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By Accord Real Estate Group

Spotlight on Brooklyn’s Columbia Street Waterfront District

October 28th 2016
Tags: Brooklyn Blog, Real Estate News, Brooklyn Real Estate

Just blocks away from amazing Brooklyn Bridge Park, with a unique urban small town feel and in an industrial waterfront location, the Columbia Street Waterfront district or CWD is one of Brooklyn’s New York smallest and fastest growing neighborhoods! CWD is sandwiched between Red Hook and Cobble Hill (what wonderful neighborhoods to be next to) and going from East to West is just 22 blocks wide.

CWD has seen a 24% growth in population in recent years with more and more families and couples moving there by the month with a high percentage of same sex couples coming to settle in CWD.

The availability of good schools has been key for CWD growth since the area is zoned for P.S. 29 on Henry Street, one of Brooklyn’s highest performing schools. Other area schools are P.S. 58 on Smith Street, Middle School #447 located in Boerum Hill and the South Brooklyn Community High School and BASIS Independent Private School, both in Red Hook.

Public Transportation offers subway lies including F and G  train service into Manhattan on Smith Street with entrances on Carroll Street, President Street and Bergen Street. The B-61 bus runs along Columbia Street and goes to Downtown Brooklyn or residents can take other buses on Avenue Avenue that goes to Park Slope.

CWD has a mix of low rise housing, new developments and conversions of former factories and industrial buildings. For example, 25 Carroll Street, a former pasta manufacturing facility was converted into 17 residential loft condominiums, Columbia Commons has 42 Condominium apartments and 94 income restricted rentals. There is also 49-53 Summit Street, which has 9 apartments ranging in size from 1,300 to 2,300 square feet. Prices in today’s market for residential housing in CWD are $600 to 700 per square foot for a house, $800 to 900 per square foot for a condominium and a mixed use building can be purchased for $1.3M to 1.5 range with $2M on the horizon. Apartment rental prices are more affordable than neighboring Carroll Gardens and Cobble Hill, with a one bedroom apartment asking $1,700 to $1,800 per month.

New store, restaurant and bar openings have contributed tremendously to the neighborhoods appeal. Alma, a wonderful Mexican restaurant was one of the first restaurants to contribute to the transformation of Columbia Street to restaurant row. With the arrival of the James Beard award winning Northern Thai cuisine restaurant Pok Pok at 127 Columbia Street, the neighborhood has gained more and more attention from Brooklyn foodies. Other restaurants of note in CWD are the much anticipated Carla Halls Southern Kitchen at 115 Columbia Street, Jake’s Barbeque (Kansas style BBQ), Mazzat (Turkish Cuisine) and Ferdinando’s Focacceria (Sicillian staples).

The wonderful Red Hook IKEA store and the fabulous Fairway supermarket are both on the waterfront nearby to CWD.

For some live music nightly except for Mondays, there is the terrific Jalopy Theatre located at 315 Columbia Street which features the music genres of Blue Grass, Country Blues and World Music. Be sure to check out this venue for it’s old world charm and great music. The Jalopy Tavern next door is fun to visit as well. 

If you are planning to sell your Brooklyn property, whether a residential property, a commercial building, mixed use, multi family, vacant land, coop or condominium or a development opportunity, call us. You will be very happy that you did.

Thank you.

Accord Real Estate Group team