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
“they are ones who can afford to buy your brownstone for you for $3 million. If they go away your $3 million price tag goes away too.”
Is that so, 12:10? I live on a North Slope block and I made a mental note at the last block party about what my neighbors do for work. There were VERY few “business” people in the crowd…I’d say maybe 10% or so…20% tops.
The rest were highly successful graphic designers, agents for literary or music firms, a couple doctors, 2 actors (both succcessful) and a handful of editors for magazines. Oh and one is a designer for Yves Saint Laurent.
Nearly all the people I mention are owners of 2 plus million dollar homes.
business people in nyc make so much mroe than those outside of it
Williamsburg is great for singles. There’s so much to do there and the whole community is comprised of good looking, young 20 and 30 something people. I’m not surprised the rent is more expensive than the Lower East Side. The LES stinks. Despite the hype that once was, it’s ugly, it’s not safe. Check the crime stats. If I were a young single woman I’d feel more safe living even in the fringe areas of Brooklyn than in the LES.
There are downsides to the apartments in Park Slope becoming unaffordable to singles, and not enough studio apartment rental stock in PS. Singles make bars and restaurants succeed. If there are fewer singles living in PS going out every single night, there go the amenities. Union Hall and Southpaw will always do well because of being a music venue. But the smaller bars and restaurants will struggle. They don’t make their money on food delivery to families who stay in and never go out. Especially with Park Slope landlords demanding huge commercial rents. The real money is made from liquor, from people sitting at a table eating and ordering drinks.
Most people I know who work as architects make about 45K a year. If you think they are all loaded, you are dellusional.
Business school is for those who don’t have a passion in life and just want to make a lot of money.
Settling for mediocre, essentially.
Many more loaded business school graduates than architectural school grads out there.
You need those loaded b-school people: they are ones who can afford to buy your brownstone for you for $3 million. If they go away your $3 million price tag goes away too.
I’d rather a suit….you need assless chaps to be ‘successful’ with a design/architecture/fashion major.
“but design and architecture degrees are much harder to receive than business degrees. They give business degrees to any idiot with a suit.”
So you mean all the architects that are designing all the new condo buildings going up around Brooklyn are all loaded…cause they’re architects?
I think you’re looking at the top 1% of the profession and extrapolating.
And try getting into a top-10 business school these days. It ain’t easy, suit or no suit.
But what if you’ve lived in NYC for 10, but Park Slope for only 1?
Does that mean I’ve got 9 more years till I become a “REAL PARK SLOPE??”
God…I don’t think I can wait!!!!
Oh wait…I lived here for a year back in 2000, so can I combine those two years, so now I only have 8 more to go???
Thank goodness.
i heard it was 10 years before you’re a “real” new yorker.
but some asshole italian dood told me that