The Price is High, But Manhattanites Are Buying It
As Brooklyn real estate got pricier and pricer in the ’00s, a greater number of Manhattanites moved here, according to an article in the Observer. IRS data shows that more than 3,700 Manhattan residents moved to Brooklyn in 2006 (the most recent year for which such stats are available), the most this decade. At the…
As Brooklyn real estate got pricier and pricer in the ’00s, a greater number of Manhattanites moved here, according to an article in the Observer. IRS data shows that more than 3,700 Manhattan residents moved to Brooklyn in 2006 (the most recent year for which such stats are available), the most this decade. At the same time, more than 10,000 Brooklynites have moved to either Staten Island or Queens every year since ’02. The point of the article is that while Brooklyn has continued to get more expensive (per Miller Samuel, median condo/co-op price in Manhattan in ’07=$850,000; per Corcoran, median price for a brownstone Brooklyn unit last year was $590,000) and the pricing gulf between the two has narrowed, moving to Brooklyn is no longer driven purely by economic necessity: “Perhaps it’s that Brooklyn has ceased to be simply another economic option for priced-out Manhattanites; instead, it’s now safer than ever to assume that moving to Brooklyn is more of a social or personal decision than an economic one. It will only become more so as real estate differences between the two melt away.”
Where Brooklyn Gets Its New Yorkers [NY Observer]
Graphic by Nigel Holmes for The Observer
OMG the world is coming to an end…
THE MANHATTANITES ARE TRYING TO CONVINCE THE BROOKLYNITES TO MOVE BACK!!!!!!
lolololol
Born and bred in Brooklyn, but after 30+ years there I moved to Manhattan last year. I can walk to work, I can walk to China Town, Soho, the Village(s), the LES, etc. I generally feel safer here than where I grew up. My rent is higher, but my building is ridiculous. My neighborhood has suits, tourists, locals, families, teenagers, every ethnicity under the sun, chain stores, mom & pop shops, historic architectural gems as well as brand new shimmering skyscrapers, Starbucks and a small local coffee shop next door to each other, great restaurants, great night life, parks, etc. etc. As an added plus, not a hipster in sight (although if for some reason I missed them I they are still in abundance in the East Village, Alphabet City and LES).
BK and Manhattan are different in many ways, but the simplistic descriptions of Manhattan in this thread are just defensive silliness, and the comparison to the suburbs is absolutely absurd. In fact I just read an article by a BK preservationist complaining that Brownstone BK had been intended as a “quiet suburb” and that that “suburban character” was being destroyed by the Manhattanization of the borough….
http://www.1010wins.com/Tourist-Fights-Off-Attacker/2436510
This occurred on the “quiet” Upper East Side.
lets face it most people who live in Brooklyn would live in Manhattan if they could afford it. Brooklyn is the land of ex manhattanites who could no longer afford it. I had to downgrade to Brooklyn from manhattan 2 years ago after being priced out
I agree with the comments that the UES is drop dead boring…BUT that’s where the BEST townhouses are. And, its quiet, which means boring to most people.. You can go anywhere, at anytime of the day in NYC for noise.
“We’d be better off if everyone stoking this borough war would just throw themselves under the next A train!”
You first!
the part about the exodus from brooklyn to queens or staten island is so true. all my extended family have moved to queens (12+ familes) and a good number of friends have moved to staten island. It had nothing to do with preference but simple economics. To a purchase a house (not condo/coop) in a good&safe neighborhood in brooklyn was out of reach for most. and they are all professionals. I purchased a fixer upper and did the DIY thing, I rent part of my home to artsy 20- something year olds. this is new brooklyn reality.
I’m so tired of this bullshit arguement. Comparing Manhattan and Brooklyn is like comparing apples and oranges period!!! We’d be better off if everyone stoking this borough war would just throw themselves under the next A train!
2:03….you need to go read the Adelphi HOTD thread to see what kinds of “artists” are choosing to live in Brooklyn these days. We are talking very successful ones…