The Real Deal New York

Brooklyn’s affordable hold outs

February 11, 2014 06:50PM

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.