Brooklyn’s affordable hold outs

TRD NEW YORK /
Feb.February 11, 2014 06:50 PM

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


Related Articles

arrow_forward_ios
Why Brooklyn and Queens buyers are “camping out”

Why Brooklyn and Queens buyers are “camping out”

Williamsburg market rebounds after reversal of L train shutdown

Williamsburg market rebounds after reversal of L train shutdown

Abraham Leser lands $71M loan for SUNY hospital site in Brooklyn

Abraham Leser lands $71M loan for SUNY hospital site in Brooklyn

9 College Place

Brooklyn luxury market saw 21 contracts signed last week

(Credit back to front: Pixabay; brava_67/Flickr)

Bond in Brooklyn? Daniel Craig may have snapped up a brownstone

Brooklyn home inventory hasn’t been this low in a decade

Brooklyn home inventory hasn’t been this low in a decade

Sales in Brooklyn, Queens fuel NYC’s resi market in Q2

Sales in Brooklyn, Queens fuel NYC’s resi market in Q2

Downtown Brooklyn

Are stricter rent stabilization rules partly to blame for Brooklyn’s I-sales slump?

arrow_forward_ios
Loading...