DNAinfo Asks If Bay Ridge Is the New Williamsburg
After noticing some trendy restaurants and a rise in development sales in Bay Ridge, DNAinfo wonders if it could be the next hip neighborhood with a real estate boom. Bay Ridge had 20 percent of the new development sales in the first quarter of 2014, the most of any neighborhood, according to MNS’ latest report….
After noticing some trendy restaurants and a rise in development sales in Bay Ridge, DNAinfo wonders if it could be the next hip neighborhood with a real estate boom. Bay Ridge had 20 percent of the new development sales in the first quarter of 2014, the most of any neighborhood, according to MNS’ latest report. However, MNS CEO Andrew Barrocas pointed out that the hood’s 14 transactions mainly illustrate the lack of inventory in other neighborhoods.
The median price per square foot rose 7.4 percent over the past year, from $517 to $558, and the median home price increased 14.5 percent, from $560,037 to to $655,498. One realtor told DNAinfo that new condo buyers in developments like 185 Battery Avenue, pictured above, were transplants from Brooklyn Heights or Williamsburg looking for more affordable options.
While the neighborhood isn’t going to have $2,000,000 condos anytime soon, it has seen a slew of new upscale restaurants and coffee shops, like Italian grocery A.L Coluccio, farm-to-table restaurant Brooklyn Beet Company, a craft beer bar and sausage joint called Lock Yard, and the Coffee Lab.
Is Bay Ridge Poised to Become the New Williamsburg? [DNAinfo]
Photo of 185 Battery Avenue via Dorsa Property Group
Williamsburg: right across the river from Manhattan. Bay Ridge: to hell and gone all the way on the other side of Brooklyn from Manhattan.
R Train
Bay Ridge has always had great restaurants etc. The only thing that has changed is that the REBNY brokers have made some Columbus trips and “discovered” it.
I’ve been hanging down there a bit. There’s definitely enough artisanal goods and craft beer to keep me happy. Let the invasion begin!!
First of all, why do you cheer on the “invasion” of who…? Whose invading who? Lame transplants invading a family-oriented neighborhood void of any pretension?
Second of all, Bay Ridge is not the next anything, it’s Bay Ridge. It has very high ownership and it’s too far into Brooklyn for lame transplants to feel cool. So don’t choke on your overpriced craft beer while holding your breath for more “invaders”.
She slapped me first, so yes.
seriously though – homebrew – good times?
make me some beer at your home and i’ll buy it for 9 dollars a pint