*Cringe*… who came up with that headline? The Daily News, that’s who. Today in the Daily News: “For many years, what came to New Yorkers’ minds if you mentioned ‘Crown Heights’ were riots and racial strife… But these days, New Yorkers have something altogether different in mind … and that’s real estate.”
“With demand surging, a two-family limestone at 1266 Carroll St. recently commanded a $740,000 sale price, though kitchen and bathroom renovations are needed. Two years ago, similar houses went for $400,000 to $450,000. Eight years ago, the prices were $200,000 to $225,000.”
“‘people used to have to wait 30 years for this type of appreciation,’ said Camille Logan of the real estate firm Fillmore, who brokered the sale. The houses are spacious and full of original architectural details …”
“Crown Heights wouldn’t be a hot real estate market if it had continued to be torn apart by racial strife. But the neighborhood has mended – thanks to efforts by religious leaders, civic coalitions and even a group of Jewish, African-American and Caribbean-American women called Mothers to Mothers…”