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By Accord Real Estate Group

Brooklyn’s Crown Heights

March 9th 2018
Tags: All about Brooklyn New York, Brooklyn Attractions, Brooklyn Real Estate

Today’s Crown Heights is nothing short of magnificent, diverse, evolving and a very exciting neighborhood to live, work and play in.

Crown Heights sits next to Prospect Heights to the West, Flatbush and Prospect - Lefferts Gardens to the South, Brownsville to the East and Bedford Stuyvesant to the North.

Crown Heights has a history of being a fashionable residential neighborhood beginning in the early 1900’s. As opposed to other Brooklyn neighborhoods with elevated subway lines, Crown Heights benefitted by having it’s trains (the Eastern Parkway 2,3,4 and 5 trains) in a subway structure.

Today’s Crown Heights is still served by the IRT Eastern Parkway Line. The Nostrand Ave  line with subway stations at Franklin, Nostrand, Kingston and Utica Avenues on Eastern Parkway (2,3 ,4 and 5 trains) as well as Nostrand  Avenue at President  and Sterling Streets (2 and 5 trains).

The bus lines that serve the area are the B12, B14, B15 ,B43 ,B46, B47 and B65.

Crown Heights is a cultural and recreational paradise bordering Brooklyn Botanical Garden and Prospect Park, with the Brower Park, Wingate Park, Parkside Playground, The Brooklyn Museum (The David Bowie exhibition just opened and runs through July!), Brooklyn’s Children’s Museum, Jewish Children’s Museum and the incredible Brooklyn Public Library on Eastern Parkway.

Some of the top public schools in Crown Heights are ;

  Success Academy Crown Heights which serves grades Charter, K – 4

P.S. 189 Lincoln Terrace which serves grades K – 8

P.S. 138 which serves grades 1-8, OK, PK and SE

Medgar Evers College Preparatory which serves grades 6 – 12

Brooklyn Academy of Science and the Environment which serves grades 9 – 12

P.S. 316 Elijah Stroud which serves grades 1 - 5, OK, PK and SE

P.S. 241 which serves grades 1-5, OK, PK, and SE

The Crown Heights Real Estate market is booming! The average asking price per square foot for a Crown Heights condo is $814, for a Multi Family home $407 and a single family townhouse $602 per square foot.

Examples of the price range for current on the market properties are:

From a $2.195M asking price for a two family 7 room, 4 bedroom, 3.5 baths townhouse to asking $459,000 for  a 4.5 room, 2 bedroom, 1 bath, 1,000 square foot co op apartment to asking $799,000 for a 2 bedroom, 1 bath, 862 square foot condo unit.

Recent news on the new development projects planned for Crown Heights are :

An ODO New York designed hotel located at 1550 Bedford Avenue. This beautifully designed 100 room hotel will have a rooftop garden and bar, an interior courtyard, a ground floor restaurant and a café.  The architect on this project is Eran Chen. Construction of this gorgeous project is expected to be completed by Summer 2019. Stay tuned.

A tremendous development project is brewing (no pun intended) at an old brewery and spice factory on Franklin Avenue and Montgomery Street. Developer Ian Bruce Eichner and Lincoln Equities are planning 4 residential buildings on a 3 acre site which will be 1.2 million square feet in size. The price tag for the property is $75M. The developers hope to use the city’s Mandatory Inclusionary Housing program to achieve a rezoning and more density to the project by offering half of the units as affordable housing. The developers are optimistic but there is and will continue to be community opposition to such a large project coming to the area. To be continued.

What would a great neighborhood be without some wonderful restaurant choices? Some eateries to consider are:

Chavela’s located at 736 Franklin Avenue for great Mexican food.

Catfish located at 1433 Bedford Avenue for great Creole food.

Glady’s located at 788 Franklin Avenue for Caribbean food and drinks.

Mayfield located at 688 Franklin Avenue for Southern comfort food.

If you are looking for a variety of great bars in Crown Heights some suggestions are:

The Crown Inn located at 724 Franklin Avenue, Super Power located at 722 Nostrand Avenue, Two Saints located at 753 Nostrand Avenue, King Tai located at 1095 Bergen Street and Coverhoven located at 730 Classon Avenue.

Last but not least, for live music in Crown Heights you may want to stop by:

The Way Station located at 683 Washington Ave, The Owl Music Parlor located at 497 Rogers Avenue, Dean Street located at 755 Dean Street or Friends and Lovers located at 641 Classon Avenue for Saturday nite Soul music nite!

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn NY property, whether a single family residential property, an apartment building, a commercial property, mixed use, multi family, co op 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 Realtor