58th St / 7th Ave median real estate price is $1,264,394, which is more expensive than 82.3% of the neighborhoods in New York and 94.4% of the neighborhoods in the U.S.
The average rental price in 58th St / 7th Ave is currently $2,595, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.7% of New York neighborhoods.
58th St / 7th Ave is a densely urban neighborhood (based on population density) located in Brooklyn, New York.
58th St / 7th Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the 58th St / 7th Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in 58th St / 7th Ave. The current real estate vacancy rate here is 20.1%. This is higher than the rate of vacancies in 87.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Brooklyn, the 58th St / 7th Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 102,556 people per square mile, it is more densely populated than 99.7% of America'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 58th St / 7th Ave 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 58th St / 7th Ave 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, 55.5% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.9% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The 58th St / 7th Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 72.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.9% of the neighborhoods in the United States.
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the 58th St / 7th Ave neighborhood have a highly unusual car ownership. 74.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.7% of U.S. neighborhoods.
In the 58th St / 7th Ave neighborhood, 33.2% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 98.5% of the neighborhoods in America.
Also, more people in 58th St / 7th Ave choose to walk to work each day (20.4%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Finally, our research shows that more people carpool to work here in the 58th St / 7th Ave (22.7%) than in 95.4% of the neighborhoods in America.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The 58th St / 7th Ave neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the 58th St / 7th Ave neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 13.8% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.3% of all neighborhoods in America.
Did you know that the 58th St / 7th Ave neighborhood has more Asian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 83.0% of this neighborhood's residents have Asian ancestry and 2.6% have Cuban ancestry.
58th St / 7th Ave is also pretty special linguistically. Significantly, 72.8% of its residents five years old and above primarily speak Chinese at home. This is a higher percentage than 100.0% of all U.S. neighborhoods.
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 58th St / 7th Ave neighborhood has a greater percentage of residents born in another country (69.6%) than are found in 99.7% of all U.S. neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the 58th St / 7th Ave neighborhood in Brooklyn are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.4% of U.S. neighborhoods. With 26.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.7% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the 58th St / 7th Ave neighborhood, 28.0% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.9%), and 22.2% in clerical, assistant, and tech support occupations.
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 58th St / 7th Ave neighborhood is Chinese, spoken by 72.8% of households. Other important languages spoken here include Spanish, English and Vietnamese.
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 58th St / 7th Ave neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (83.0%). There are also a number of people of Puerto Rican ancestry (3.0%), and residents who report Mexican roots (2.6%), and some of the residents are also of Cuban ancestry (2.6%), along with some Dominican ancestry residents (2.2%), among others. In addition, 69.6% of the residents of this neighborhood were born in another country.
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 58th St / 7th Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (29.7% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (13.8%) who commute over an hour in each direction.
Here most residents (33.2%) take the train to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (22.7%) and 20.4% 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.
