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
I live in Park Slope, 12:20. I see with my own eyes who lives there, so that informs my opinions on top of stats. And just because people are unmarried does not mean they aren’t a family. Only the Republicans believe you can’t have a child and be a family if you aren’t married. Lastly, just look at the increasing empty storefronts in Park Slope. The types of businesses in Park Slope are changing, from independent cool little bars and restaurants to big stores and banks.
I don’t see a lot of these people leaving their brownstones anytime soon, 12:22 so it very well might be a non-issue.
Take a look at homes for sale in Park Slope on Corcoran’s website.
There are ZERO for sale.
hahaha business majors get so uppity when you say they’re worthless.
you know all you do is just move money for people richer than you….right?
I think with the closing of a bunch of these family friendly restaurants in Park Slope…2nd Street Cafe, Tempo Presto and the increase in smaller, better quality restaurants in the last year like Moim and Chiles and Chocolates, means that the non parents in the neighborhood are starting to get some attention from retailers.
Did anyone else hear that Pinkberry might be opening on 7th between Union and Berkeley…
12:16. Don’t fool yourself into thinking that the boom in Brooklyn property prices is driven primarily by a bunch of magazine editors.
There is no way that there are sufficient numbers of them that can throw $2 or $3 million at brownstones.
Whatever the profile of Brooklyn buyers was over the last 10 years, it is very different from the profile of buyers that will come over the next ten years.
It will be more money people, the ones that have no passions in life, according to one poster above. They are your neighbors of the future. Hope you’re looking forward to it.
12:13:
Park Slope is a full 40% single and over 70% are unmarried.
It was just discussed on an earlier thread this week. Check the stats on Property Shark for 11215 and 11217 if you don’t believe me.
Park Slope is not all families as you suggest. I believe the stat for married with children in those zip codes was 24%.
Williamsburg is about to overtake Park Slope (it may have already) as having more families with kids, so do a little research before making mass generalizations about a neighborhood.
Young lawyers are so miserable in their work, firms are having to offer incentives just to encourage people to stay lawyers and not quit the field. There was a NY Times article about it recently. Plus just based on my own experience every lawyer I know hates their job. As for business school graduates, they’re all trying to figure out how to work for themselves they’re so bored.
The liberal arts degree life and career(s) are ridiculous at times, but not thanks to the other scenario.
i dont know any singles that live by themselves anywhere.
they cram into apartments and split the rent
I majored in business, I’m 32 and on my second house AFTER my first co-op purchase in the city….oh, wait…I only have an undergrad so I had no shitty grad school debt….yup definitely more mediocre than a passionate broke-ass, fancy pants designer.
Cigars anyone?