As one of the world’s most diverse and eclectic places to live, Brooklyn draws students, young families and professionals of all ages to its well-established neighborhoods. One of New York City’s five boroughs, Brooklyn has outpaced its formerly tough reputation to achieve a more community-oriented, cultural and comfortable vibe. Brooklyn is a great place to find affordable apartments for sale in New York, and homes for sale Brooklyn represent a solid financial investment too.
Each of the neighborhoods in Brooklyn exudes a character with unique appeal. Bordered by the waters of Jamaica Bay, Upper and Lower New York bays, and the East River, the borough sits to the southwest of Queens.
Greenpoint is the northernmost section of Brooklyn, home to McCarren and McGolrick parks. Oliver Hazard Perry School, the oldest public school building in continuous operation in New York City, contributes to the area’s historic heritage.
As a picturesque location, Greenpoint is a popular setting for feature films. Young professionals, writers and artists in search of affordable housing often settle here.
Northwest Brooklyn encompasses Brooklyn Heights, Downtown Brooklyn and DUMBO — down under the Manhattan bridge underpass. The latter combines warehouse space, galleries and upscale condos. Brooklyn Heights, which includes Brooklyn Bridge Park, is home to brownstones and co-ops as well as more traditional single-family dwellings. Downtown features one of the largest central business districts in the New York municipality.
Central Brooklyn boasts historic Clinton Hill, a vibrant arts community and the Pratt Institute. The Wallabout section of Clinton Hill is an up-and-coming area in terms of real estate. Robert E. McNair Park, the Brooklyn Museum and the Brooklyn Botanic Garden are all located in this area of the borough.
Bushwick-Williamsburg is another area with great residential possibilities. A recognized cultural center, Williamsburg boasts a mouth-watering array of restaurants, eclectic boutiques and live music clubs. It stretches from the East River to Bushwick Avenue, sandwiched to the north and south by McCarren Park and Flushing, respectively.
Flatbush, located in the heart of Brooklyn, is perhaps the most economically varied and demographically diverse of all Brooklyn neighborhoods, according to the New York Times. It is a place where housing bargains may still exist for those who are persistent. In the south end of Flatbush near Brooklyn College, gracious Victorian houses and colonial architecture dominate.
With over 200 institutes of higher education within 25 miles of Brooklyn, it is no surprise that many college students live there. Within the borough itself, ASA College, CUNY New York City College of Technology, LIU Brooklyn, St. Francis College and Pace University offer learning opportunities.
Top-rated Brooklyn K-12 schools include P.S. 172 Beacon School of Excellence, a public elementary school in the Southwest sector and I.S. 98 Bay Academy, a public middle school in Southern Brooklyn. Bedford Academy High School in Southern is among the borough’s top-rated upper schools.
Area charter schools include Success Academies for early elementary grades, located in several of the neighborhoods, Hellenic Classical Charter School for grades K-8, and Achievement First Bushwick Charter School for K-12.
Accessibility and Public Transportation
Residents of Brooklyn have a host of transportation options. The subway offers the most complete network of routes. Water taxi service from Manhattan is available, and the East River Ferry shuttles between Brooklyn and Manhattan.
Brooklyn locals use private car service more often than taxis because it is less expensive and more user-friendly. Cycling and walking are great options too.
What It Is Like to Live in Brooklyn
Living in Brooklyn means different things for different people, depending on what they are looking for. Outdoor enthusiasts enjoy the many parks, walks through serene neighborhoods or cycling sojourns across the bridge to Manhattan. People with a strong sense of community are likely to find committees to join and causes to champion in Brooklyn’s close-knit neighborhoods.
The vibrant shopping, dining and socializing opportunities available in the borough appeal to many. Close proximity to Manhattan means more entertainment is just minutes away.
Young families feel at home in the quiet neighborhoods. Artists, musicians and writers find inspiration in Brooklyn’s vibrant arts scene.
Options in Brooklyn Real Estate for Sale
Newly developed Brooklyn real estate for sale includes phase two of Parkside at Prospect Park South, consisting of 130 studios through three-bedroom residences. Avalon Willoughby Square in Downtown Brooklyn offers 326 new homes for sale Brooklyn while 288 19th Street, a triplex of apartments in the South Slope neighborhood, are offered at $1.45 million, according to Curbed New York. The development at 50 Greenpoint offers new apartments averaging $700,000.
The first quarter of 2016 saw more homes for sale due to inflated property values, which kept the median cost from rising further, according to the 1Q16 Corcoran Report. The median price for Brooklyn real estate was just over $600,000.
However, average time on the market – as little as 46 days in the Park Slope neighborhood — suggests such apartments for sale in New York are in demand while supplies remain limited. The Williamsburg and Greenpoint neighborhoods enjoyed the largest increases in residential sales and a 33 percent increase in inventory.
Advantages of Owning Property in Brooklyn
Brooklyn real estate for sale offers property owners the comfort of closely knit communities, the culture of a vibrant past, great green spaces and solid schools. Short commutes to work, rising property values and a diverse population add to Brooklyn’s allure.
And of course, these benefits apply to apartments for rent in Brooklyn as well.