Monday, January 7, 2013

Housing price spikes and dips in Brooklyn

From the Daily News:

Brooklyn home prices soared in several sought-after neighborhoods, but plummeted or stayed flat in more than half of the borough’s communities in the past eight years, new stats show.

The data from real estate website reveal a tale of three deeply-divided Brooklyns.

The biggest price spikes came in hipsterville Williamsburg, genteel Prospect Lefferts Gardens and surprising up-and-comer Gowanus where home prices surged 52% to $668 per square foot.

Disappointing drops occurred in solid middle-class enclaves like Mill Basin and Canarsie.

The most dramatic fall-off came in crime-riddled Cypress Hills, where home prices dropped 30% since 2004 to an average $147 per square foot.

At Brooklyn’s other extreme Gowanus - even with its notoriously polluted canal - saw a 52% surge in home prices to $668 per square foot.


Anonymous said...

Gowanus? PHEW!

What dumb hipsters are willing to pay for living next to sewage, etc. infused waters is unbelievable!

"Look...the Grande Canal...this nabe is the Venice of Brooklyn".


Anonymous said...

The problem with Brooklyn is that you've got some really great neighborhoods surrounded by jungle.

Mass transit routes pass through this hostile bush.

Getting to and from your home, can be like going on safari.

Anonymous said...

Aluminum siding, anyone?

"Little boxes made of ticky-tacky"...I'd rather live in the projects than call this row of shoddy shit, "home".

Anonymous said...

I guess white people would rather live near toxic Gowanus than near anyone of color.

Anonymous said...

YOU GOT IT, last poster!

Anonymous said...

I guess white people would rather live near toxic Gowanus than near anyone of color.


Well, yeah. Its safer.

Anonymous said...

Its called spillover from Manhattan. We live in an alpha city. We attract money and people from around the world. If we are to deal with Working/Middle class needs and rebuilding economic/commercial/industrial diversity while continuing to attract people and capital from around the country/world, we need to get our act together.

We don't invest enough in infrastructure, and have too much money siphoned away into arcane rules and regulations, the Mob and sweetheart deals. Just take a look at the costs of schools per sq ft and subways per mile built. Then we have the problem with fiefdoms on government that are bound to old ways and try to stop all attempts at efficiency and coordination.

Calin said...

Here's a link to the map cited in the article:,-73.9436368646481