The Real Deal New York

Brooklyn’s affordable hold outs

February 11, 2014 06:50PM

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From left: Listings at 25 Crown St. in Crown Heights, 567 39th St. in Sunset Park and 68 Garden St. in Bushwick

From left: Listings at 25 Crown St. in Crown Heights, 567 39th St. in Sunset Park and 68 Garden St. in Bushwick

The cost of living in Brooklyn may be going through the roof, but there are still affordable corners to be found in Bushwick, Crown Heights and Sunset Park — if you’re buying.

Homes prices in the Kings County trifecta are cheaper than the $515,000 median sale price of homes sold around Brooklyn as a whole, the blog Brokelyn reported. The median sale price of a Bushwick apartment is $360,000, despite Girls’ star Zosia Mamet’s recent $1 million purchase there. And Crown Heights rolls in at an average price of $356,000, while Sunset Park is the biggest bargain of the bunch — $294,000 on average.

In Park Slope, by contrast, the average price of a condominium home leapt 55 percent from an average of $471,000 in 2003 to $868,000 last year, according to a recent ten-year sales study from residential brokerage aptsnadlofts.com. “BoCoCoa” — otherwise known as Boerum Hill, Cobble Hill and Carroll Gardens collectively — saw prices skyrocket 128 percent from $360,000 to $820,000, while in Dumbo condo prices are well over $1 million as of last year. [Brokelyn]Julie Strickland

  • LanoraPaynter

    I want to be affordable for Purchasing a Home .
    https://myspace.com/rudolfadom

  • Artie Lange

    That sunset park price range is off for home prices. I live in sunset and homes around here are selling and have been sold for $900,000 to a million. Unless they mean apt prices, brownstones are not cheap.

  • FlipoutNYC

    Buy the Crown Heights apartment with windows bars already installed. Its safer

  • VF

    This article is nuts. Crown Heights is up to 1.5M and BedStuy is 1.2M.

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