A report on the rental market in Manhattan and Brooklyn by real estate firm Douglas Elliman was released today and it found that the median rental price in North and Northwest Brooklyn was $2,572, essentially the same as it was this time last year. The rental price per square foot ticked up just 4.6 percent over the year. According to the report, this may indicate a period of slower rental price growth ahead. Studio apartments took the biggest hit, with the median price falling by 5.5 percent, possibly because some of these tenants are leaving the rental market to become first-time buyers. One and two bedroom apartments saw modest gains. The largest jumps were for luxury apartments: the average price and average price per square foot were both up 12 percent over this time last year for those units. And Brooklyn, even these tonier neighborhoods, remains a significant bargain over Manhattan with an average price per square foot of $35 compared to $50 in Manhattan.
Sunset Park’s Industry City is having quite the weekend on October 17 and 18.
A look at Brooklyn, then and now. Most of my Past and Present entries tell the story of what happened…
This third-floor walkup duplex at 459 12th Street in the South Slope has what you want in a loft: towering ceilings, cavernous…
Halloween is fast approaching, and with it come all sorts of scary scenarios, like a horde of tiny Minions banging…
Talk about new money overtaking old money.