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Greenwood Heights

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Greenwood Heights at a Glance

Squeezed between its neighbor Park Slope to the north and Sunset Park to the south, Greenwood Heights has quietly transformed itself with new modern condominium developments and a surge in new local restaurants and bars catering to a diverse demographic. Originally the site of a major Revolutionary War battle, Greenwood Heights borrows some of its name from Green-Wood Cemetery which the neighborhood wraps around. Greenwood Heights real estate is most notable for its range of small, neatly maintained row- and single-family houses, many of which have been gut renovated and interspersed with small modern condominiums built in the past 10 years. The neighborhood is serviced by the R train and is nearby the D train in Sunset Park.

Residential Market: 2018

Avg Residential Rent

$3,538

Avg Price for Condo Sellouts

$923,000

Approx No. of Residential Units in the Development Pipeline

161

Investment Sales: 2018

Total Dollar Volume of Investment Sales

$67,765,000

Avg Multifamily Sale PPSF

$494

Avg Retail/Mixed-Use Sale PPSF

$744

Avg Development Site Sale PPBSF

$265

Additional Demographics: 2015

Avg Household Income

$93,283

Total Population

94,716

Transportation

Subways

d
n
r

Buses

B35 B37 B63 B67 B69 B70 B75 B103 X27 X28 X29 X37 X38

Other Transportation

Gowanus Expressway, Prospect Expressway

Neighborhood Vibes

Situated on higher land than its neighbors, Greenwood Heights offers excellent views of Upper New York Bay and the Manhattan skyline. In addition to the close proximity to Green-wood Cemetery and Prospect Park, 4th and 5th Avenues feature a number of recently opened bars, eateries and stores to visit.

Greenwood Park

A 13,000 SF indoor & outdoor restaurant, beer garden and event space.

Baked in Brooklyn

A massive bakery/storefront, that distributes its baked good to supermarkets all over NYC and a popular retailer for summer picnics

Neighborhood Attractions

Tacos El Uniko
Bog John's Coffee Shop & Grill
Cafe Zona Sur
Melody Lants
Maria's Bistro Mexicano
Fifth Avenue Vegetarian Delight
Brooklyn's Tiki Bar
Spiro's Cafe & Pizza
Ines Bakery

Dan Marks

Partner
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All Asset Types
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Industrial/Office

Mike Hernandez

Vice President
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Industrial/Office

Greenwood Heights Transactions

747 Fourth Avenue - Greenwood Heights - Sunset Park - TerraCRG Brooklyn Commercial Real Estate - Retail Potential Development For Sale - Brooklyn Commercial Real Estate - Ofer Cohen - Dan Marks - Joseph Terzi - Mike Hernandez - Mike Rafter
Sold
Retail
Sold

747 Fourth Avenue

Greenwood Heights

$7,150,000

Development Drive-thru NNN Leased Parking Lot retail
14000 sf mixed-use building in greenwood heights commercial real estate terracrg retail residential
Sold
Retail/Mixed-Use
Sold

708 5th Avenue

Greenwood Heights

$7,215,000

14000 SF Greenwood Heights Mixed-Use Parking Lot Residential retail
See All Listings >

Related Neighborhoods

Bay Ridge
Bensonhurst/Bath Beach
Dyker Heights
Sunset Park
Windsor Terrace

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >
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634 Dean Street
Brooklyn, NY 11238
718.768.6888
info@terracrg.com

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