As the trickle down effect makes its way through Brooklyn, buyers who are priced out of some of the primer parts of Brownstone Brooklyn have gone hunting in some of the nearby neighborhoods, including the areas by Prospect Park’s Parade Grounds. Looking to stretch their dollars, buyers have targeted Ditmas Park, Prospect-Lefferts Gardens and Kensington in search of housing.

This week’s report focuses on Park Circle at Prospect Park, a 30+ unit condominium located at 346 Coney Island Avenue. Units range from a 900-square-foot 1-bedroom, 2-bath to a 1,680-square-foot 3-bedroom, 2-bath. Prices run from $380,000 to $975,000 while maintenance runs from $293/month to $547/month and real estate taxes from $10 to $20/month.

Most units feature outdoor spaces to take advantage of their view atop the southern tip of Prospect Park. There is a doorman, available parking, washer/dryers and a video security system. This address is zoned for PS 130 at 70 Ocean Parkway and JHS 62 at 700 Courtelyou Road per the NYC Department of Education website. As for transportation, the building is located 3 blocks from the F stop at Ft. Hamilton Parkway or a long 3-block walk to the Q at Parkside Avenue.

Brownstoner readers in the past have lamented the lack of quality amenities nearby, like restaurants and grocers. Coney Island Avenue is also quite a commercial street with gas stations, auto body shops and has its share of run-down storefronts. On the positive side, easy access to the Park is incomparable, and if you’re an avid tennis player, the indoor tennis courts are a few blocks away.
New Developments [Corcoran] GMAP
New Condos on CI Avenue [Brownstoner]

Every Thursday, ltjbukem, whose own blog Set Speed scrutinizes the progress and quality of new developments in the area we know as Brownstone Brooklyn, pens a guest post about goings-on in the condo market with an emphasis on new projects.