Flatbush: Bargain Hunters’ Paradise?

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    This weekend’s profile of Flatbush in the Times (which defines the area’s ambiguous boundaries as Ocean Avenue, New York Avenue, Parkside Avenue and Avenue H) characterizes it as a place that’s becoming more attractive to buyers priced out of Manhattan and other parts of Brooklyn. According to a Century 21 broker, prices are hovering around $120,000 for one-bedrooms, $170,000 to $190,000 for two-bedrooms, $450,000 for one-family houses and $600,000 for two-family houses. Some recent transplants say they’ve also been won over by Flatbush’s diversity and retail offerings (which will soon include a new Target). The area’s primary lure, though, is its affordability. As one investor says, Where else do you find a one-bedroom in the mid-$100s, or if you’re a couple with a couple of kids, a two-bedroom for $200,000? Have any readers snagged a deal they’d care to brag about? What are the nicest old co-op buildings in the area?
    Note to City Dwellers: Steals Available Here [NY Times]
    Photo by Rob Hoey.

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