The NY Daily News reports today that some Brooklyn neighborhoods are now more expensive than those in Manhattan (the article looks at neighborhoods below 90th Street, traditionally the pricier part of the island). “The median rental prices in DUMBO, Park Slope and Fort Greene were higher than those in the East Village, Lower East Side, Upper East Side, Midtown East and Murray Hill,” they write. Median sales in Fulton Ferry and DUMBO rose above Midtown East, East Village, Murray Hill and the Lower East Side, too. The apartments they looked at were of comparable size, they say. Brooklyn Heights one-bedrooms run a median rental of $2,180, while it’s $1,950 on the Upper East Side and $2,085 on the Lower East Side. What does this mean about our fair borough? “Brooklyn’s hot now, and your pricey rent just proves it.”
Brooklyn Neighborhoods and Homes Outpace Manhattan [NY Daily News]
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