Sheepshead Bay Falls Off Brownstoner Top Sales List

It has been a few weeks since we’ve seen a top real estate sale in Sheepshead Bay. According to the Brownstoner, real estate trends reported by HMS Associates reflect a dramatic drop in prices in Sheepshead Bay.

The article mentioned that prices are up in the Brooklyn neighborhoods of Greenpoint, Carroll Gardens, and Sunset Park. The sale of a Brighton Beach penthouse condo that made the Brownstoner’s top sales list (March 17, 2009), makes us think that prices are up in our sister neighborhood, too.

Apartment number PH2A at 155 Oceana Drive East sold on February 26, 2009 at $1,325,000. It’s a 3-bedroom, 2 1/2 bath, 1,860 square ft unit and we wish we had an actual picture of the inside of the place in all of its has-to-be-something-goodness — since the one on makes it look like the entire Oceana Condominium and Club complex is mostly a green park.

For any of you looking to pay $2,295,000 — nearly a million more than the top sale– you can find #PH2A for sale at 135 Oceana Dr East. From the listing at, it’s hard to tell why this unit is selling for more. We’re thinking there’s a view of the Polar Bear Club saying ‘da’ to the frigid waters.


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