To some native New Yorkers, the name â€œEast New Yorkâ€ does not have the most positive connotation based on issues of the past. The East New York of today is a resurging neighborhood on the forefront of affordable housing, private and public. Sitting at the northeast corner of Brooklyn, East New York has become an integral part of New York Cityâ€™s goal of creating neighborhoods that are affordable, safe, and accessible via public transit. Residential streets are lined with low-rise town homes, single-family houses, and mid-rise apartment buildings, while major thoroughfares provide a plethora of mom and pop restaurants and name-brand grocery stores. The neighborhood historically has a higher crime rate than areas nearby, however, along with the trend experienced across the five boroughs of NYC, has declined significantly from its high in the early 90â€™s. Neighboring areas have begun to undergo drastic transformations, which include new housing, shops, and restaurants. East New York is at the beginning of this trend as individuals look to relocate further from Manhattan due to rising costs. This has led to an uptick in prices, however, very affordable by NYC. As East New York is in a transformative state, there are great investment opportunities to buy property in the neighborhood. Service by the 3 and L subway lines (with a bus network that feeds each stop) provide easy access to Manhattan while proximity to the Belt Parkway allows for easy car travel within the NYC metropolitan area.
Rental Prices:$783 ― $1,250
Sales Prices:$188,000 ― $300,000
Landmarks:Gateway National Recreation Park, Fresh Creek Park