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# Gravesend Home Earns 2nd Most Expensive Sale In Feb
- URL: https://bklyner.com/gravesend-home-earns-2nd-expensive-sale-feb/
- Published: 2017-03-14T17:51:45.000Z
- Updated: 2017-03-14T17:55:22.000Z
- Author: Carly Miller
- Tags: Nonsponsored, Real Estate, Southern Brooklyn, $5 million home, gravesend, home sales, Sheepshead Bay, single family home, southern brooklyn, #wp

![](/content/images/wp-content/uploads/2017/03/3-07107-0147.CLHeDgof.jpg)

2034 East 5th Street in Gravesend. (Photo by Christopher Bride/PropertyShark)

In February, a Gravesend home sold for $5 million, becoming the second most expensive single-family home sold in Brooklyn that month, according to The Real Deal.

The two-story detached home at 2034 East 5th Street between Avenues S and T in Gravesend was built around 1925\. With a brick facade, it looks fairly modest on the outside — but with no active real estate listing, we can only dream about the multi-room interior. For the rest of last month’s chart toppers, check out the Real Deal ranking [here](https://therealdeal.com/2017/03/13/these-were-the-top-home-sales-in-bk-queens-in-february-2/?ref=bklyner.com).

But compared to the rest of the block, the new owners got this place at a steal. Gravesend — a Sephardic enclave — has seen an [exploding real estate market](/gravesend-real-estate-market-is-exploding-sheepshead-bay/) for more than a decade. In fact, the most expensive home sale of 2016 was on the very same block at 1993 East 5th Street, which sold for $11 million, reports [Curbed](http://ny.curbed.com/maps/brooklyn-most-expensive-homes-sold-2016?ref=bklyner.com).

In 2012, a five-bedroom at 2134 Ocean Parkway [carried the borough’s highest price tag at $14](/at-14-million-ocean-parkway-home-carries-brooklyns-highest-price-tag-sheepshead-bay/) million (but mysteriously dropped down to [$10 million a few months later](/most-expensive-brooklyn-home-goes-down-a-few-million-in-price-sheepshead-bay/)); in 2009, [2111 East 2nd Street sold for $10.26 million.](/gravesend-house-sells-for-10-26-million/) A home around the corner at 450 Avenue S [sold in 2011 for $10.25 million](http://therealdeal.com/blog/2011/12/28/451-avenue-s-in-gravesend-tops-biggest-sales-in-brooklyn-in-2011/?ref=bklyner.com), just shy of the $11 million sale of 451 Avenue S across the street in 2005.

Many of the comparable homes around the area today, however, show pre-foreclosure sales that hover around $1 million, according to [Zillow listings](https://www.zillow.com/homes/for%5Fsale/Gravesend-Brooklyn-New-York-NY/403215%5Frid/globalrelevanceex%5Fsort/40.603339,-73.965272,40.59314,-73.979927%5Frect/15%5Fzm/?ref=bklyner.com).

These homes hover around several synagogues and the Sephardic Community Center, perhaps accounting for their prime location — and prime price tag — for the hot market.

![](/content/images/wp-content/uploads/2017/03/Map-702x306.jpeg)

(Source: [Constantine Valhouli](/new-map-shows-gravesend-real-estate-anomaly-sheepshead-bay/) for Medium)

But this boom doesn’t represent the borough at large, according to [a 2015 map](https://medium.com/re-form/nycs-housing-cost-myth-9dce6052c139?ref=bklyner.com#.8bwwhwax8) by Constantine Valhouli. But the enormously expensive homes in the southeast section of Gravesend does make for a dramatic visual.