Brooklyn Market Trend Report: Marine Park/Mill Basin

Gil Hodges Memorial Bridge - Photo By Tim Drivas


Halstead agent Gerard Splendore discusses Marine Park/ Mill Basin  

Gil Hodges Memorial Bridge - Photo By Tim Drivas

“Verdant, Quiet, ‘Old World Brooklyn Charm: Suburban feel with plentiful parking, but accessible to the city by Express Bus,’ and Walkable.”  

What sales trends are you expecting in the next quarter in the luxury market?  

Adjacent to Mill Basin there is waterfront luxury housing where prices exceed $1 M. These houses are desirable, but the possibility of another Sandy-type “Perfect Storm” will affect prices and buyer’s interpretation of desirability. Marine Park has a waterfront Nature Preserve which supports kayaking and weekly tours. There is also a golf course.

How would you describe the average Marine Park/Mill Basin resident?  

Marine Park/Mill Basin residents are predominantly middle class families and extended families.

Are there any connections with certain career and personalities types in Marine Park/Mill Basin?  

Many residents drive to their employment but the large MTA Bus terminal employs many local residents. Police officers reside here, as well as employees to support the very active retail sector: Kings Plaza. As a transportation hub, Kings Plaza has Macy’s as an anchor and local big box stores such as Lowe’s, Home Depot, PetSmart, Raymour & Flanigan, and Sleepy’s Mattresses. Immigrants to this area open small businesses, and many longtime residents have a stronghold on services like car repair, dry cleaners, florists, hair salons, and funeral parlors.

Are you finding an increase in cash transactions rather than mortgages?

My recent transactions have been in the $500K range, and two out of the last three were cash purchases.

How is Marine Park/Mill Basin different from other neighborhoods in Brooklyn?  

What makes it stand out? Both are “two zone” transportation areas (i.e. bus to subway) making a car almost essential. Mill Basin has many luxury waterfront residences with private boat docks. All contribute to making this a somewhat exclusive and insular part of Brooklyn, but accessible by car to everywhere.

What are most Marine Park/Mill Basin buyers and renters looking for in a home?

Most buyers and renters are looking for value, space, large yards, and easy access shopping. One of the houses I listed had a huge above ground pool and the double garage was outfitted as a home gym and party space with bar, fridge and disco mirror ball. Another part of the garage was a metal working and rock polishing facility and a car repair area. Both went quickly.

Is Marine Park/Mill Basin a suit-able location for international buyers and if so, why?  

Yes, ethnic ties are strong and it’s a large melting pot. There are a number of small businesses who have international proprietors.

Can you tell us a little bit about the school district(s)?  

My children attended Edward R. Murrow High School in neighboring Midwood, which has an acclaimed theatre and music program, as well as fine art. This is a magnet school that attracts Brooklyn students who might also be accepted at Manhattan’s High School of Performing Arts but prefer to attend school in Brooklyn.

Elementary and Middle Schools are plentiful and well-maintained. Big playground areas and playing fields are convenient. Abundant private schools and some affiliated with religious organizations are also available.

What is the quality of life vs downtown Manhattan? Why are people choosing Marine Park/Mill Basin?  

Space, value, green parks, and access to water. Many residents have long time summer homes in Cabana’s in Breezy Point or Rockaway Beaches. Some residents move their families ‘to the beach’ each summer; others commute. Breezy Point is a gated community, with private beaches, and The Rockaways are public beaches—both areas were hit very hard by superstorm Sandy. Both beaches are clean and well-maintained with lifeguards on duty. Marine Park, the actual park, is the site of a very large male Indian community of Cricket Players, fully attired in white uniforms each Sunday afternoon.

What are some local amenities that attract people to purchase a luxury apartment in Mill Basin/ Marine Park?

Shopping, parks, neighborhood ambiance, and a small town feel. There is not much in the way of luxury “apartments,” but larger Mill Basin homes are the norm, and quite formidable with landscaping, fountains in front yards, ostentatious entries, circular driveways, etc. 

Gerard Splendore is a Licensed Associate Real Estate Broker in Brooklyn Heights for Halstead Property. 


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