Interest in Brooklyn brownstones surges

June 01, 2012 02:30PM

Brokers say interest in brownstones in what is often referred to as “Brownstone Brooklyn” is approaching 2007 levels, the New York Times reported. “It is amazing,” Jill Braver, an associate broker at Brown Harris Stevens, told the Times. “There are so many people looking for brownstone buildings, and there is just no supply.”

Brokers add that the shortage of single-family homes in the borough has piqued interest in multi-family buildings that owners can convert. And open houses for single-family homes have begun to attract large crowds and result in bidding wars.

The demand for larger spaces in New York City as a whole has manifest as the strong interest in brownstones, which Braver said “signify stability.” A brownstone means “putting roots down in a neighborhood for the long haul.” [NYT]