L Train Hipsters Will Likely Flee To Flatbush, Study Finds

FLATBUSH, BROOKLYN -- Get ready for $9 unicorn lattes, ax-throwing beer drinkers and fleets of mopeds, Flatbush. According to a new report, Williamsburg is coming.

East Flatbush topped a list of New York City neighborhoods where real estate analysts predict Williamsburg residents fleeing the L Train Shutdown will cause a real estate boom next year, according to a new report.

"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 top 10 neighborhoods to watch in 2019. "More than half of our neighborhoods to watch are in Brooklyn."

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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.

At $599,999, East Flatbush homes were the cheapest on the list and at $2,100-per-month, its rents are among the cheapest, analysts found.

Those low prices may be East Flatbush was the number two neighborhood on the list and why the number of StreetEasy searches tripled in 2018, a spike that well-outpaced any other region, analysts said.

"Relative affordability drives more interest," researchers said of Flatbush. "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, Crowns Heights was fifth, 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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