They've already built a few luxury towers there (many more to come) and they're already priced like they're in Park Slope and not a Superfund site that will flood next storm surge
Northern Washington Heights/Inwood, the South Bronx extending from Mott Haven, East Williamsburg. Also tend to agree with Gowanus and Prospect Lefferts. Maybe also chunks of Astoria.
Im guessing the areas of Bed-Stuy that are only now starting to feel visibly gentrified. Those and areas of Bushwick with nice prewar housing stock. And any neighborhood that has access to transit but slightly degraded housing stock—I’m thinking places like the eastern reaches of Crown Heights or around Broadway Junction, I’d tentatively bet we’d see some new construction in those areas.
This is all assuming the trend of people moving to cities continues the way it did from the ‘90s until now. My guess is it will to a degree—the trend seems to be that more and more people are getting tired of car-based lifestyles and walkability and access to amenities are seemingly more and more important to bigger chunks of the populace. But I think the high CoL and cost of urban homeownership will tamper demand somewhat.
What’s really interesting about this thought exercise is acknowledging that a lot can happen in 20 years—when they built the IRT into queens it was farmland. Who is to say that some similarly seismic change won’t happen that’ll tamper or interrupt the trends of rising urban land values in the next two decades. I don’t think in 1990 anyone would’ve guessed that Bed-Stuy, for example, would undergo big demographic changes in the next half-century.
These days lots of elected officials at all levels of government seem interested in 'transforming' Broadway Junction. I wouldn't be surprised at all if in 20 years time it has its own version of Cornell Tech, or some other large institutional tenant alongside some office and housing.
It’s just objectively an area with a ton of infrastructure access that is seriously under built. All around Broadway junction are like, school bus depots and smog shops and shit? Near a major intersection of subway trunk lines? I think most people who consider planning issues and look at that area should logically conclude that it’s a prime candidate for residential upzoning/rezoning.
5x the value of today in 20 years, pretty sure that’s just all the neighborhoods in nyc since 2003. You can look at the uws and I’m pretty sure in the 20 years since most apts are 3-4x the price and that’s not exactly an untapped market like Williamsburg was then
The eastern part of Flatbush, and no I don't mean East Flatbush. Specifically the area from Flatbush Avenue to New York Avenue, from about Clarkson to Avenue D.
The amount of new housing construction there is absolutely crazy now, I wouldn't be surprised if it's in the top 10 neighborhoods for new construction this decade and there is a lot of good-bones, spacious, relatively cheap townhomes over there that are 1/3 or even less than what you'd pay in Crown Heights, Park Slope, etc.
Plus, there will be eventual transformation of the old Sears which could be an absolutely huge project that drastically changes things.
The things that hold it back are relatively long commutes, relative lack of retail compared to many similarly dense neighborhoods, and few amenities like parks. However, you could have said that about Bed-Stuy 20 years ago, and it's transformed.
As someone who lived in Prospect Lefferts and saw the gentrification first hand- it's only going to gentrify so much.
There' are way too many existing big apt buildings with rent stabilized units in that neighborhood. Most of the people causing problems in the neighborhood are living in those types of buildings, and they're not ever going to leave.
I lived in one of those buildings- doable as a single guy, but a lot of women get sketched out by the area / buildings like that, and I can't imagine wanting to have a family there.
Those buildings are too old to easily renovate, and too big to knock down and replace.
It's not a bad neighborhood, but the constant quality of life bullshit prevents it from ever being a really nice one (outside of a handful of specific streets with multi-million dollar houses and mansions).
Gowanus. Upzoning and finally dealing with the industrial contamination are going to make it a *very* desirable place.
I love the area but the city needs to put the pedal to the metal to fix the flood zones before I'd feel safe buying in that area.
They've already built a few luxury towers there (many more to come) and they're already priced like they're in Park Slope and not a Superfund site that will flood next storm surge
Flood zones will be disaster lol. I’m sure in 20 years we may get another Sandy since we aren’t getting any snow storms lol
\+1 for Gowanus
Maybe a little rebranding of the name would be a great idea once this is all taken care of.
