Brooklyn Apartments No Bargain Compared to Manhattan
While it’s not exactly breaking news that rents in Park Slope and Williamsburg are very high, did you know that median rents in the two neighborhoods are steeper than they are in Hell’s Kitchen and the Lower East Side? The Observer has an article this morning about how rents in A-list Brooklyn neighborhoods continue to…
While it’s not exactly breaking news that rents in Park Slope and Williamsburg are very high, did you know that median rents in the two neighborhoods are steeper than they are in Hell’s Kitchen and the Lower East Side? The Observer has an article this morning about how rents in A-list Brooklyn neighborhoods continue to rise while prices in the Manhattan rental market begin to dip—taken together, the trends suggest that Brooklyn’s days of being an affordable alternative to Manhattan are long gone (as if anyone needed a newspaper to tell them that!). According to listings on StreetEasy, the median monthly rent in Park Slope is $3,050, while Williamsburg’s median is $2,900. Both numbers are higher than the median rent on the Lower East Side ($2,700). In addition, rents in prime Brooklyn neighborhoods have gone up at a startling pace over the past couple of years: The median rent for Park Slope in ’05 was a comparatively affordable $1,090. Conclusion, per the article: “Queens, anyone?”
Park Slope Living at Manhattan Rents! [NY Observer]
Photo by DEDE_LE
Manhattan is definitely getting cheaper than Brooklyn; searching for cheap shares, I get more listings for the Lower East Side than I do Williamsburg or Greenpoint (Park Slope area, never).
A share in Sunset Park – $700/month. A share on the Lower East Side? $700/month. Why on earth would anyone stay in Brooklyn?
I was born in Brooklyn and have lived here for years, but you have to admit, the rents have gone absolutely out of control within the past -2- years. We all knew it: the place was going to get more expensive than Manhattan, and people would start moving back there. and… well, here we are.
Don’t be in denial people.
Yet another incentive to STAY in Manhattan.
many 20-30 year olds have roommates because they find paying over 1500 dollars a month for housing laughable.
“brooklyn heights sucks. filled with a bunch of bush loving republicans. cobble hill? where the hell is that?”
2:55 Your obviously not from here. Brooklyn Heights is liberal as any other part of Brooklyn but with more money. I don’t know a single Bush lover.
11:48-so people who couldn’t make the living in NYC that they wanted to and left are not bright? Their are plenty of bright people in this city who don’t make much money. Just for your stupid post I would love to see someone break your legs and bust your kneecaps. That would bring a big smile to my face.
<3
6:35 – um, no many people in their 20’s and 30’s do not have 2-3 roommates. who do you know? people make mucho money here. i never had to have roommates. if you can’t make money in this town, you are not too bright.
Williamsburg sucks. Park Slope sucks. All overpriced and so white. Cobble Hill is just as expensive as Park Slope. Many more neighborhoods will follow these neighborhoods as some already are. You want to live cheap move to Crown Heights, Sunset Park, or Bed-Stuy before these neighborhoods get expensive. With all the building that is going on it’s probably going to happen.
Many people in their 20’s and 30’s in this city have 2 or 3 roommates. In 10 years most likely their will be 4 people crammed into a 2 bedroom apartment in many neighborhoods of brooklyn.
Hey, 6:01. They probably lived there fifteen years before you read about it in a magazine, so that makes them cooler than you are.