Housing

Mapping Brooklyn's Spiky Gentrification

Property values have soared in some neighborhoods. But other parts of the borough have been largely excluded from the boom.
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That Brooklyn houses one of New York City's hottest real estate markets is old news. But a look at some new data shows how uneven and concentrated the borough's transformation is. A number of Brooklyn neighborhoods have seen their residential property values appreciate at an incredible clip. According to PropertyShark's real estate blog:

None of this is particularly surprising. Brooklyn's Park Slope bested Manhattan's Lower East Side for the crown of New York's "most livable" neighborhood in a 2010 ranking by Nate Silver for New York magazine. Cobble Hill/Boerum Hill, Greenpoint, Brooklyn Heights, Carroll Gardens/Gowanus, and Prospect Heights all numbered among the top 10. As the map shows, most of the neighborhoods that have seen substantial increases in property values are directly across the river from lower Manhattan, or near Prospect Park, the only exception being Coney Island to the far south.