Brooklyn was ranked the No. 2 most expensive place to live in the U.S. in the quarterly Cost of Living Index by the Council for Community and Economic Research, a Washington-based research group. First is Manhattan, followed by Brooklyn, Honolulu, San Francisco, San Jose, Queens and Stamford, Conn. The report ranks 300 urban areas weighted according to different types of costs for “mid-management households” — in other words, professionals and managers, according to a story on the report in the Brooklyn Daily Eagle. In New York City, the biggest and most important cost is housing. In Alaska and Hawaii, it’s food. Other costs considered include utilities, transportation and prescription drugs. Housing in Brooklyn costs more than three times the average; a city with average housing costs would be a place such as Erie, Pa., or Charlottesville, Va., said the Eagle. ”We are mindful that Brooklyn must never be a place of only the very rich or the very poor,” said Borough President Marty Markowitz to the Eagle. Does the report sound accurate to you? Do we need more affordable housing in the borough?
Expensive Brooklyn! Boro Ranks No. 2 in U.S. [Brooklyn Eagle]
Paging all (well off) families: There’s a big new apartment for sale at 133 Sterling Place in Park Slope. Located in a seven-year-old building at the corner of Sterling and 7th Avenue, the duplex apartment sports two bedrooms, a child-friendly “home office,” and a large private roof-top deck. The kitchen and living area on the […]
This four-bedroom in Carroll Gardens won’t be winning any design awards, but it’s a bargain for the location. All the bedrooms are true bedrooms, large enough to fit a queen-size bed and with closets and windows, according to the listing. The apartment has “exclusive roof rights” and there is “laundry in the building,” by which […]
Developer Adam America has put up a construction fence around 470 4th Avenue, the large development site where it plans to replace nine buildings on seven tax lots with a 12-story residential building. Demo permits were approved last year, before Adam America bought the property for $20,000,000 last month. A note in the file says demo […]
In case you were wondering just who is the market for 421 Kent, a non-Hasidic development in the heart of Hasidic Williamsburg, now we have the answer: Overseas Chinese investors. The site, which takes up an entire block and is 3.75 acres, was stalled for years and traded hands a few times before Beijing-based developer […]
In April of 1873, when the warming breezes of spring caressed the sideburned cheeks of wealthy male Brooklynites, they, as one, turned their attentions to their favorite pastime – racing their fancy horses and carriages along the roads leading to Coney Island. It was the place to be seen, and anyone who was anyone could […]