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Homeless sleeping in bank atm areas all down court street to this day
Begging for $ while I wait in line for Trader Joe’s
There are homeless there trust me
Just letting the OP know
That's technically Brooklyn Heights, but really more like Downtown Brooklyn in my mind, but ok, sure, and yes, there are homeless around there. I don't go that far south to be honest, and stick along Montague St, and by Pierrepont St. You're not going to see homeless up by the Promenade or along the brownstone streets though. I mean it's NYC. There are homeless people everywhere, even on the Upper East Side. They like to stay in safe neighborhoods, not the hood.
Hi all, thanks for your responses. To clarify the positioning and backdrop of my question, it's not that I think property values in Brooklyn Heights are low -- I recognize that it's anything but that -- rather, I worry that the residential real estate market has leg down as we are still in the early innings of understanding the lasting ramifications of the pandemic on NYC. There are a number of other threads on city-data where people are debating this topic. In fact, it's exactly the reality that Brooklyn Heights had gentrified many decades ago that a lot of optimism is already priced in. Properties in that area (as well as Downtown Brooklyn) haven't budged much off the historic highs in 2017 despite a pretty meaningful influx of new residential construction in recent years.
Perhaps my concerns about valuations and scenario analysis are misplaced, and I welcome any feedback to the contrary.
Brooklyn Heights is my favorite neighborhood in the entire NYC area, and if I could afford a brownstone there I would absolutely do it. That said, it's impossible to time the real estate market, and nobody has a crystal ball on whether prices will fall further or begin to rebound. If you try to time it, you'll inevitably end up disappointed (I could see prices falling due to people/jobs leaving, or I could see them quickly rebounding in some post-vaccine boom, with equal probability).
Just know, that neighborhood will always be relatively in-demand due to proximity to lower Manhattan and the gorgeous housing stock. Even if it falls in the short-term, I'd imagine it would weather an storm better than most neighborhoods.
I've never lived there so can't comment on the other specific questions.
Brooklyn Heights is my favorite neighborhood in the entire NYC area, and if I could afford a brownstone there I would absolutely do it. That said, it's impossible to time the real estate market, and nobody has a crystal ball on whether prices will fall further or begin to rebound. If you try to time it, you'll inevitably end up disappointed (I could see prices falling due to people/jobs leaving, or I could see them quickly rebounding in some post-vaccine boom, with equal probability).
Just know, that neighborhood will always be relatively in-demand due to proximity to lower Manhattan and the gorgeous housing stock. Even if it falls in the short-term, I'd imagine it would weather an storm better than most neighborhoods.
I've never lived there so can't comment on the other specific questions.
Most of the housing stock is landmarked, so it will always be in high demand unless the location is near the BQE or something, but even there, prices do well.
Absolutely beautiful area, still one of NYC's finest neighborhoods filled with beautiful historic homes. I don't know where you are moving from, but if you intended on keeping a car in Brooklyn Heights you need to be aware of a few things. On-street parking is a nightmare, the streets have peculiar alternate side parking regulations and parking spaces are of course very limited. So if you're bringing a car with you look into what garages in the area charge.
Absolutely beautiful area, still one of NYC's finest neighborhoods filled with beautiful historic homes. I don't know where you are moving from, but if you intended on keeping a car in Brooklyn Heights you need to be aware of a few things. On-street parking is a nightmare, the streets have peculiar alternate side parking regulations and parking spaces are of course very limited. So if you're bringing a car with you look into what garages in the area charge.
84th Precinct covers a couple of neighborhoods, not just Brooklyn Heights. The majority of the crime in the 84th happens in Downtown Brooklyn and any NYCHA that the 84th covers (Farragut definitely, not sure about Fort Greene).
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
We were in Brooklyn Heights 2 weeks ago, the homeless situation is greatly exaggerated. Yeah there's homeless there because it's NYC. There's also plenty of families taking walks on the promenade with their kids.
It's a great neighborhood, though rather boring if you're into going out. Reason why I moved away from the area in 2014.
BH has been one of the most desirable neighborhoods in NYC since the colonial days of the 17th-18th centuries. If NYC price values increase then BH values will increase. If there is a downturn in RE, then BH should hold it's own. Even during the nasty 70s, Montague Street had high-end restaurants. Court Street never got that bad because of all of the high-end legal offices and judges working in the area, but when the courts were closed on the weekend, it could get a little dicey. I don't consider that part of BH. Since that time, there's been a lot of new construction and fancy French people, even though some have left.
BH has been one of the most desirable neighborhoods in NYC since the colonial days of the 17th-18th centuries. If NYC price values increase then BH values will increase. If there is a downturn in RE, then BH should hold it's own. Even during the nasty 70s, Montague Street had high-end restaurants. Court Street never got that bad because of all of the high-end legal offices and judges working in the area, but when the courts were closed on the weekend, it could get a little dicey. I don't consider that part of BH. Since that time, there's been a lot of new construction and fancy French people, even though some have left.
I totally agree. That area is really Downtown Brooklyn, and not part of the Brooklyn Heights I think of.
Quote:
Originally Posted by Javawood
We were in Brooklyn Heights 2 weeks ago, the homeless situation is greatly exaggerated. Yeah there's homeless there because it's NYC. There's also plenty of families taking walks on the promenade with their kids.
It's a great neighborhood, though rather boring if you're into going out. Reason why I moved away from the area in 2014.
It's more family-oriented and quiet. It's a leafy bedroom community to be honest, with easy access to Manhattan. Think Riverdale, but with subway access and less suburban feeling.
They needed that big house on Cranberry street because as with all Italian families much of the family action takes place in the kitchen.
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