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 PropertyShark.com 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.