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Park Slope: As the families that fed the area's nineties boom many of them Upper West Side transplants continue to dominate the area around the park, younger and artier refugees have settled near Fifth Avenue. Townhouses are the dwelling of choice, but the ones that hit the market tend to be fixer-uppers, and even those are no longer inexpensive. One- and two-bedroom apartments in larger buildings are relatively plentiful.

What's new: The sixteen-story Shinnecock luxury condos at Union Street, near Prospect Park, opened in 2002 and were the first new prime Slope development in decades. New buildings will also soon be popping up at President, Carroll, and 5th Streets between Fourth and Fifth Avenues an area that wasn't even considered Park Slope ten years ago. 'There's no other place to build,' says Corcoran's Patricia Neinast.

Park Slope is located near Prospect Park in Brooklyn, where you will always find something going on. Park Slope is a neighborhood known for its young, middle-class families who are just starting their families and the funky, artistic types that like to sip mimosas at the local restaurants. It is great to stroll around when you come to the area with your New York car rental to visit the park.

The people who live in Park Slope are mostly those that were part of the fuel for the economic boom of the 1990s. Many of them moved from the Upper West Side and continue to inhabit the area around the park. Most of the dwellings are townhouses, but many of them need a little work before they are really up to the standards of the neighborhood. There are also a number of one- and two-bedroom apartments.

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