Brooklyn

Despite the best efforts of our resident troll (who gets more insane every day), all signs point to boom times in Prospect Lefferts Gardens. Of the five houses listed currently on Brown Harris Stevens, for example, three are in contract (including this place that has been on the market forever) and another (the Ocean Avenue house featured in OHP two weeks ago) is tied up in a bidding war somewhere between 5 and 10 percent over ask. One reader who hit a bunch of the open houses this weekend said they were crawling with young couples priced out of Clinton Hill and Fort Greene and drooling at the comparatively low prices and proximity to the park. (New York Magazine was way out in front of this one back in ’05.) If you’re a long-term believer in Brooklyn, it’s hard to see how you can go wrong with PLG. But…are prices outpacing the reality of infrastructure, amenities, etc. or is the rest of the world just waking up and coming to its senses? (We would encourage people to sign in for discussions on this one as our little PLG toad will most likely be firing away full throttle in his best efforts to disrupt civil discourse.)
Photo from Planet PLG 2006 house tour slide show.