Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 53 mins
Bath Beach
SW Bklyn
Purchase (co-op): N/A
Purchase (condo): $558/sq.ft.
Rent (1BR): N/A
Commute to Midtown: N/A
Bay Ridge
SW Bklyn
Purchase (co-op): $217/sq.ft.
Purchase (condo): $493/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 41 mins
Bedford-Stuyvesant
North Bklyn
Purchase (co-op): $192/sq.ft.
Purchase (condo): $500/sq.ft.
Rent (1BR): $1,350/mo
Commute to Midtown: 46 mins
Bensonhurst
SW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): $1,100/mo
Commute to Midtown: 68 mins
Bergen Beach
SE Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 21 mins
Beverley Squares
Central Bklyn
Purchase (co-op): $898/sq.ft.
Purchase (condo): $1,129/sq.ft.
Rent (1BR): $2,300/mo
Commute to Midtown: 29 mins
Boerum Hill
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 44 mins
Borough Park
SW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 40 mins
Brighton Beach
Southern Bklyn
Purchase (co-op): $1,000/sq.ft.
Purchase (condo): $1,042/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 23 mins
Brooklyn Heights
NW Bklyn
Purchase (co-op): $184/sq.ft.
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 45 mins
Brownsville
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): $664/sq.ft.
Rent (1BR): $2,000/mo
Commute to Midtown: 38 mins
Bushwick
North Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): $1,200/mo
Commute to Midtown: 61 mins
Canarsie
SE Bklyn
Purchase (co-op): $680/sq.ft.
Purchase (condo): $1,008/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 28 mins
Carroll Gardens
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: N/A
Caton Park
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 38 mins
City Line
Eastern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 35 mins
Clinton Hill
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 27 mins
Cobble Hill
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 60 mins
Coney Island
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): $1,400/mo
Commute to Midtown: 38 mins
Crown Heights
Central Bklyn
Purchase (co-op): $147/sq.ft.
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 48 mins
Cypress Hills
Eastern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 35 mins
Ditmas Park
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 25 mins
Downtown Brooklyn
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): $832/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 21 mins
DUMBO
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 63 mins
Dyker Heights
SW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 59 mins
East Flatbush
Central Bklyn
Purchase (co-op): $200/sq.ft.
Purchase (condo): N/A
Rent (1BR): $1,100/mo
Commute to Midtown: 61 mins
East New York
Eastern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 37 mins
East Williamsburg
North Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 58 mins
Farragut
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 36 mins
Fiske Terrace
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 35 mins
Flatbush
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 61 mins
Flatlands
SE Bklyn
Purchase (co-op): N/A
Purchase (condo): $683/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 30 mins
Fort Greene
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 68 mins
Fort Hamilton
SW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 64 mins
Georgetown
SE Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 63 mins
Gerritsen Beach
Southern Bklyn
Purchase (co-op): $668/sq.ft.
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 32 mins
Gowanus
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 51 mins
Gravesend
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 36 mins
Greenpoint
North Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 35 mins
Greenwood Heights
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: N/A
Highland Park
NE Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 120 mins
Homecrest
SE Bklyn
Purchase (co-op): N/A
Purchase (condo): $450/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 42 mins
Kensington
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 56 mins
Manhattan Beach
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 45 mins
Mapleton
SW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 57 mins
Marine Park
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 46 mins
Midwood
South Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: N/A
Midwood Park
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 71 mins
Mill Basin
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 44 mins
Mill Island
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 39 mins
Navy Yard
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 51 mins
New Lots
Eastern Bklyn
Purchase (co-op): $167/sq.ft.
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 50 mins
Ocean Hill
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 83 mins
Paerdegat Basin
SE Bklyn
Purchase (co-op): N/A
Purchase (condo): $805/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 31 mins
Park Slope
South Bklyn
Purchase (co-op): N/A
Purchase (condo): $854/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 31 mins
Prospect Heights
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): $360/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 39 mins
Prospect Lefferts Gardens
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): $607/sq.ft.
Rent (1BR): $1,550/mo
Commute to Midtown: 35 mins
Prospect Park South
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 40 mins
Red Hook
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: N/A
Remsen Village
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 80 mins
Sea Gate
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 48 mins
Sheepshead Bay
Southern Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 31 mins
South Park Slope
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 44 mins
Stuyvesant Heights
Central Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): $1,550/mo
Commute to Midtown: 39 mins
Sunset Park
South Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 23 mins
Vinegar Hill
NW Bklyn
Purchase (co-op): $395/sq.ft.
Purchase (condo): $452/sq.ft.
Rent (1BR): N/A
Commute to Midtown: 33 mins
Wallabout
NW Bklyn
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): N/A
Commute to Midtown: 43 mins
Weeksville
Central Bklyn
Brooklyn is the second-largest borough of New York City, with 71 square miles. It is the city's most populous borough, with 2.5 million residents according to the 2010 census (ahead of Queens' 2.2 million and Manhattan's _______), 30.7% of the City’s total population.
Brooklyn was an independent city until it was consolidated with New York City in 1898. If it were independent today, it would be the fourth largest city in the United States after the rest of New York City, Los Angeles, and Chicago.
HOUSING STOCK
Brooklyn offers, in general, _______ space, yards, and lower density ________. The market is ____% townhouses, ____% apartments (___% condo and ___% co-op), and ____% freestanding houses. [GET DATA FROM REAL DEAL DATEBOOK]. And there are key differences between real estate in the two boroughs. In Manhattan, it is the homes near Central Park that command the highest prices, while in Brooklyn, waterfront homes fetch the greatest premium. In addition, the most expensive properties in Manhattan are condos — with some now asking more than $100 million — but historic townhouses are Brooklyn’s priciest housing type, according to The Real Deal.
