Spotlight on Greenwood Heights
We missed Friday’s profile in The Journal about Greenwood Heights, which positions the neighborhood as a cheaper, quieter alternative to the Slope. With reference to real estate values, the article cites StreetEasy stats saying houses in the neighborhood are listed for a median of $536 a foot, as opposed to the $673-a-foot median in the…
We missed Friday’s profile in The Journal about Greenwood Heights, which positions the neighborhood as a cheaper, quieter alternative to the Slope. With reference to real estate values, the article cites StreetEasy stats saying houses in the neighborhood are listed for a median of $536 a foot, as opposed to the $673-a-foot median in the Slope. It also touches on Greenwood’s recent retail and bar/restaurant openings, like the Lucali spin-off Giuseppina’s. Still, some in the area say they hope for more openings and services. Aaron Brashear, co-founder of Concerned Citizens of Greenwood Heights, says he still does most of his shopping in the Slope, and that the many new developments that sprang up in the neighborhood in the past several years haven’t had a “huge kind of boom impact” in terms of shopping options.
Greenwood Heights Rachets Up Pace a Tad [WSJ]
Photo by shootingbrooklyn.
’tis a nice place even though I don’t believe there is really such a place called greenwood heights 🙂
Also- that truck in the picture is a gem. Love seeing that thing parked around town.
Agreed. It is unfortunate that if you were not able to purchase property in the neighborhood pre-boom (or early on) the cost of the property + the amount needed to bring the life back into some of the older stock is too much.
Had friends who bought in 2003 in the mid $300s (we thought they were crazy), then put 80K into the reno.
With they way the market is now, they could not even touch the same house for $600-700K, even in the same original condition.
Still an affordable ‘nabe, even if you are not jonesing for Park Slope.
We lived on 6th ave in Greenwood for 3 years. It was a great introduction to the Park Slope vicinity, and Brooklyn in general. We enjoyed a deep rent discount relative to Park Slope by staying south of the Prospect Expressway. Yes, we often had that “we always go to Park Slope for everything, so why don’t we just move there” conversation, but when we paid rent every month, we were reminded of the fact that being within reasonable walking distance to the amenities on 7th and 5th aves was just fine. If anything, Greenwood is an amazing “starter” neighborhood for anyone who wants to live in Park Slope but doesn’t want to pay PS rent. Unfortunately, one bedroom developments like these are counterproductive when it comes to developing a sustainable and diverse residential community. Young couples who buy these units will likely “upgrade” to Park Slope once they have families, as the stock of quality housing in this area is quite limited. We looked at many reasonably priced framed houses but the repairs required to restore the condition of many of them were cost-prohibitive.
@Edmiha:
It’s just the WSJ pushing their real estate section (and profession in general). NYT does this all the time (in fact has done this area in 2005).
Take it for what it is…advertorial for brokers in the area.
Edmiha;
Navel-gazing is very much in vogue these days.
The amount of real and virtual media ink expended these days on the goings-on in a tiny area of Brooklyn is ridiculous. Hey, there are a couple of new businesses on 6th avenue? Let’s write it up in the Wall St Journal! I wouldn’t expect my neighborhood news to be extensively covered by the papers of record in a city of 8 MILLION PLUS, but covered it is. What’s next? Will the Times be doing a piece on the multi-family stoop sale happening next Saturday on my block? Hey, it’s Park Slope; why not?
my hood.
rob: Green-Wood borders our place to the south and east, perfect (quiet) neighbors.
quote:
sprang up
lol. that neighborhood has way too many dead people.
*rob*