Sharp Dip In Swanky Crown Heights Home Prices: Report

CROWN HEIGHTS, BROOKLYN — What a difference a month made for swanky home prices in Crown Heights and Prospect Lefferts Gardens.

Real estate prices plunged across Brooklyn in January, a new study home listing website RealtyHop found. A Crown Heights brownstone at 2 Virginia Place saw its listed price drop by $426,875, for instance.

That's nothing compared to a pair of Chelsea apartments that nabbed the distinction of the biggest drop by dollar amount — $4.78 million — but the now-$1.8 million Crown Heights home's listing dip was a larger percentage drop.

Five Brooklyn neighborhoods, in fact, counted as the city's top five for highest median percentage price drops, the study found.

Those were:

1. Rugby-Remsen Village Brooklyn with a $243,500 typical decrease, or 12 percent
2. Crown Heights South Brooklyn with a $185,000 typical decrease, or 10 percent
3. Williamsburg Brooklyn with a $230,000 typical decrease, or 10 percent
4. Cypress Hills-City Line Brooklyn a $55,000 typical decrease, or 10 percent
5. Prospect Lefferts Gardens-Wingate Brooklyn with a $111,111 typical decrease, or 9 percent

The Virginia Place home wasn't the only high-dollar Crown Heights or Prospect Lefferts Garden listing to take a hit.

A seven-bedroom home at 1247 Union St. fell $320,000 in January to $1.9 million, according to the report.

Likewise, a three-bedroom at 1 Grand Army Plaza is now listed just shy of $3 million after a $290,000 plunge.

RealtyHop's analyzed all five boroughs through its own proprietary data.

Take a look at the map below to see how your neighborhood moved, or read RealtyHop's full report here.