Prices range from highs of $_____/sq.ft or $____/sq.ft. in Brooklyn Heights or Dumbo to as low as $____/sq.ft. in [troubled] areas such as Brownsville, East New York, Flatbush, among others. Since 2008, the spread between the median residential rents of Manhattan and Brooklyn has closed, from more than $1,000 per month to around $200 per month. At this rate, median rents should cross in the next couple of years. “The basic premise for what is happening in Brooklyn is that it’s being transformed from Manhattan’s stepchild that was a more affordable place to live to a competitor,” says Jonathan Miller. CITE SOURCE
According to The Atlantic,
Canarsie is one of several Brooklyn neighborhoods with declining property values. Most of the Brooklyn neighborhoods that have seen substantial increases in property values are directly across the river from lower Manhattan, or near Prospect Park, the only exception being Coney Island to the far south.
However, moving east towards Brownsville, Canarsie, and East Flatbush property values have declined by double digits. The three neighborhoods that have seen the biggest declines are Cypress Hills, East Flatbush, and Flatbush. When you look to the traditional working class and middle class neighborhoods of Bensonhurst and Midwood, the appreciation is much more modest, in the single digits.
http://www.theatlanticcities.com/housing/2013/01/mapping-brooklyns-gentrification/4283/
TITLE?
According to Zero Hedge as of 4Q2013, 70% of Brooklyn property sales were to hedge funds, investors. Only about 30% were actual end users. the key reason for the recent, stimulus-fueled and quite transitory bounce in house prices in assorted markets." In other words, the latest artificial move higher in the housing market had nothing to do with an "improving" economy (and implicitly, everything to do with the epic injection of liquidity by all global central banks and chinese loan creation). In other words, just over two thirds of the "bounce" in the Brooklyn housing market has - much to the chagrin of hipsters everywhere - been due to the REO-to-Rent program and various other initiatives to make Wall Street America's biggest landlord, as well as foreigners parking hot cash in the US. A handful of large private equity and real estate investment firms, including the Blackstone Group and Colony Capital, have bought billions of dollars’ worth of single-family homes in some of the areas most affected by the housing collapse. The goal for these Wall Street investors is not to buy and flip the properties for a quick profit à la real estate bubble of the early 2000s. Instead, they are hunting for steady, dividend-like returns they believe can be earned by renting out the homes.
Since the 1990s, Brooklyn has transformed from the affordable alternative to Manhattan into an equally desirable (and expensive) destination. The "South Brooklyn" neighborhoods - those closest to Manhattan (including Cobble Hill, Carroll Gardens, and Boerum Hill) - have been among the first to gentrify. (As an aside, "South Brooklyn" is geographically misleading: historically, it referred to an area that was in the southern portion of the city of Brooklyn rather than the entire borough. So, the South Brooklyn neighborhoods are geographically in northwest Brooklyn.)
DECLINING NEIGHBORHOODS
Brooklyn's recovery has been uneven - some neighborhoods have seen declining housing prices. Capital new York reported that five of the ten poorest census tracts were in Brooklyn, including two in Brownsville. The city's poorest census tract is in Coney island, where the average income was $9,500 in 2011. Neighborhoods including Cypress Hills, East Flatbush and East New York have seen populations grow as residents are priced out of gentrifying neighborhoods closer to Manhattan. A more detailed list of neighborhoods with declining property values can be found here.
Declining neighborhoods may decline further, as they become attractive as centers of social services. The Brooklyn Bureau reported that high-poverty communities have cheap spaces that are financially enticing to social-service providers. Most homeless shelters are in low-income, high-unemployment neighborhoods of the Bronx and Brooklyn, East New York had nine shelters in 2011, but six of Brooklyn’s 18 community districts had even more: Bedford-Stuyvesant had 25 shelters and Brownsville had 19 (also, Ocean Hill, and Jamaica, Queens).
Industrial zones are meant to preserve space for industry, rather the conversion to hotel, retail, or residential uses.
According to the New York Times, hotels, retail, and residential uses are encroaching on the industrial zones established in 2004. A recent New York Industrial Retention Network LINK report says that although residential conversion is prohibited in 16 areas in the outer boroughs LIST THESE (does this have an adverse effect on property values?, non-industrial businesses are setting up shop. The industrial zoning was intended to keep real estate prices low, but as of 2009 industrial rents are up to $18 per square foot, which is double the price in 2000.
http://therealdeal.com/blog/2009/10/28/retail-businesses-set-up-shop-in-bloomberg-s-industrial-zones-according-to-department-of-small-business-services/
* CREATE A MAP OVERLAY OF THE INDUSTRIAL ZONES TO THE INDIVIDUAL NEIGHBORHOODS, AND ADD THIS TO THE INDUSTRIAL LIST
http://www.nycedc.com/sites/default/files/filemanager/Resources/Economic_Data/borough_update/BrooklynBoroUpdate_June2013.pdf
Most Active Neighborhoods
These neighborhoods are getting a lot of action! Just thought you should know about it.
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): $1,400/mo
Commute to Midtown: 38 mins
Spuyten Duyvil
South-West Bronx
Purchase (co-op): N/A
Purchase (condo): N/A
Rent (1BR): $1,400/mo
Commute to Midtown: 38 mins
Spuyten Duyvil
South-West Bronx
