Cypress Hills, NY Real Estate And Homes For Sale 4 listings

Cypress Hills neighborhood photoCypress Hills is located in the north-easternmost part of Brooklyn, just north of Canarsie. East New York is bordered by the Cemetery of the Evergreens to the north (Jamaica Avenue), the neighborhood of City Line to the east, Canarsie and New Lots to the south (East 108th Street), and Brownsville & Bed-Stuy to the west (Rockaway Avenue).

Originally a commuter town that sprung up around mass-transit train lines in the 1830’s, Cypress Hills has witnessed waves of immigration throughout its history. As a result, the neighborhood offers a wide variety of multi-ethnic eateries and specialty shops.

Community:

Cypress Hills/East NY is home to the MTA’s ENY Bus Depot, which operates 13 bus lines in Brooklyn and 2 lines in Queens. The depot is a critical part of NYC’s mass-transit system, and an important part of the neighborhood’s economy. East New York also boasts one of only three Brooklyn stops on the Long Island Rail Road, providing direct access to Queens, Nassau, and Suffolk Counties. In the neighborhood of Cypress Hills, the Cypress Hills Local Development Corporation, a nonprofit group of activist residents and merchants, has revitalized the Cypress Hills community through economic development with grants to improve retail storefronts; housing preservation by renovating buildings to create affordable housing; and support for youth and families, including the creation of a community school.

The East Brooklyn Business Improvement District, another important nonprofit, operates in an area bordered by Powell Street (in Brownsville), East New York Avenue, Atlantic Avenue, Sheffield Avenue, and Sutter Avenue. The district includes an industrial park featuring businesses engaged in light manufacturing or distribution and a commercial strip on the southern border. The Local Development Corporation of East New York administers the State-designated Empire Zone in East New York, which offers financial incentives and tax credits, including wage tax credits for companies hiring full-time employees in newly created jobs, and utility discounts to businesses located within the zone. The organization also offers entrepreneur programs, including those targeted at women entrepreneurs, to encourage the development of small businesses.