The short answer to your question is Use will determine Value.

Since there are more residential properties than there are mixed use commercial properties in Crown Heights South, use value tends to lean in favor of pure residential properties.

However, Mixed Use Properties get their value predominately from their location.

Crown Heights South only has 3 commercial drags where mixed use property has appreciable value: Utica Avenue, Kingston Avenue and Nostrand Avenue.

If you’re trying to identify the best location to invest in Mixed Use Property, I strongly suggest the Nostrand Avenue drag from Eastern Parkway to Sterling Street in Prospect Lefferts Garden.

There is more development along that strip, as well as new homeowners who’ve purchased in the last 6 years eager for more varied retail options for a greater quality of life.

Also, with access to the 2/3/4/5 train service at President St, Eastern Parkway and Sterling Street, Nostrand Avenue has more upside than the others mentioned.

And here’s the best part about that strip: BANKS. Banco Popular is at Eastern Parkway, Chase and Carver are at Empire Boulevard.

BROKER TIP: Identify locations for sale at or 2 blocks away from the subway stations mentioned.

The foot traffic experienced in the AM and PM from commuters is attractive to a broad range of retail proprietors (from cell phones, nails salons, takeout restaurants, etc…)

Leasing to a strong retail proprietor will give your property it’s real value, with the above residential units increasing it’s rate of return.

Good Luck and Keep Reading NostrandPark.com…It’s the real source for everything happening in Brooklyn’s most dynamic neighborhood.

I lived down the street from Gorilla coffee for many years and loved their cup of Joe.

Glasshouse I can not wait to experience!

My interest is Crown Heights South market, which has become increasingly Jewish, and, specifically mixed-use properties.

Is there any evidence that mixed-use properties, say, 2 apts. over ground floor commercial, have any more or less value than 1 – 4 family homes in the area?

Thank you

How will AY affect Crown Heights? It’s hard for me to tell. But the MTA’s mismanagement of the Atlantic Yards issue has stripped an already struggling public transit system of precious resources. Take a look at the MTA’s proposed cuts: Crown Heights is not being spared.