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Clinton Hill Gets Fancy and Sees Major Jump in Real Estate Prices

By Janet Upadhye | April 18, 2013 5:17pm

CLINTON HILL — At the end of 2012, the average sales price for new condos in Clinton Hill was $505,000.

Just three months later, Clinton Hill has seen an increase of $240,000, according to a report put out by real estate company MNS.

"In general there is a lot more activity in Clinton Hill," said Luke Gorz of MNS. "We are seeing several new luxury developments and a rise in sales prices."

In January a 2-bedroom unit at 11 Steuben St. sold for $815,000. Part of new development, The Absolute, the condo included "eco-friendly maple micro-strip hardwood floors, high ceilings, video intercom systems and floor-to-ceiling windows offering great city views, according to Street Easy.

The building also has a "fitness center and billiards room, a common roof deck, a large lobby and Fresh Direct storage freezer," Street Easy noted.

What's the draw?

"It depends on who you ask," Gorz said. "I'd say proximity to Manhattan, great views, and still somewhat affordable prices."