To any one who thinks Crown Heights is not gentrifying at an insanely fast and mindboggling pace: LOL. A condo in the neighborhood has sold for more than $1,000 per square foot. Brownstoner caught wind of the sale, which occurred at The Prospect Building at 823 Classon Avenue, which could be considered a pioneer of new development in the neighborhood since it opened in 2010. The 611-square-foot one-bedroom, one-bathroom unit has a balcony and parking spot, and it sold for $675,000. The previous owners (who listed it themselves) bought it for $350,000. They had listed it for $599,000 in July, and Brownstoner notes there were "multiple offers in the 670s."
Yes, the building is close to the Prospect Heights border, but over $1,000 per square foot in a neighborhood that many New Yorkers still associate with riots, is still kind of crazy. For context, StreetEasy lists the average price for Crown Heights at $447 per square foot; for Prospect Heights, it's $775 per square foot; and for Park Slope, it's $979 per square foot.
· Crown Heights Condo Trades for More Than $1,000 a Square Foot ['Stoner]
· The Prospect Building, 3C [StreetEasy]