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    Home - Real Estate - Greenwood Heights Is Park Slope II
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    Greenwood Heights Is Park Slope II

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    Greenwood Heights Is Park Slope II
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    Patrice Mack, a broker at Brown Harris Stevens, had a client looking to rent in Park Slope. He wanted a garden. Everything cost a fortune. Mack suggested going a bit south to Greenwood. “We got him into something under $3,000 with a garden, paved and beautiful,” says Mack, who has lived in the neighborhood for the last 15 years.

    If you’re priced out of Park Slope or Windsor Terrace, the place to look, apparently, is next to Boss Tweed’s grave. Greenwood, the neighborhood that hugs Green-Wood Cemetery around the west side, has seen renewed interest as prices push ever upward across the city. It took the second spot on StreetEasy’s ten neighborhoods to watch in 2025 after seeing a 9 percent bump in search interest between 2023 and 2024. “That’s a pretty big jump,” says Kenny Lee, senior economist at StreetEasy.

    This isn’t the first time Greenwood “arrived.” It’s the kind of neighborhood that gets rediscovered every few years as a relatively affordable alternative to its counterparts around Prospect Park and North Brooklyn. It was the neighborhood where a couple landed in a 2012 New York Times “Hunt” column after they couldn’t afford Carroll Gardens. In 2020, as people were searching for green space during the pandemic, the neighborhood landed its own profile in the paper. “I think a few years ago, right before COVID when people were able to get into other areas, they forgot about it,” Mack says of this cycle of interest. Then, as they got priced out again, Greenwood’s popularity returned. “It’s not such a secret place anymore.”

    Prices in the little neighborhood have risen over the past five years along with the rest of the borough — median asking rents have gone up by 36 percent and median asking prices by 25 percent — but they’re still cheaper than Park Slope and Windsor Terrace. (Median rent in the neighborhood is $3,250, while it’s $3,592 in Windsor Terrace and $3,950 in Park Slope.) Lee attributes the increase in search interest both to Greenwood’s relative affordability and because sales inventory has increased by 10 percent since 2023.

    The housing stock is a mix of boutique condos and older townhouses, with a handful of bigger condos like Arbor Eighteen and 875 Fourth mixed in. “I just put a new rental on yesterday and got a ton of phone calls, which is rare — people usually email or text,” Mack says. “It used to be if you were listing in Greenwood you needed to find ways to advertise it — buyers wouldn’t put it in their search area,” adds Tamara Abir, a broker at Compass. “But it’s more on people’s radar now.” (Developers no longer have to lie and call everything Park Slope.) It’s close to the R and N trains (and less than 30 minutes to Union Square), Industry City, and the city’s best amenity — Costco.

    Perhaps unsurprisingly, the sleepy neighborhood with more space and close proximity to bulk paper towels has been attracting young families. Tedy Ma, a broker at Sotheby’s who works in the area, says that lately he’s seeing a lot of parents of young children and first-time homebuyers. “It’s priced at least 30 percent less than Park Slope,” Ma says. Justine Lee-Mills, a broker at Corcoran who has been working in the neighborhood for over a decade, says that it’s also a rare corner of the city where there are still some steals left on townhouses — at least “for people who are brave enough to do a lot of work.” (A two-family townhouse in Greenwood can go for $1.7 million, while similar properties a mile north run upwards of a million more than that.)

    And while the cemetery itself might seem like an odd selling point, it also serves as a giant park for locals. “One of the most-searched amenities on StreetEasy was outdoor space,” Lee says. The cemetery is almost 500 acres and regularly hosts events like readings, knitting meetups, and concerts. People go on birding walks alongside the graves. People sit and read. A common joke among brokers? The neighbors are really quiet. The living residents of Greenwood also tend to come for a good long stay. “All the apartments and townhouses I’ve sold in Greenwood — starting 11 to 12 years ago — none of them have moved out yet,” says Lee-Mills.

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