Trends in Bedford – Stuyvesant show a 21 year-over-year rise in median sales price and a 0 rise in median rent per month. The median sales price for homes in Bedford – Stuyvesant for Feb 5 to May 4 was 731,500 based on 34 home sales. Average price per square foot for Bedford – Stuyvesant was 624, an increase of 14 compared to the same period last year. Bedford – Stuyvesant, Brooklyn, NY real estate market data. Research home values, listing prices, avg. home sale prices, and on-demand neighborhoods on Trulia. Still, as Munsey points out, Bed-Stuy real estate is cheaper than just about any other brownstone-filled neighborhood in Brooklyn. The couple has caught the neighborhood in a time of flux, in which a strong real estate market, quickly rising prices and new commercial offerings spell a new future for the old area.
Barbara Sidbury has always lived in Bedford-Stuyvesant, Brooklyn, and owns her building. Credit Kirsten Luce for The New York Times. New construction across Manhattan, Queens and Brooklyn; kitchens for real cooks and high- 15 Predictions for NYC’s Housing Market in 2015. A new study finds that home prices in Bed-Stuy have risen more than any other metropolitan area’s since 2004. The price for a single-family home is up a whopping 194 percent.
But in Brooklyn, the housing market barely broke its stride. Supply and demand is supposed to be an immutable truth, yet a well-documented boom in development has done little to stop spiraling prices. It’s not like Bed-Stuy or Bushwick are good investments anymore. If you look at existing rents versus existing sales prices, you’re losing money, he said, pointing to listings in the neighborhoods that exceed 1 million. This is primarily due to its (as of now) affordable housing stock, much of which includes brownstones. Children’s museum, Brooklyn Museum, Botanic Gardens, Farmer’s Market. Bed Stuy has going for it is how seriously invested the real estate machine is in that area. These increases are indicative of very strong emerging markets.
In Bed-stuy Housing Market, Profit And Preservation Battle
So big it can be many places at once?a real estate investors haven, a renters dream, or an architectural lover’s value neighborhood. View Market Reports. Listings for Sale or Rent in Bedford – Stuyvesant. Halstead Property is the largest privately owned real estate firm in the New York Metropolitan Area and we strive to reinvent the real estate experience. The Real Deal recently interviewed our very own Ban Leow on Brooklyn’s booming Bedford-Stuyvesant neighborhood. The condo market will flourish in the years to come in Bed-Stuy. More and more are being built around the northwest side of Bed-Stuy. Search for Bedford/Stuyvesant Commercial Real Estate for sale, lease and rent on LoopNet.com. Learn How to Make Your Real Estate Money Go Beyond Brooklyn. Oct 20, 2015. It’s sure to contribute more cultural cool vibes and smooth rhythms to BedStuy. You can find all the available Bed Stuy real estate listings, search Bed Stuy homes for sale, and get lots of insight about the Bed Stuy real estate market at Exit Links Realty. For example in the years following the 2001 Dotcom Bubble both Bed-Stuy’s and Crown Heights’ real-estate markets started blowing up.
The Brooklyn Real Estate Bubble Will Never Pop: Gothamist
Bed-Stuy also led the Brooklyn market for the greatest growth in property sales, followed by Greenpoint, Williamsburg, and Brownsville, according to the report. Another day, another round of head-spinning news about Bed-Stuy real estate. Further proof that even in New York’s overheated market, the situation in Bed-Stuy is particularly bonkers: Yesterday, the New York Observer reported a new era of higher-end townhouse renovations in the area (with price tags edging towards the 3 million mark), on the same day Brownstoner spotted harshly worded anti-gentrification fliers papering the area. The Stuyvesant Heights historic district of Macdonough, Bainbridge and Chauncey is landmarked Lewis Avenue between Macdonough and Decatur was once named the Greenest Block in Brooklyn but there are beautiful historic brownstones scattered throughout Bed-Stuy. 8 more Grocery Stores and Markets. Posts about Real Estate written by BSBlog. Two (Yeah, Only Two) Affordable Rental Units on the Market in Bed Stuy.
The Bedford-Stuyvesant real estate market is thriving and the territory itself is expansive: bounded by Flushing Avenue on the north; Atlantic Avenue on the south, Broadway to the east and Classon Avenue to west. You can find all the available Bed Stuy real estate listings, search Bed Stuy homes for sale, and get lots of insight about the Bed Stuy real estate market at EXIT Realty Success.