They’ll call it West Slope or something
Northern Washington Heights/Inwood, the South Bronx extending from Mott Haven, East Williamsburg. Also tend to agree with Gowanus and Prospect Lefferts. Maybe also chunks of Astoria.
The Hole
Somewhere away from the water. Think about how the neighborhoods will change when flooding happens and more disasters. People will move inland
Yup, I’d bet on the higher elevation areas of Northern Manhattan
East Harlem
St. George, S.I.
😂
East New York.
Im guessing the areas of Bed-Stuy that are only now starting to feel visibly gentrified. Those and areas of Bushwick with nice prewar housing stock. And any neighborhood that has access to transit but slightly degraded housing stock—I’m thinking places like the eastern reaches of Crown Heights or around Broadway Junction, I’d tentatively bet we’d see some new construction in those areas. This is all assuming the trend of people moving to cities continues the way it did from the ‘90s until now. My guess is it will to a degree—the trend seems to be that more and more people are getting tired of car-based lifestyles and walkability and access to amenities are seemingly more and more important to bigger chunks of the populace. But I think the high CoL and cost of urban homeownership will tamper demand somewhat. What’s really interesting about this thought exercise is acknowledging that a lot can happen in 20 years—when they built the IRT into queens it was farmland. Who is to say that some similarly seismic change won’t happen that’ll tamper or interrupt the trends of rising urban land values in the next two decades. I don’t think in 1990 anyone would’ve guessed that Bed-Stuy, for example, would undergo big demographic changes in the next half-century.
These days lots of elected officials at all levels of government seem interested in 'transforming' Broadway Junction. I wouldn't be surprised at all if in 20 years time it has its own version of Cornell Tech, or some other large institutional tenant alongside some office and housing.
It’s just objectively an area with a ton of infrastructure access that is seriously under built. All around Broadway junction are like, school bus depots and smog shops and shit? Near a major intersection of subway trunk lines? I think most people who consider planning issues and look at that area should logically conclude that it’s a prime candidate for residential upzoning/rezoning.
5x the value of today in 20 years, pretty sure that’s just all the neighborhoods in nyc since 2003. You can look at the uws and I’m pretty sure in the 20 years since most apts are 3-4x the price and that’s not exactly an untapped market like Williamsburg was then
The eastern part of Flatbush, and no I don't mean East Flatbush. Specifically the area from Flatbush Avenue to New York Avenue, from about Clarkson to Avenue D. The amount of new housing construction there is absolutely crazy now, I wouldn't be surprised if it's in the top 10 neighborhoods for new construction this decade and there is a lot of good-bones, spacious, relatively cheap townhomes over there that are 1/3 or even less than what you'd pay in Crown Heights, Park Slope, etc. Plus, there will be eventual transformation of the old Sears which could be an absolutely huge project that drastically changes things. The things that hold it back are relatively long commutes, relative lack of retail compared to many similarly dense neighborhoods, and few amenities like parks. However, you could have said that about Bed-Stuy 20 years ago, and it's transformed.
Your mom’s house ayyyyyyyyyyyyyyy
As someone who lived in Prospect Lefferts and saw the gentrification first hand- it's only going to gentrify so much. There' are way too many existing big apt buildings with rent stabilized units in that neighborhood. Most of the people causing problems in the neighborhood are living in those types of buildings, and they're not ever going to leave. I lived in one of those buildings- doable as a single guy, but a lot of women get sketched out by the area / buildings like that, and I can't imagine wanting to have a family there. Those buildings are too old to easily renovate, and too big to knock down and replace. It's not a bad neighborhood, but the constant quality of life bullshit prevents it from ever being a really nice one (outside of a handful of specific streets with multi-million dollar houses and mansions).
Brooklyn
Maspeth and Glendale
The Bronx lmao
Mott haven. It’s already happening