East New York is one of Brooklyn’s up and coming residential neighborhoods. For years the neighborhood was a well-kept New York secret, but that is all about to change. Because of its public transportation access, affordable prices and abundance of activities, East New York real estate’s
popularity is on the rise.
The Metropolitan Transportation Authority (MTA) runs straight through East New York. This close transportation hub means accesses to a multitude of buses and trains. Most East New York real estate owners can walk to a train station or bus stop within a couple of minutes. You can get to Manhattan in about an hour. The MTA also provides convenient transportation to some of Brooklyn’s most popular destinations, including Downtown Brooklyn.
East New York real estate offers some of Brooklyn’s most affordable homes. These homes offer spacious floorplans and large yard space. The median sales price is less than $350,000. That is an average of just $320 per square foot. The low prices mean you can afford more space for your family.
Although East New York real estate prices are still low, they probably won’t be for long. Developers are buying up large chunks of land. This means now is the perfect time to buy. This is the next Brooklyn neighborhood targeted for gentrification. Investment causes prices to rise.
East New York is not yet filled with large chain businesses, but there is an abundance of local activities. East New York, real estate owners, enjoy socializing with neighbors at the frequent block parties. The neighborhood is also known for its many festivals. There is always local fun to keep residents entertained.
If you get hungry, there is no need to leave the neighborhood. Residents enjoy grocery shopping at the local farmer’s market or grabbing brunch at Grant Caffe. Delicious and affordable restaurants are found all around East New York.
Brooklyn MLS is a comprehensive real estate listing services. Our online database provides the best selection of available Brooklyn properties. If you are interested in East New York real estate, search our online listings today. We are committed to providing an abundance of up-to-date Brooklyn listings. Your next home is just a few clicks away.