Hipsters Fleeing L Train Likely To Land In Crown Heights: Study

CROWN HEIGHTS, BROOKLYN -- Crown Heights is likely to see a real estate boom in 2019 when Williamsburg residents flee the L Train Shutdown, according to a StreetEasy report released Thursday.

"The looming L train shutdown and continued interest from developers, renters and buyers in more affordable neighborhoods shapes the list," StreetEasy analysts wrote in its list of 10 neighborhoods to watch in 2019.

"More than half of our neighborhoods to watch are in Brooklyn."

StreetEasy analyzed median asking rent, median sale price, StreetEasy searches and the number of newly construction homes to determine which neighborhoods are most likely to experience a boom next year.

Crown Heights came in fifth with a development surge that put almost 800 new units on the market, median rentals at $2,400 and sales prices at $1,075,000, analysts found.

The bump in development may be enough to draw Williamsburg residents away from their waterside homes and toward a neighborhood with lower home prices, analysts said.

"Relative affordability drives more interest," researchers said. "We will be keeping an eye on how all this attention transforms these neighborhoods in 2019."

Several other Brooklyn neighborhoods made the top 10; Downtown Brooklyn came in first, Flatbush second, Bed-Stuy was sixth, Cobble Hill seventh and Prospect Heights came in tenth.

You can read the full report on StreetEasy.com.

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