Flatbush: Bargain Hunters’ Paradise?


    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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