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Top Five Homes To Buy In NYC’s Most Unaffordable Borough

If you live in Brooklyn, chances are, your rent already costs you an arm and leg—so you might as well buy your own place.

By Team Agorafy December 2, 2016
Brooklyn Bridge. Photo courtesy of Jonathan Pease

So you no longer can afford to rent in Brooklyn? Well, maybe you should just buy your own place then. We know, we probably sound like one of your parents, but hear us out. Recently, Agorafy reported on the curious study, completed by StreetEasy. According to their calculations,, in certain NYC neighborhoods—lots of which are in Brooklyn— you will actually be better off buying homes, not renting them.

Sounds odd, but the numbers don’t lie—after a certain tipping point (a term used by StreetEasy analysts,) all this money you spend on rent pretty much goes down the drain.

RelatedTop Five Office Spaces For Sublease In Prime Manhattan Locations

Here at Agorafy we went through the listings on our platform and cherry picked some apartments for sale in those Brooklyn neighborhoods where buying makes the most sense. Now, instead of renting a glorified closet in what has officially been dubbed the most unaffordable borough, you can own one—how cool is that?

 

Windsor Terrace 651 Vanderbilt Street

1 BR | 1 BA     Price: $395,000

This co-op, located just a stone’s throw from Prospect Park, is “partially renovated”—whatever that means. And frankly, we don’t care: in this area, real estate might soon cost like those Midtown high-end condos, so grab it while you still can.

651 vanderbilt street

 

Fort Greene 115 Ashland Place

1 BR | 1 BA     Price: $480,000

We know we promised you a glorified closet, but this co-op is actually quite spacious, with an oversized bedroom and a bike storage.

coop-for-sale-115-ashland-place-brooklyn-ny-11201-in-fort-greene-brooklyn

 

Prospect Heights / 34 Plaza Street

1 BR | 1 BA     $725,000

Another spacious gem on Grand Army Plaza. The listing boasts three large closets. By NYC standards, it’s a four-bedroom abode, folks.

coop-for-sale-34-plaza-street-brooklyn-ny-11238-in-prospect-heights-brooklyn

Related: Top Five Apartments For Rent Next To Soon-To-Open Second Avenue Train

Sunset Park / 227 West 34th Street

1 BR | 1 BA     $560,000 

This beautifully-renovated apartment boasts white oak floors and immaculate kitchen set-up. Renting in Sunset Park isn’t that expensive—but that’s about to change soon, with all these start-up companies moving to local industrial buildings. Buy this gem—or the tech hipsters will.

condo-for-sale-227-34th-street-brooklyn-ny-11232-in-sunset-park-brooklyn

 

Brownsville 487 Powell Street

3 BR | 1.5 BA     Price: $429,000

Brownsville might not be as glamorous and hip as the other neighborhoods we have picked. And that’s why, if you decide to invest your money here, you are getting the whole single-family house—renovated and with a finished basement.

487 Powell Street

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

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