PROSPECT-LEFFERTS GARDENS — The market on the southeast corner of Prospect Park is warming up big time, real estate researchers have predicted for the new year.
Prospect-Lefferts Gardens and “Prospect Park South” — the area south of the park to Beverly Road, from Coney Island to Ocean avenues from west to east — are both on the list of Top 10 “hottest neighborhoods” for 2017, according to data crunched by the listings site StreetEasy.
Analysts at the company looked at recent population growth (according to Census data), changes in StreetEasy listing page views year-over-year and changes in sale and rent prices in each neighborhood to determine the citywide rankings, the site said.
What they found is many of the busiest, most popular neighborhood next year are in the outer boroughs where people are looking for things like park proximity, water views and more space for a lower price, the group said.
The Kingsbridge neighborhood in The Bronx topped the list followed by Fort Greene, Bath Beach and Prospect-Lefferts Gardens in Brooklyn. Prospect Park South came in at No. 8, the report said.
StreetEasy also predicted 2017 may be the year more New Yorkers, particularly millennials, bite the bullet and buy apartments as rent prices increase.
In Brooklyn, they may have an easier time finding a place to buy in Prospect Park South than in “PLG.” In 2016, the median asking price in Prospect-Lefferts Gardens was $1,375,000, while in Prospect Park South it was $773,500, the site found. In both neighborhoods, the median asking rental price in 2016 was roughly the same: $2,003 in Prospect-Lefferts Gardens versus $2,095 in Prospect Park South.