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Real Estate Prices & Overview

Ocean Pkwy / Avenue N median real estate price is $1,073,116, which is more expensive than 77.5% of the neighborhoods in New York and 92.2% of the neighborhoods in the U.S.

The average rental price in Ocean Pkwy / Avenue N is currently $3,785, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.5% of the neighborhoods in New York.

Ocean Pkwy / Avenue N is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Ocean Pkwy / Avenue N 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 Ocean Pkwy / Avenue N 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 1940 and 1969.

Vacant apartments or homes are a major fact of life in Ocean Pkwy / Avenue N. The current real estate vacancy rate here is 27.1%. This is higher than the rate of vacancies in 94.1% 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.

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.

Real Estate

The Ocean Pkwy / Avenue N neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 48,374 persons per square mile in the neighborhood, it is more packed with people than 98.4% 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 Ocean Pkwy / Avenue N 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 Ocean Pkwy / Avenue N 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, 31.5% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 95.2% of America's neighborhoods.

Modes of Transportation

If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 29.9% of the Ocean Pkwy / Avenue N neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.4% of America's neighborhoods.

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.8% of residents in the Ocean Pkwy / Avenue N neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 98.1% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Finally, more people in Ocean Pkwy / Avenue N choose to walk to work each day (15.9%) 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.

Car Ownership

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 Ocean Pkwy / Avenue N neighborhood have a highly unusual car ownership. 44.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.3% of U.S. neighborhoods.

Diversity

Did you know that the Ocean Pkwy / Avenue N neighborhood has more Ukrainian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.8% of this neighborhood's residents have Ukrainian ancestry and 6.9% have Arab ancestry.

Ocean Pkwy / Avenue N is also pretty special linguistically. Significantly, 1.3% 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 97.2% of the neighborhoods in America.

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 Ocean Pkwy / Avenue N 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 62.5% of U.S. neighborhoods. With 48.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.4% 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 Ocean Pkwy / Avenue N neighborhood, 40.6% 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 23.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (20.8%), and 14.7% 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 Ocean Pkwy / Avenue N neighborhood is English, spoken by 52.5% of households. Other important languages spoken here include Spanish, Chinese and German/Yiddish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Ocean Pkwy / Avenue N neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Ukrainian (14.8%). There are also a number of people of Asian ancestry (8.0%), and residents who report Arab roots (6.9%), and some of the residents are also of Mexican ancestry (5.1%), along with some German ancestry residents (2.6%), among others. In addition, 34.5% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Ocean Pkwy / Avenue N neighborhood spend between 45 minutes and one hour commuting one-way to work (33.2% of working residents), longer and tougher than most commutes in America.

Here most residents (30.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (29.9%) and 15.9% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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