The folks at PropertyShark are back again, this time with market numbers on Crown Heights. The neighborhood boundaries used were Atlantic to the north, Ralph Avenue to the east, Empire Boulevard to the south, and Washington Avenue to the west. The numbers show a gradual decline in median sales prices on homes after 2006-2007. (Although in the last two quarters of 2012 those prices were on the upswing.) One- to three-family home sales in the neighborhood topped out in 2007, with a median price around $700,000, and dipped in the third quarter of 2009, with the median price at $300,000. Apartment sales look a little stronger, with the median sales price topping out above $500,000 in 2010. This year apartment sales in the neighborhood rose, with the median price around $400,000 in the third quarter of 2012. And here are some interesting factoids: The most expensive block in the neighborhood is St. Francis Place, with a median price of $740,000 for seven sales since 2005. The most expensive residential sale in the neighborhood was the glassy three-family home at 914 Pacific Street. Click through for more graphs and a map with median sales prices this year for Crown Heights and surrounding neighborhoods.
Above, the median price for all sales in first through third quarter this year.
Brooklyn, one building at a time. Name: Originally Elephant Club, now ground floor retail Address: 1409-1411 Fulton Street Cross Streets: Marcy and Tompkins Avenues Neighborhood: Bedford Stuyvesant Year Built: 1888 Architectural Style: Romanesque Revival Architect: 1409 unknown, perhaps Sibell & Miller, who built 1411 Landmarked: No The story: In September of 1888, the Echo Bowling […]
Urban Market opened Friday at the foot of the Williamsburg Bridge at 11 Broadway. The 16,000-square-foot store is an offshoot of Key Food and aims to offer both upscale and basic items, according to a press release sent out by landlord L+M Development Partners. The store features a gourmet deli with a kosher section, a […]
This four-story brownstone at 789 Quincy Street has a nice amount of original detail, but looks like it could use a little polishing. The listing says it’s “fully functioning and awaiting your cosmetic upgrades.” It’s in the northeast corner of Bed Stuy near Broadway and the Gates stop. How do you like it and the […]
This three-bedroom condo at 1 Montgomery Place in Park Slope is very impressive. The 2,624-square-foot duplex has been carved out of a former mansion and includes a 750-square-foot private garden. The layout is much more generous than what you’d find in a typical brownstone and there are lots of original details. Asking price: $2,650,000. 1 […]
This nicely renovated three-bedroom in Crown Heights seems like a good value. The living room is well-sized, and its three windows help open up the room. That framed exposed brick behind the drywall is interesting too. The kitchen looks narrow, but the appliances are brand new and the island offers additional counter space. There are […]