Once a barren wasteland of abandoned warehouses, Red Hook's stock (and prices) have been rising in recent years. Although it was hit hard by Hurricane Sandy, the neighborhood has rebounded fairly quickly and projects like Est4te Four's 160 Imlay Street and 202 Coffey Street seek to capitalize on its artistic reputation. (Tough luck, artists who moved there because it was cheap! Better luck with the next neighborhood you make cool!) Still, Red Hook's defining feature is probably its isolation—with no subway lines, it's accessible only by water taxi, B-61 bus, and IKEA shuttle. The NYCHA Red Hook Houses, which consists of 30 buildings next to the Gowanus Expressway, is the largest public housing development in Brooklyn and accounts for more than half of the neighborhood's residents.
Rental units: Despite increasing demand, there isn't a whole lot of inventory ... yet. Currently, only 13 rental listings are active on Streeteasy and a search of "Red Hook" in the Craigslist rentals section yields only 390 results (that's not a lot compared to other neighborhoods and since it's Craigslist, 380 of them are probably for the same 1BR). A good portion of the neighborhood's houses are single-families, but there are also a handful of condo and co-op buildings scattered about. If you do find a place to rent, though, the good news is that you'll be getting a lot of space—of the places listed on Streeteasy, the median size is 1,300-square-feet.
Price range: Prices on Streeteasy range from $1,500 for a 1BR/1BR to $3,200 for a 3BR/2BA. (There's also a listing for $4,000, but it's unclear what it's for exactly.) The median price is $2,450.
Neighborhood highlights: The very isolation that has kept some away is exactly what draws other in. If you have a car or don't commute the quiet can be a big plus—with around 11,000 residents it's one of the city's least crowded neighborhoods. The waterfront is also a draw, and, of course, there's IKEA.
Pricy and not-so-pricy corners: As always, the further inland you go, the lower the prices get. Almost all the new development is happening at the waterfront.
· 215 Van Brunt, a 1BR/1BA in a rent-stabilized building for $1,600/month.
· 5 Delavan Street, a newly renovated duplex loft for $2,450/month
· 374 Van Brunt, a renovated, spacious 3BR/1BA with exposed brick for $2,695/month.
· 79 Wolcott, a renovated 3BR/2BA with a shared roof deck for $2,750/month, no fee.