Brooklyn is arguably the most charming of the five boroughs in NYC. It’s close enough to Manhattan for easy commutes, but it allows for a slower-paced lifestyle. It’s comprised of more than 30 neighborhoods, each one offering something a little different. When Jody Kriss and East River Partners set out to restore and renovate some of Brooklyn’s historic homes, they largely focused on a few of the borough’s most outstanding neighborhoods. If you’re considering a move, these are 3 outstanding Brooklyn neighborhoods chosen by Jody Kriss:
1. Park Slope
For several decades, Park Slope has been earning a reputation for quality, though nowadays it tends to draw young professionals who want a family-oriented neighborhood to raise their kids in. It’s a very picturesque area, with Prospect Park’s lush greenery providing a safe and inviting place for gatherings. It is one of the very few places in all of NYC that offers a small-town feeling. There’s even a year-round farmer’s market just off of Prospect Park. Park Slope is also home to two prestigious schools, Public School 321 and a private institution, the Berkeley Carroll School. Many iconic brownstones, such as the ones that Jody Kriss and East River Partners worked on, line the avenues. Park Slope has historically been one of the more expensive neighborhoods in Brooklyn to move into. The latest market trends from Trulia indicate that the median sales price sits at about $1.2 million, whereas Brooklyn, as a whole, is closer to $700,000.
2. Carroll Gardens
Near Brooklyn’s central-west waterfront sits Carroll Gardens. Due to its proximity to Boerum Hill and Cobble Hill, locals often throw all three together and call them “BoCoCa.” It has become a hotspot for urban professionals, though people who move there tend to put down roots. One local resident told the New York Times that it’s the kind of place where strangers will invite you in when they see you out for a walk. Generally, it’s a simple offer of coffee or a pastry, but, “Sometimes they would invite us to dinner,” he added. Public School 58 and the New Horizons School are also performing fairly well, with both earning an “A” on recent progress reports. As with Park Slope, brownstones are a popular draw, though Trulia reports that the median home price now sits slightly above Park Slope, at about $1.3 million.
3. Fort Greene
Fort Greene is often recognized for its brownstones as well, though newer developments include mixed-use towers. During the 1950s and 1960s, the area was largely populated by artists and musicians, though few of the original inhabitants remain today. According to the New York Times, around 85% of the homes have changed hands since 1985. The housing crisis caused a large number of foreclosures and, as the area improved, many others left for less-expensive areas. Fort Greene is often thought of as an up-and-coming neighborhood, as it has come a very long way in recent years, though it still holds a lot of its ethnic and cultural roots. Residents take advantage of the sprawling Fort Greene Park, and enjoy an eclectic mix of shops and restaurants, though fresh additions, like the Polonsky Shakespeare Center, are providing more refined alternatives. The schools are still developing somewhat, with the Academy of Arts and Letters on Adelphi Street earning a “B” on its latest progress report. According to Trulia, the median price for a home is about $1.24 million, though it’s likely to increase as more developments are made.
It’s fairly easy to see that, although there are some dips and rises, these three neighborhoods are following the housing trends seen across all of Brooklyn. The hard work that developers like Jody Kriss and East River Partners have put in have helped increase housing stock, but the areas remain in high demand. Now is a great time to get into the neighborhoods, though experts expect market trends to continue, which means it will only become more difficult to grab a property.