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Real Estate Prices & Overview

Gravesend East median real estate price is $1,405,737, which is more expensive than 84.2% of the neighborhoods in New York and 94.6% of the neighborhoods in the U.S.

The average rental price in Gravesend East is currently $3,000, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.0% of New York neighborhoods.

Gravesend East is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Gravesend East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Gravesend East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 7.7% in Gravesend East. NeighborhoodScout analysis shows that this rate is lower than 49.9% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 41.5% of the Gravesend East neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.9% of America's neighborhoods.

Also, in the Gravesend East neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 13.9% of residents here. This is a higher proportion of walking commuters than we found in 96.7% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Real Estate

The Gravesend East neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 52,956 persons per square mile in the neighborhood, it is more packed with people than 98.6% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Gravesend East neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Gravesend East neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 33.1% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 95.6% of America's neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Gravesend East neighborhood buck this trend. 29.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.1% of U.S. neighborhoods.

Diversity

Did you know that the Gravesend East neighborhood has more Ukrainian and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.7% of this neighborhood's residents have Ukrainian ancestry and 6.5% have Russian ancestry.

Gravesend East is also pretty special linguistically. Significantly, 13.4% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Gravesend East neighborhood has a greater percentage of residents born in another country (55.6%) than are found in 98.7% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Gravesend East neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.1% of the neighborhoods in America. With 14.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.0% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Gravesend East neighborhood, 37.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.3%), and 19.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Gravesend East neighborhood is English, spoken by 34.8% of households. Other important languages spoken here include Russian, Spanish, Chinese and Arabic.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Gravesend East neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Ukrainian (13.7%). There are also a number of people of Italian ancestry (8.2%), and residents who report Russian roots (6.5%), and some of the residents are also of Mexican ancestry (6.5%), along with some Asian ancestry residents (6.2%), among others. In addition, 55.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Gravesend East neighborhood spend between 45 minutes and one hour commuting one-way to work (69.0% of working residents), longer and tougher than most commutes in America.

Here most residents (41.5%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (20.1%) and 13.9% of residents also hop out the door and walk to work for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.


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