LATEST NEWS

Will Flatbush Lose It’s Cultural Status As High Rises Take Hold?

Big changes in Flatbush means rising property values and improving infrastructure. But what is the price?

By Jeff Vasishta October 25, 2016
Photo courtesy of The Brooklyn Reader

If an around the world vacation is out of your budget, you could always head to Flatbush. With more variety than a Ben and Jerry’s convention, the smorgasbord of food and ethnicities takes in Caribbean, East Indian/Pakistani/Bangladeshi, Chinese and Chasidic cultures. It’s what makes New York New York. But of course, such unbridled diversity has, for a while, had the grey cloud of gentrification hovering above it.

Related: The Most Famous House In Victorian Flatbush Is On The Market For $2.988 Million

The changing face of Brooklyn can be traced along the entire strip of Flatbush Avenue. The moment you cross the East River in Brooklyn a new city of glittering skyscrapers greets motorists where there were once gas stations, single story business and strip clubs. The journey towards BAM, Atlantic Terminal and Barclays Arena continues the sparkling construction frenzy. The changing face of Park Slope is typified not by high rises because of zoning and brownstones. But the disappearance of neighborhood stalwarts such as the two Dominican restaurants that used to sit opposite one another at the intersection of 7th Avenue, show how things are changing.

Photo courtesy of Apex media photography - WordPress.com
Photo courtesy of Apex media photography – WordPress.com

Follow Flatbush Avenue and you get into Flatbush the neighborhood. It’s here where you can still find one of New York’s most diverse districts. Around Brooklyn College’s lush campus, the range of foods, music and people could have you thinking for second that you’ve landed in teeming international street market. A second look and off in the distance the towering cranes will have you realize that it’s New York and like the rest of the city, Flatbush is caught in a maelstrom of change.

A home to much of Brooklyn’s vast immigrant culture, Flatbush has also been prone to the ills of low income urban dwelling as well—crime, violence and poorly performing schools, which gentrifiers are always quick to point out. Activists, however, like Imani Henry of Equality For Flatbush contend that along with gentrification, police brutality and tenant harassment are instigated to displace long term residents.

“Our community is in crisis,” he said to Patch.com. “To tell us we should go somewhere else is just what the gentrifiers do. If they’re trying to silence us, it won’t happen.”

According to Agorafy’s data, the median price for a two-bedroom rental is around $2,300/month ($24 psf). A scan on New York Yimby shows a hive of construction activity in Flatbush. One of the most active developers is the Crown Heights based Hello Living. They have a 55-unit rental building going up at 271 Lenox Road, at the thriving junction between Nostrand and Flatbush. Among the highlights are underground parking for 33 cars, passive/energy efficient technologies, a 600 square foot non-profit art gallery (tax breaks anyone?) and 8900 square feet of ground floor retail. The top floor apartments will be duplex penthouses. No mention of an affordable housing component. The building is being designed by Loadingdock5 Architecture.

Other nearby developments Hello Living is involved in include 23-story, ziggurat-shaped tower at 1580 Nostrand Avenue and a 12-story condo project at 2415 Albermarle Road.

Let’s hope at least some of the roti shops and curry houses stay when the dust settles. Flatbush won’t be the same without them.

 

Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

  • AGORAFY
    Avocado toasts are the reason why millennials can’t afford a home, says one Australian real estate developer. #AvocadoToast #Millennials https://goo.gl/TBCPnv
  • AGORAFY
    Five years on since Superstorm Sandy, Queens’ coastal peninsula is in the midst of a development boom. #Development #Rockaways https://goo.gl/BRKRrD
  • AGORAFY
    It turns out, renters can’t get enough of good ol’ no-doorman-no-frills apartments. Too bad developers aren’t building any. #Doorman #LuxuryRentals https://goo.gl/pdnbo6
The Housing Market In Shenzhen, The Silicon Valley of China, Slows In 2017
The city of Shenzhen has been on the real estate radar for quite some time. It is known as the Silicon Valley of China. Many…
Developers Jump Aboard The Trend To Revamp Transit Hubs And Remake Cities
Never has the often used marketing term, “close to transportation” been more important when attracting home buyers. These days it’s not just homes that are…
Millennials Are Fueling The Current Sizzling Real Estate Market
Ever wondered why the hosts of home improvement shows seem to be getting progressively younger, along with the fresh-faced couples getting their new properties made…
The Best Cities For Recent Grads To Rent – Without Blowing Their Entire Paycheck
What’s next post graduation? For most, the logical answer is to find a job. After the excitement of finishing your studies and the big celebration,…
Luxury Knows No Limit In Malaysia As A Deluge Of New Developments Hit The Market
The amount of newly constructed high-end real estate in Malaysia is almost as abundant as the lush vegetation which covers the tropical landscape. Despite vacant…
Don’t Call It A Commune – Upscale Co-Living Is Attracting Major Development
What may have once been referred to as a commune is today termed a co-living space. The big news that it’s not hippies with hemp…
It’s Official—New York Is Now The Most Expensive City In The World To Build
As if you didn’t already know, it’s expensive to build in New York City. Not just expensive but now officially the most expensive place in…
An Ultimate Destination For The Most Comprehensive Real Estate Data, Agorafy Prepares To Launch Nationwide
In the coming days, Agorafy will be entering a new chapter. It is the beginning of a new growth cycle in real estate technology with…

TOP 10