With property prices climbing and housing inventory on the wane throughout NYC’s five boroughs, it’s no wonder property buyers are falling in love with Brooklyn’s adjoining Crown Heights and Flatbush neighborhoods.
These diverse hubs serve as an interception between the cozy “stoop life” of Brooklyn’s old world rowhouse dwellers (who left plenty of charming turn-of-the-twentieth-century architecture in their wake) and the cutting edge sensibility of vibrant and overlapping demographics that defines the borough’s sought after lifestyle.
Between schools, museums, parks and ample retail activity, there’s no shortage of allure in this neck of the woods- and it’s all accessible by public transit. Crown Heights’ bustling hipster hub, Franklin Street, will seduce the trendy at heart, while Flatbush’s spate of Caribbean restaurants are sure to win over the “foodie” crowd, but both areas’ community feel and family-friendly surrounds speak to a broad spectrum of first-time and non-luxury buyers.
While the neighborhoods’ historic districts- like Crown Heights’ picturesque President Street- are easy on the eye, investment properties and new residential or condo projects are likely to prove a little easier on the wallet. Easing their way into the real estate limelight, these hidden gems offer a welcome respite from astronomical property costs commonly found in other NYC neighborhoods.
Crown Heights and Flatbush’s bustling residential streets and eclectic inhabitants attract those newcomers drawn to the comparatively peaceful (and affordable) surrounds these areas offer, and the steady growth of small, flourishing businesses is the icing on the cake for many looking to purchase homes there.