Brooklyn 2013 Real Estate Predictions

Three Brooklyn neighborhoods poised to be the city's hottest real estate spots in 2013

 

New York City home values are forecasted to barely budget in the coming year, but parts of Brooklyn are ready to take off, according to a new report.

By Elizabeth Lazarowitz / NEW YORK DAILY NEWS

Tuesday, January 22, 2013, 12:49 PM

New York City home values may be ho-hum in the year ahead, but parts of Brooklyn appear poised to blaze, a report released on Tuesday showed. Some of the city's hottest properties of 2013 will be in Brooklyn's Prospect Lefferts Gardens, where the median home value is set to surge 8% to about $901,000, according to real estate data company Zillow. Brooklyn Heights and Boerum Hill, where home values are expected to rise about 7% by December, will round out the top three biggest gainers, according to Zillow's forecasts. Read more: http://www.nydailynews.com/life-style/real-estate/brooklyn-home-real-estate-hot-spots-article-1.1244947#ixzz2J0P9gNQ7

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New Affordable housing proposed for Brooklyn

Brooklyn’s Lincoln Road may be site of new rental, with affordable, below market-rate units

October 04, 2012 12:00PM

Project rendering (credit: Curbed)

Prospect Lefferts Garden could soon be getting a nine-story, 133-unit building. Situated near Prospect Park, at 33 Lincoln Road, the building would have 20 percent of its units be affordable to low-income tenants and the rest of the units would be 10 percent below the market rate. The ground floor would include two retail spaces and a community space. Other building amenities include underground parking and storage for rent, a gym, a café and a roof deck.
Tom Anderson of Anderson Associates last night presented the plan for the property, which would sit atop a 26,000-square-foot lot, to the ULURP Committee of Brooklyn Community Board 9. Building permits are still filtering through the Department of Buildings and the plan will go to the full Community Board toward the end of the month.
The Department of Housing Preservation and Development has already green-lit the proposal.

credit:  http://therealdeal.com/blog/2012/10/04/brooklyns-lincoln-road-may-be-site-of-new-rental-with-affordable-below-market-rate-units/