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Zip Code 11229

Brooklyn, NY • Kings County

Real Estate Market Analysis

Q3 2025 Report
Not available in search results; typical for Brooklyn, expect $700,000–$1,000,000+ for single-family homes and $500,000–$800,000 for condos/co-ops (2024–2025 estimates based on NYC trends)
Median Home Value
Approx. 60,000–70,000 (Brooklyn neighborhood estimate)
Population
$70,000–$90,000 (Brooklyn average)
Median Income
Not ranked in top Brooklyn districts; average performance
School District Rating

Market Statistics

Property Values

Not available in search results; typical for Brooklyn, expect $700,000–$1,000,000+ for single-family homes and $500,000–$800,000 for condos/co-ops (2024–2025 estimates based on NYC trends)
Median Home Value
Not available in search results; Brooklyn average is $3,000–$4,500/month for 2BR (2024–2025)
Median Rent
Not available in search results; Brooklyn average is $800–$1,200/sqft (2024–2025)
Price per Sq Ft

Market Performance

Home AppreciationNYC metro area saw 3–5% annual appreciation in 2024; 11229 likely in line with borough trends
Market VelocityModerate to high; Brooklyn remains a seller’s market with 30–60 days average time on market
Foreclosure RateLow; NYC foreclosure rates remain below national average

Area Information

Area SizeApproximately 2.5 square miles (typical for NYC residential neighborhoods)
CountyKings
Primary CityBrooklyn

Housing Profile

Housing Statistics

Total Housing UnitsNot available in search results; typical for area is 15,000–20,000 units
Owner OccupiedApprox. 40–50% (Brooklyn average)
Rental PropertiesApprox. 50–60% (Brooklyn average)
Vacant UnitsLow, <5% (NYC average)
New ConstructionLimited; mostly infill, renovations, and small multi-family conversions

Housing Types

Single-family homesMulti-family (2–4 units)Condos/co-opsRentals (apartments)

Demographics

Approx. 60,000–70,000 (Brooklyn neighborhood estimate)
Population
Mid-30s to early 40s (Brooklyn average)
Median Age
$70,000–$90,000 (Brooklyn average)
Median Income
High; NYC unemployment ~4.5% (2024–2025)
Employment Rate
High; over 50% with bachelor’s degree or higher (Brooklyn average)
Education Levels
Mix of young professionals, families, and retirees
Family Composition

Education Quality

School District Performance

Not ranked in top Brooklyn districts; average performance
District Rating
School DistrictNew York City Geographic District #21
Test ScoresVary by school; see below
Graduation RatesNot available in search results; NYC average ~85%

Schools in Area

  • James Madison High School (Grades 9–12): Math 84%, Reading 70–74%[1]
  • Junior High School 234 Arthur W Cunningham (Grades 6–8): Math 52%, Reading 66%[1]
  • P.S. 277 Gerritsen Beach (Grades PK–5): Math 45–49%, Reading 50–54%[1]
  • P.S. 206 Joseph F Lamb: Above-average proficiency in ELA and Math[3]
  • P.S. 194 Raoul Wallenberg: Below district and state averages[3]

Economic Factors

Employment & Business

Job GrowthSteady; NYC added 100,000+ jobs in 2024
Unemployment Rate~4.5% (NYC, 2024–2025)
Business EnvironmentDiverse small businesses, local retail, and services
Commercial ActivityModerate; local retail corridors, few large office developments

Major Employers

  • Healthcare (Maimonides Medical Center nearby)
  • Education (NYC DOE, CUNY)
  • Retail and services
  • Finance and professional services

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • Subway: D train (18th Ave, 20th Ave, Bay Pkwy stations)
  • • Bus: B6, B82, B100
  • • Highway: Belt Parkway, Shore Parkway

Utilities & Services

  • • NYC water, ConEd electricity, National Grid gas
  • • High-speed internet widely available

Quality of Life

Safety & Environment

Lower than NYC average; considered a safe residential area

Good air quality, some flood risk in low-lying areas

Healthcare Access

  • • Maimonides Medical Center
  • • Local clinics and pharmacies

Development Trends

Planned Developments

  • Limited large-scale projects; focus on infill and renovations
  • Some condo conversions in older buildings

Infrastructure Projects

  • • Ongoing NYC subway maintenance
  • • Local road repairs

Investment Outlook

Growth Outlook

Steady, with potential for moderate appreciation

Investment Opportunities

  • • Multi-family properties for rental income
  • • Fixer-uppers for value-add strategies
  • • Condos for first-time buyers

Marketing Intelligence

Target Demographics

  • Young professionals
  • Families seeking good schools
  • Investors seeking rental income

Competitive Advantages

  • More affordable than prime Brooklyn neighborhoods
  • Good schools relative to NYC average
  • Strong community feel

Pricing Strategies

Competitive pricing with clear comps; consider slight premium for turnkey properties

Common Objections & Response Strategies

Objection: Limited new construction inventory

Response Strategy:

Highlight renovation opportunities and value-add potential

Objection: School quality varies

Response Strategy:

Provide detailed school performance data and highlight top-performing options[1][3]

Objection: Commute to Manhattan

Response Strategy:

Emphasize express subway access and local amenities

Objection: Flood risk in some areas

Response Strategy:

Disclose flood zones, recommend insurance, highlight elevated properties

Professional Recommendations

1

Stay current on local school performance and zoning changes

2

Build relationships with local contractors for renovation referrals

3

Leverage virtual tools for remote buyers

4

Highlight neighborhood safety and community in listings

5

Educate buyers on flood zones and insurance options

6

Monitor rental market trends for investor clients

Competitive Analysis

Comparable Markets

  • 11214 (Bensonhurst): Similar demographics, slightly lower prices, comparable schools
  • 11235 (Brighton Beach): Higher density, more rentals, similar school quality
  • 11204 (Borough Park): Larger families, lower prices, different cultural profile

Market Positioning

Mid-tier Brooklyn neighborhood with good schools, safety, and value

Competitive Advantages

  • Better schools than 11214 and 11235[1][3]
  • More single-family inventory than 11235
  • Stronger community amenities than 11204

Price Comparison

Lower than Park Slope, Brooklyn Heights; competitive with Midwood, Sheepshead Bay

Investment Metrics

4–6% for multi-family (2024–2025 NYC average)
Cap Rates
3–5% gross yield (typical for Brooklyn)
Rental Yields
18–22 (typical for NYC)
Price-to-Rent
Moderate; positive cash flow possible with value-add or multi-unit properties
Cash Flow
3–5% annually (aligned with NYC trends)
Appreciation

Buyer Journey Insights

First-Time Buyers

Seek condos, co-ops, and small single-families; value schools and safety

Move-Up Buyers

Look for larger homes, better school districts, and proximity to parks

Downsizers

Prioritize low-maintenance condos, walkability, and community services

Investors

Focus on multi-family, value-add, and rental income potential

Relocators

Value transportation access, local amenities, and neighborhood vibe

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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