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
12:42…I live there and I frequent all of the great restaurants and shops that PS has to offer.
Most of my friends in the neighborhood are totally pscyhed about all new stuff opening, actually.
Rarely do I have to wait for a table. But they know me at the busier places like Al Di La and Blue Ribbon.
Most people live in NYC because it’s a destination. You are naive if you think people who live in Park Slope don’t appreciate that it’s one of the most vibrant neighborhoods in Brooklyn and that people travel all over (including a surge from abroad) to check out our shops and food.
I welcome these people. It’s what keeps our commerce thriving. More stuff is opening all the time to replace the outdated relics of the past.
I always had trouble believing how many people went to 2nd street cafe. I thought it had lousy food and was way too nosiy from all the kids. Feel bad for the owner who seemed like a honorable chap, but I look forward to seeing a new place open in that spot. Hopefully not yet another faux French Bistro or cut rate Sushi.
12:38…
if you didn’t care, you wouldn’t have written anything. it’s called defensive and it’s psych 101.
“The new crop is definitely geared more towards the younger, singles set.”
The singles set that cruises over to Park Slope from South Slope, WT, PH, CH, Gowanus and where ever else they actually live.
PS is a destination neighborhood in Brooklyn now. That’s why the streets are clogged with cars, there’s no parking, and you have to wait for tables. People I know that actually live there complain about all this all the time now. Be careful what you wish for.
for the year I have lived in park slope no banks and big stores have moved in and tons of new smaller stores have opened. Although there are tons of banks in real estate offices which is lame
“hahaha business majors get so uppity when you say they’re worthless.”
Business majors aren’t worried about what you – sitting in a coffee shop with your little laptop – thinks about them. Trust me on that.
People make SUCH a big deal about banks overtaking their neighborhoods. Many with good reason, but that is actually NOT the case in Park Slope.
Park Slope has two major retail strips with over 65,000 people and it has one Chase on each 7th and 5th, one Commerce on 5th, two Atm only Bank of Americas, an Astoria Federal on each strip and not much else.
Park Slope is actually NOT turning into one big bank branch as you suggest, but is merely keeping up with demand. I know most people who would actually WELCOME another bank branch in PS.
You have fallen for media hype over what actually exists in the neighborhood.
You also have chosen to focus on the negative, because just without thinking the following (mostly independent or two shop enterprises) places have opened in Park Slope over the last 12 months:
Moim
Chiles and Chocolate
Flight001
Cafe Tapeo
Trois Pommes Bakery
GetFreshNYC
Canaille French Bistro
A.O.C. Bistro
Private Stock
Bump
Teddy
Maria’s Restaurant
Brooklyn Bakery coming soon
Soula Shoes
I’d say that list is a helluva lot better than the list of places closing like Tempo Presto, 2nd Street Cafe, etc.
The new crop is definitely geared more towards the younger, singles set. Not too many moms I know spending 450 bucks on a new suitcase at Flight001 for their trip to Dubai.
“Park Slope is a full 40% single and over 70% are unmarried.”
?????
“Take a look at homes for sale in Park Slope on Corcoran’s website.
There are ZERO for sale.”
If there are ZERO for sale then how do we know they are worth $3 million?
And it’s beside the point. They ones that do sale are all getting snapped up by magazine editors and architects at $3 mil a pop?