Prices Near Park - Take 2
Why are house prices lower near the park by the parade grounds then in Ditmas by Cortelyou? Originally posted By esdad697 on September 29, 2010 2:20 PM
Why are house prices lower near the park by the parade grounds then in Ditmas by Cortelyou?
Originally posted By esdad697 on September 29, 2010 2:20 PM
dear ‘invisible’ —
‘I would not characterize it like a war zone by any means, … a lot of people want to stay west of the B/Q subway and east of coney island ave and south of church.’
you dont think of newkirk (or similar) as ‘prime’ victorian now do you? really?
almost agree w/ above. you’re forgetting about those pesky caton parkers (north of church ave, near parade grounds). they love it it seems, and aren’t in a hurry to sell out…
shortly, those folks will look like mensa members and the rest of us will be saying ‘would-a, should-a, could-a’. home prices there are going nowhere but … UP!!
bklynite and slick: you are kidding yourself about the schools further in victorian fltbsh. there is not a 321 or a mark twain in sight– private schools anyone?
so, who is selling in caton park anyway? i’d love to know!! driveways or an attic anyone?? it would be great to live or even invest over there!
Posted by: Brooklander at October 3, 2010 2:49 AM
closer to cortelyou is also a better zone for schools. when you are talking about large houses, they tend to have multiple children so the zoned school district makes a difference.
exactly what Bklnite said. its the low income houses. less educated minority neighborhood. higher crime. Caton and Church bring folks across from fair places such as brownsville and east new york. (Ditto for Flatbush ave bringing bed stuy folk etc) There was a livery cab driver shot on Caton this summer, a week ago a woman was shot by two men in hoodies at Albermarle and E 18 st. Stuff like that.
combined with the fact (IIRC) Beverly square west has a private security patrol, etc.
I would not characterize it like a war zone by any means, it is quite livable, but just talking about the difference in values. I think a lot of people want to stay west of the B/Q subway and east of coney island ave and south of church.
The houses in Prospect Park South, which is nearer to Cortelyou than the Parade Grounds, are in general nicer homes than those just north (and still only a few blocks from the park). They are in general larger and grander, and are in a nicely laid-out series of blocks with wide arcades of trees, etc. Because PPS is landmarked, there are fewer ugly remuddlings compared to the non-landmarked streets to the north, not to say that those blocks are ugly. There are more amenities on Cortelyou than on Church Ave, so that might be part of the explanation as well, though I suspect that is less of the reason than the housing stock itself.
I was curious why you get an error clicking on the original post from yesterday, but to respond to the question posted by esdad697…
It can vary block by block and house to house, but in general, some people may think of houses near the parade grounds as being too close to big apartment buildings with a lot of low income folks, and close to the perceived sketchiness of Church Ave., while Cortelyou Rd. has gotten a little more trendy in recent years with some new restaurants, etc.
Houses inside the PPS historic district used to be significantly more expensive than houses further south (and many of them are bigger, accounting for some of the difference) but it seems that gap has narrowed.