market averages. Actual yields vary by property type and condition.
View all 751 comparable sales →

Nearby ZIP Codes in Brooklyn

11201
Boerum Hill 11203
Brooklyn-Unknown 11204
Bensonhurst 11205
Bedford Stuyvesant 11206
Bedford Stuyvesant 11207
Brooklyn-Unknown

Frequently Asked Questions

What is the average property price in 11218?
The average property price in Borough Park, Brooklyn (11218) is $1,174,831, with a median price of $899,000. This is based on 751 recent transactions recorded by the NYC Department of Finance.
How many properties were sold in 11218?
There have been 751 property transactions recorded in Borough Park, Brooklyn (11218) in the most recent data period, according to NYC Department of Finance records.
What are the transfer taxes when buying property in NYC?
When buying property in NYC, you may owe: NYC Real Property Transfer Tax (1% for sales ≤$500K, 1.425% for sales >$500K), New York State Transfer Tax (0.4%), and Mansion Tax (1% for sales ≥$1M, with higher brackets above $2M). Use the calculator above for an estimate.
What is the rental yield in 11218?
The estimated gross rental yield in Borough Park, Brooklyn (11218) is 4.3%, calculated from a median property price of $899,000 and average Brooklyn rents of $3,200/month.