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Crown Heights still relative bargain if you’re buying a place? — Brooklynian

Crown Heights still relative bargain if you’re buying a place?

scrollie
scrollie
edited November -1 in Crown Heights/Prospect Lefferts Gardens
At least that's what Brokelyn says: http://brokelyn.com/bushwick-crown-heights-still-relative-bargains-youre-buying-place/Their source is Brick Underground: http://www.brickunderground.com/blog/2014/02/9_nyc_neighborhoods_where_buys_are_a_bargain_and_why
Brokers chalk up Crown Heights’ affordability—its median sale price is about $356,000—to a lack of services, such as restaurants, bars and other stores, that would attract a buyer looking for something more than just a bargain. Jonathan Tager, a broker at MNS, points to a recent experience marketing a 19-unit new development where one-bedrooms were asking $189,000. “There was nowhere to get your bacon, egg and cheese in the morning; there was nowhere to get your cappuccino,” he says.
With Hello Living launching >$800k two-bedrooms across the western end of the neighborhood, can anyone point me to these relative bargains?

Comments

  • nothinlikeabklyngirl
    nothinlikeabklyngirl
    Tager's talking about a development that was marketed three years ago. Haven't seen prices like that since, even in the same same building (there have been two resales that went for 14-17% more). On an unrelated note, it drives me crazy when people act like everything not in the westernmost slice of Crown Heights is a desert. Of course there was a place to get a bacon, egg, and cheese. There were two old-school coffee shops, not counting your choice of bodegas, on the closest avenue. But no, there was no fancy place. Anyway, I think there are still some bargains. They're a lot farther east than some people are willing to consider, though. A friend bought a house on Buffalo for less than $400K last year.
  • scrollie
    scrollie
    Yeah, the whole tone was a bit condescending. Just because there's no hipster brunch spot doesn't mean a place is a lifeless desert.
  • whynot_31
    whynot_31
    These two things are often true: 1. Brunch places usually follow people with disposable income, not precede them.2. Relative bargains usually precede brunch places, not follow them.
  • Dawndew
    Dawndew
    Its making a stressfull descision to buy a home that needs massive repair funny and lite. So what?
  • nothinlikeabklyngirl
    nothinlikeabklyngirl
    Who said anything about massive repair? Tager was talking specifically about a new development.
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