Streeteasy defines their top 10 NYC neighborhoods to watch in 2024 as those that saw the greatest increases in searches on StreetEasy among buyers and renters from 2022 to 2023.
Sunset Park is the highest-ranked Brooklyn neighborhood on this year’s list, coming in at No. 5 overall with a 4.7% annual rise in searches. Located between Bay Ridge, Borough Park, and Greenwood, this waterfront neighborhood had a median asking rent of just $2,400 in 2023 — 27% below the borough median — making it a relatively affordable option for renters. Its median asking price of $1.45 million, however, is 45% higher than the Brooklyn median of $999,000. Sunset Park’s housing stock includes single- and multi-family rowhouses in various styles.
Greenwood, also known as Greenwood Heights, is perhaps best known for its famous cemetery, making the neighborhood the permanent home to the likes of Leonard Bernstein, Horace Greeley, Jean-Michel Basquiat, Pop Smoke, and more. Beyond the history, beauty, and views provided by the cemetery, Greenwood has lots to offer, including numerous bars, restaurants, and cafes along 4th and 5th Avenues. Nestled just between Park Slope and Sunset Park, the neighborhood is also accessible to Downtown Brooklyn, DUMBO, and Lower Manhattan via the D, N, and R trains. Greenwood’s median rent of $3,250 is just below the borough median of $3,295, while its median asking price of $1.55 million reflects the diversity of for-sale inventory in the neighborhood — from new development condos to multi-family and mixed-use investment properties.
Just south of Prospect Park, Flatbush has seen a rising number of new developments in recent years, perhaps contributing to its 3.2% increase in searches year-over-year. Because of its lower price point compared to other neighborhoods surrounding the park, they also named Flatbush one of the best NYC neighborhoods for college grads in 2023. Despite its growth, Flatbush’s median rent and asking price both remain well below the borough medians, at $2,800 and $600,000 respectively. Home shoppers can find a diverse selection, ranging from co-ops with beautiful pre-war details to brand new state-of-the-art condos, as well as single- and multi-family homes in a variety of architectural styles.
