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Apartment hunting in Brooklyn? You might want to check out Crown Heights, which has a lot of new residential development these days, with the completion of several ground up and newly renovated buildings. And prices there are lower than in neighboring Prospect Heights, a popular neighborhood that like Crown Heights hugs part of Prospect Park.
Along with new residential buildings—including luxury condo buildings like 111 Montgomery and rentals like 409 Eastern Parkway and The Olmstead Luxury Residences, there are new restaurants and stores opening their doors along the main drag, Franklin Avenue. And there are some great destinations here: Institutions like the Brooklyn Museum, and the Brooklyn Botanic Garden straddle the border of the two areas, and the Brooklyn Children's Museum, located in Crown Heights, is another favorite for families.
Other new developments here include The Museum House, a condo building with amenities like a common roof deck, private parking, and a creative space for children, and rental buildings 341 Eastern Parkway, 505 Saint Marks Avenue, and The Dean.
As for restaurants, newcomers include Screamer’s Pizzeria, a vegan pizza joint with another location in Greenpoint, and the newly opened Bar Meridian from Seth Geyer. Also set to open later this year is Rangoon, a Burmese eatery from Chef Myo Moe.
“Crown Heights is morphing into the new go-to destination thanks to all of this, as well as its opportunity to find homes for purchase at a greater value,” says Christine Blackburn, an agent at Compass.
She’s leading sales at 111 Montgomery, the area’s first, full-service condo building. Pricing for the building’s 163 units starts at $499,000. “We are seeing a lot of interest from people who are currently renting and realize they can own a home starting under $500,000 in the heart of a great neighborhood,” she says.
Thinking about making the move to Crown Heights? Then check out these five studios and one bedrooms that you can buy for under $600,000, or a lot less.
Listed for $499,000, this 480-square-foot studio (also pictured top) has white oak floors, quartz countertops, and Bosch appliances, and a Palm Springs-inspired bathroom with floor-to-ceiling stacked tiles and matte black hardware. It’s in a brand-new, full-service condo building with a co-working space, residents’ lounge, community garden, fitness center, wilderness-themed children’s playroom, landscaped roof, parking, storage, and bike storage. Common charges are $437 a month. Taxes are $333 a month.
Features of this $569,000 one-bedroom, one-bath condo include 10-foot ceilings; exposed brick; an open, windowed kitchen; and in-unit laundry. The apartment is located in a pet-friendly condo building with common storage and bike storage in the basement. Common charges are $348 a month. Taxes are $160 a month.
Priced at $499,000, this newly renovated one-bedroom, one-bath co-op has a windowed kitchen with stainless steel appliances and quartz countertops, three bay windows in the living space, and oak flooring. It’s in a co-op building with laundry in the basement. Maintenance is $760 a month. No dogs allowed.
The asking price of this one-bedroom, one-bath co-op recently dropped by $15,000 and is now $495,000. The top-floor unit has high ceilings, six south-facing windows, a windowed kitchen with stainless steel appliances, hardwood floors, a renovated windowed bathroom, and lots of closet space. It’s in Prospect Court, a five-story, 56-unit elevator building with keyless entry, an intercom, a common outdoor courtyard for dining and grilling, a laundry room, bike storage, and a full-time super and handyman. Maintenance is $822 a month.
This $425,000 one-bedroom, one-bath condo has nine-foot ceilings, recessed lighting, double-paned windows, stainless steel appliances in the kitchen, heated floors in the bathroom, and individually controlled split-unit A/C and heat. The apartment, which comes with a storage space, is located in a new boutique condo building with a central laundry room. Common charges are $279 a month.
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