This article will discuss the real estate market surrounding 36 Cooper Street in Brooklyn. This neighborhood is known for its small apartment buildings, which are a rarity in the United States. A typical Cooper St property is just over 9,030 square feet. This neighborhood has more than half of the small apartment buildings in the United States, compared to 98.1% in other neighborhoods.
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Residents of 36 Cooper Street are mainly white. Contrary to this, residents of other NYC neighborhoods tend to be Latino/black. Those from Latin American descent are also more likely to own a home in the neighborhood, making it the perfect place to raise a family. Despite the low income, this area is safe and has low crime rates. While it is difficult to compare it to other neighborhoods in Brooklyn, this neighborhood is home to a diverse population.
This area has a 11.8% average vacancy rate, which is higher that the national average of 66.33%. The vacancy rate in Cooper St/Central Ave may reflect weak demand for residential real estate. While new construction in this neighborhood is not occupying many of its units, it can also be a factor. The neighborhood is small so most homes have large unoccupied spaces.
The Cooper St/Central Ave area is also notable for the commute length. It can drain your energy and time to commute to work. Many Cooper St/Central Ave residents commute 45 minutes to an hour and half to work. The Cooper St/Central Ave neighborhood is known for having a higher bicycle-ride rate than any other neighborhood in the U.S.