Ideal Properties Takes Greenwood Heights Apartments to Market

The Brooklyn Garden Apartments was originally developed in the late 1920s and once housed residents for as little as $35 per month.

725 4th Ave-1New York—The owners of the Brooklyn Garden Apartments in the Greenwood Heights neighborhood of Brooklyn have tapped Ideal Properties Group to market the rental units in the property. Greenwood Heights is a part of Brooklyn with ill-defined boundaries, but it’s close to the sizable Greenwood Cemetery and not far from the well-known and highly expensive Park Slope neighborhood.

The Brooklyn Garden Apartments was originally developed in the late 1920s and once housed residents for as little as $35 per month (considerably more in today’s dollars, but still a bargain). More recently, new ownership has renovated or refurbished every part of the building, which features a courtyard, brick archways and tall gingko trees.

There are currently four available rental units, two of which are two-bedroom residences that start at $2,150, and two three-bedroom residences, which start at $2,675 per month, according to Ideal Properties Group. By Brooklyn standards, those are relatively low rents: Average rents throughout the borough decreased by 0.92 percent from $2,743 in September to $2,718 in October, according to the latest MNS report on Brooklyn rental properties.

“Greenwood Heights is geographically close to Park Slope—at times, areas bordering Greenwood Heights are referred to as South Slope, and parts of Greenwood Heights itself are confused for Park Slope—yet home to somewhat more affordable rental options,” Aleksandra Scepanovic, Ideal Properties Group managing director, tells MHN.

Greenwood Heights has undergone a number of changes in recent years, including the revitalization of the 4th Avenue corridor, as envisioned by former Mayor Michael Bloomberg. The area has high-end services throughout, with 5th Avenue being a hub of commercial business, notes Scepanovic.

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