Top Five Stories on Brownstoner This Week: What Affects Brooklyn Home Prices

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    Map: Subway and Development, More Than Crime, Affect Home Prices in Brooklyn
    Think you know what has the biggest impact on property prices? You might have to think again. Subway service (or lack of it) is one of the most powerful factors driving the most dramatic decreases in property prices in Brooklyn neighborhoods over the past decade. New developments go hand in hand with the biggest price jumps.

    Park Slope House for Sale -- 882 Carroll Street
    Magnificent Park Slope Limestone With Henrybuilt Kitchen Asks $4.999 Million
    Up for viewing is a Park Slope limestone on a prime park block, at 882 Carroll Street. There are many a grand home on those park blocks — this one fits the bill and is in pristine condition to boot. Parlor floor details include a pair of fireplaces, moldings, pocket doors, wainscoting, stained glass, triple bay windows and gleaming parquet floors with inlays. It should be noted that the staircase, per the listing, “has been artfully refashioned to create a voluminous eclectic gestalt.” What that means we couldn’t tell you, but we’re passing it along.

    clarendon-road-tour-062014
    The 14 Most Affordable Neighborhoods in Brooklyn
    There are only two neighborhoods in Brooklyn where the median price per square foot is less than $200. And you’ve probably never heard of either of them. Where can a Brooklyn buyer on a budget buy a home for less than $200 a square foot these days? That works out to be a whole house for less than $500,000 or an apartment for less than $200,000.

    East New York Affordable Housing
    De Blasio Promotes East New York Rezoning Plan to Skeptical Locals
    Mayor Bill de Blasio journeyed to East New York Sunday, October 4, to explain his affordable housing plan to residents, face to face. The pews of St Rita’s Roman Catholic Church were nearly filled with listeners. The church was strategically selected not just for its spacious chapel, but also its location at the border of the East New York community de Blasio plans to rezone in an effort to bring 6,000 new apartments — half of them affordable housing — to the area.

    Thaddeus Young Brooklyn Heights
    5 Things Nets Star Thaddeus Young Needs to Know About Living in Brooklyn Heights
    Brooklyn Nets player Thaddeus Young bought a $5,400,000 condo in Brooklyn Heights’ One Brooklyn Bridge Park earlier this summer. Apparently he’s already learned that the Atlantic Antic doesn’t make for a fast commute and that Brooklyn Bridge Park is a great place to let the kids cut loose. But there’s more to life in Brooklyn Heights. To help Young get hip with the Heights crowd, we’ve put together a handy guide of five things he needs to know about his new ‘hood right now.

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