Is it worth buying a condo in Brooklyn?

Is it worth buying a condo in Brooklyn?

Even if you don’t consider yourself an investor, buying into the Brooklyn condo market is an investment, and it is a very good one at that. Whether you are looking to buy into established Brooklyn waterfront neighborhoods or up-and-coming, gentrifying neighborhoods, the Brooklyn market continues to evolve.

Why are houses in Brooklyn so expensive?

Almost everybody in Brooklyn relies on the New York City government to supply water and electricity to their homes. In general, Brooklyn’s cost of living index for utilities is an average of 151.6.

Is a 1 or 2 bedroom condo a better investment?

Most agents will tell you that a two bedroom apartment will achieve better capital growth over the years but the lower initial investment with the one bedroom properties help them achieve a better rate of return.

Why are condos so expensive?

Do you often wonder why condominium units cost so much? In short, with a condominium building, you pay for convenience, comfort and efficiency. Apart from your own living space, you also pay for community amenities such as a swimming pool, gym and a basketball court.

Do condos depreciate in value?

In general, condos appreciate in value at a slower rate than single-family homes. Even though condos generally appreciate at a slower rate than single-family homes, they’re still likely to increase in value over time.

How many condos are for sale in Brooklyn NY?

View photos of the 2,691 condos and apartments listed for sale in Brooklyn NY. Find the perfect building to live in by filtering to your preferences. Warning This browser is no longer supported.

How much does a 1BA condo cost in Brooklyn NY?

1bd 1ba 692sqft – Condo for sale Price cut: $15,000 (Dec 7) Save this home 1717 E 18th St APT 3B, Brooklyn, NY 11229 $499,000 2bds 1ba 950sqft – For sale by owner Price cut: $30,000 (Dec 2) Save this home 2425 Haring St APT 2H, Brooklyn, NY 11235 LISTING BY: TWOREALESTATE LLC (718-218-5213) $298,000 2bds 1ba 1,150sqft – Condo for sale

How much does a 170 72nd Street apartment in Brooklyn cost?

Save this home 170 72nd St APT 502, Brooklyn, NY 11209 LISTING BY: REMAX EDGE (917-584-8417) $189,000 Studio 1ba 525sqft

How many Agent listings are there in Brooklyn NY?

Brooklyn NY Condos 2,642 Agent listings 49 Other listings Sort by:Homes for You Chevron Down 2785 Ocean Pkwy, Brooklyn, NY 11235 LISTING BY: IHOME REALTY GROUP LLC (914-374-1896) $118,000 2bds 1ba

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