Park Slope: The Canary in the Coalmine
When we talk about the Brooklyn neighborhoods that are likely to fair best in the market downturn, blue chips like Brooklyn Heights and Park Slope are typically mentioned. But a New York Magazine article yesterday suggests that it’s all relative. While Park Slope may be holding up better than, say, Bedford Stuyvesant, it’s evidently doing…
When we talk about the Brooklyn neighborhoods that are likely to fair best in the market downturn, blue chips like Brooklyn Heights and Park Slope are typically mentioned. But a New York Magazine article yesterday suggests that it’s all relative. While Park Slope may be holding up better than, say, Bedford Stuyvesant, it’s evidently doing a whole lot worse than Tribeca, which is the article cites as the richest neighborhood in the city. As the chart, at right, shows (with data provided by Streeteasy), one-bedrooms are up 23% over the past year in Tribeca while they’re down 2% in the Slope; three-bedrooms are up 26% in Tribeca and down 14% in Park Slope. Does this suggest a relative weakening for Brooklyn as a whole versus Manhattan going forward?
Where Boom Meets Bust? [New York Magazine]
This is pathetic. you nay sayers need to get a life. all you do is complain about everything. Park Slope is an amazing neighborhood with lots to offer.
i don’t agree w/ the comparison of park slope to tribeca only because the prices in the city are so much higher than anywhere else. i would like to know the price ranges they used and why they chose to compare these two neighborhoods (i haven’t read the article yet).
Please be civil
I think Vegas has the over/under at 240 posts.
Fucking Park Slope stroller moms. Them and their smugness and their suffocating sense of entitlement. Bitches.
there is way too much talk about park slope on this site. who cares about park(stroller) slope?
Listen you visually impaired SOB, keep it up and I’ll make sure you end up completely blind, not just partially.
I expect prices in Park Slope and nearby neighborhoods to crash to the point where young college-educated couples in their early 30s can actually afford to buy rowhouses there, even if they are not hedge fund traders. And those with somewhat lesser incomes, the proverbial cops/firemen/small shop owners, can afford to live in 2 Br condos.
And I don’t see that as a problem.
good one 9:16!
Guest 9:18 what makes you the authority on everyone on this board? I agree with the faded type commentator.