Sunset Park could be Brooklyn’s next hot neighborhood
The next hot neighborhood in Brooklyn as far as real estate is concerned might well be Sunset Park. The area’s affordable prices and low-key vibe have been luring residents from other parts of the city and even other counties in the state, according to the New York Post.
A number of new residential buildings are in the pipeline, and these could transform the neighborhood in the next few years, the Post reported. One is Raymond Chan Architects’ proposed mixed-use development at 6208 Eighth Ave., which is slated to include 250 apartments as well as a school, a library, medical offices, stores and a parking garage. Chan expects that the project will serve the area’s thriving Chinese community in particular.
Another new development proposed for 6505 Eighth Ave., just across the street, by New Empire Corp. would consist of three buildings and would cover two blocks. In addition, brownstones in the area, which are often more spacious than those in nearby neighborhoods, are in particularly high demand. Sunset Park brownstones in good condition can cost between $1.4 million and $1.7 million, the Post said.
