We haven't had a "Neighborhood X is the new Neighborhood Y" story in a while, maybe because the real estate downturn has made more well-established neighborhoods cheaper, slowing the constant drumbeat of gentrification. But the Post is snapping the cold streak with this proclamation: Prospect Heights is the new Cobble Hill. And more specifically, Vanderbilt Avenue is the new Smith Street. Why? Because cool stuff keeps opening on Vanderbilt, just like the Smith of 10 years ago. And adding an extra layer of symbolism, a new gastropub called Vanderbilt is the work of Saul Bolton, chef of Smith Street pioneer Saul. Katherine Dykstra also gives us a heat check on this "relatively affordable neighborhood with beautiful homes:"
And despite the dicey real estate market, the buildings seem to be doing fairly well. The past six months saw 660 Bergen sell 18 of its 24 units, which range in size from 830 to 1,382 square feet and are priced from $459,000 to $799,000. At the Modern Post, six of 10 apartments priced from $379,000 to $789,000 have sold in 10 months. Of Vantage238’s 20 units priced between $625 and $800 per square foot, 10 are in contract after four months of sales.Just, uh, don't talk about the problem child. So if Prospect Heights is given full partner status, does that make it BoCoCaPH?
· In the Heights [NYP]