Brooklyn Inside & Out

Bloomberg has an article from Sept of the year entitled "Even New York City’s Wealthy Renters Can’t Avoid the Housing Crisis" and it lists the median rent for that zip code as $4,600 using streeteasy data from mid 24 to mid 25. Here is link (maybe behind paywall): https://www.bloomberg.com/graphics/2025-nyc-wealthy-renters-housing-crisis/ I did a mortgage calculator assuming 20% down, 6.3% interest rate, and assuming the monthly maintenance includes the taxes and it spit out a monthly payment of $4,587. So . . . roughly in line? I also looked at one bedroom apartments in the the West Wharf Greenpoint building and their one bedrooms are in the $5,500ish and up range. But you get a washer/dryer in unit and I think access to the pool and gym and stuff. https://westwharf.com/availability

Looks like unit 1R in the same building sold last year for $800k (asking $775k). Would be interesting to jump on streeteasy and compare to some of the new construction 1 bedrooms nearby with better finishes and amenities.

that seems pretty high for the size and condition of the apartment no? i know greenpoint is expensive but i didn’t think it was THAT expensive…

It all depends on the finishes and the finer details of location and amenities I think. This house doesn't show kitchen or bathrooms, and the listing obliquely notes that "updates will be desired." The asking price seems in bounds with nearby properties on teh market and recent sales: 616 E 19th asking $2.2 51 Dekoven asking $2.5 (price cut in Nov from 2.8) 481 East 18th got $2.5 last year (but it has central AC) 616 E 19th St sold for $2.15 in late 2023 There are some houses in the area that have gone for 3+ or close to 3 but they have tended to be really nicely updated with cool wallpaper and high end finishes. see for example 500 East 18th which is beautiful and has a massive and beautiful backyard.