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By Accord Real Estate Group
 

Boerum Hill Market Update

April 7th 2019
Tags: Real Estate News, All about Brooklyn New York, Brooklyn Real Estate

The best way to describe Boerum Hill, the gem of a Brooklyn, NY neighborhood is the perfect blend of historic homes and modern Condominium buildings, affluent, but with a laid back vibe, having a very familial atmosphere with many great restaurants, lively cocktail lounges and unique independently owned specialty stores along Smith Street and Atlantic Avenue.

Real Estate values in Boerum Hill are high with strong demand and a limited supply of available properties.

More and more New Yorkers are being drawn to this quiet, pristine area every day. There are excellent connections to the rest of the city via the A, C, F, G, 2, 3, 4 and 5 trains at the Atlantic Avenue Barclay Center subway station.

Some examples of asking prices for real estate in Boerum Hill in today’s market are:

For a 1 family townhouse with 5 rooms, 2 bedrooms and 2 baths, asking is $1.679M, for a 3,039 square foot 15 room, 4 bedroom and 3.5 bath, asking is $2.795M, for a 9 room, 3 bedroom and 3.5 bath gut renovated home, asking is $4.250M, for a 3,600 square foot, 17 room, 5 bedroom and 3+ bath, asking is $4.750M and for a 3 story, gut renovated,  17 room, 6 bedroom and 6 bath, asking is $5.3M.

For a 2 family home with 3,300 square feet, 12 rooms, 4 bedrooms and 2.5 baths, asking is $3.195M.

For a 4 family home with 3,600 square feet, 14 rooms, 8 bedrooms and 4 baths, asking is $2.280M and for a 3,789 square foot home asking is $3.8M.

For a mixed use building with a ground level commercial space and residential apartments above, with 2,600 square feet, 8 rooms, 4 bedrooms and 2+ baths, asking is $4.199M.

For a Co op apartment with 3 rooms, 1 bedroom and 1 bath, asking is $600,000, for a 800 square foot, 3 bedroom and 1 bath, asking is $789,000, for a 3 room, gut renovated, 1 bedroom and 1 bath, asking is $989,000 and for a 1,400 square foot, 4.5 room, 2 bedroom and 1 bath, asking is $1.195M.

For a condominium apartment with 400 square feet, 2 rooms and 1 bath, asking is $550,000, for a 609 square foot, 3 room, 1 bedroom and 1 bath, asking is $695,000, for a 714 square foot, 3 room, 1 bedroom and 1 bath, asking is $875,000, for a 768 square foot, 3 room, 1 bedroom and 1 bath, asking is $995,000, for a 975 square foot, 4 room, 2 bedroom and 2 bath, asking is $1.165M, for a 1,085 square foot, 6 room, 2 bedroom and 2 bath, asking is $1.2M, for a 1,080 square foot, 4 room, 2 bedroom and 2 bath, asking is $1.425M, for a 1,424 square foot, 3 bedroom and 2.5 bath, asking is $1.9M, for a 1,574 square foot, 5 room, 3 bedroom and 3 bath, asking is $2.250M, for a 1,705 square foot, 5 room, 3 bedroom and 2,5 bath, asking is $2.695M and for a 2,035 square foot, 7 room, 3 bedroom and 3 bath, asking is $3.250M.

There are several new beautifully designed and built Condominium buildings in Boerum Hill. A few of them are:

Due to be completed this month there is a 14 story, Morris Adjmi design building located at 211 Schermerhorn Street. This building will have 1-3 bedroom units and the amenities include a roof terrace, media room, game room, fitness center, yoga studio, children’s playroom, laundry and a bike room.

The Hendrik, built in 2017 is located at 509 Pacific Street. This 6 story building contains 33 condos. The project was designed by Beyer Blinder Belle in a sophisticated, Danish minimalist style with superior craftsmanship. Amenities include 24 hour doorman service, state of the art fitness room, children’s playroom & library, residents lounge, bike storage, landscaped rooftop terrace and a pet spa.

The Boerum is a 19 story condo/hotel located at 265 State Street. The building was designed by Flank. Starting on the 7th floor there will be 28 condos and a total of 128 apartments.

The Bergen is an 8 story rental property located at 316 Bergen Street. The building was designed by Eren Chen’s ODA. There will be studio apartments, 1 and 2 bedroom apartments. Amenities include a landscaped rooftop deck with cabanas, private dining areas, outdoor shower and barbeque area, fitness center with an outdoor workout space and yoga deck, a landscaped outdoor lounge, a media lounge with a wet bar and entertainment area, full time doorman, concierge service, laundry areas and onsite parking.

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

 
Thank you,
Accord Real Estate Group
Your Brooklyn Realtors