DoBro's Average Household Income to Double?
The average household income in Downtown Brooklyn and surrounding neighborhoods is expected to double in two years, according to marketing material for 345 Adams Street. Roger Greenstone, who’s eponymous firm is marketing Muss Development’s two floors of retail in the building, told us he expects to score high-end tenants that will cater to affluent residents…
The average household income in Downtown Brooklyn and surrounding neighborhoods is expected to double in two years, according to marketing material for 345 Adams Street. Roger Greenstone, who’s eponymous firm is marketing Muss Development’s two floors of retail in the building, told us he expects to score high-end tenants that will cater to affluent residents in the sorrounding community, a contingency that’s quickly taking over. Last year, Scan/US Inc. estimated households in Downtown Brooklyn, Brooklyn Heights, Fort Greene, Cobble Hill, Boerum Hill and Park Slope earn an average annual income of $87,139 based on U.S. Census Information. The Downtown Brooklyn Partnership estimates that number will jump to $172,000 $142,000 by 2010 thanks in part to 27,000 new condos under construction, according to the brochure. (Update: DBP just alerted us to the fact that Greenstone had the number wrong.) Some of those projects are presently stalled, but people have already moved into others like One Hanson Place and construction cranes are everywhere. Even if the increase is not quite double, it will still be pretty significant. See the full data after the jump…
Developer to Air Out 345 Adams Street [Brownstoner]
Chan upbeat about Downtown Brooklyn [Real Estate Weekly]
uniqlo (sp?) would be AMAZING in this location
asians have the highest avergae household income in the US. he needs to woo them.
Fulton Mall is h-i-g-h class baby!
Move over 5th Avenue Manahttan …
it something wrong with your server. these posts are all off topic. crime/sex/hot dogs? these topics are all some how connected in a weird fantasy type way but not to the topic of the rise in the “average household income in Downtown Brooklyn”
Greenstone might have better luck trying to woo shops that have been pushed out of SoHo than showing his new affluent neighborhood scheme- which is entirely based upon new high priced housing stock that may or may not take hold.
The household income has to increase if he hopes to sell his million dollar condos; the current residents can’t afford it.
I’ve seen us get wildly off topic before but 10:11 and 10:16 are just mind boggling!!!
“where are all the low & moderate income people going to go?”
Atlantic Yards anyone?
“like throwing a hot dog down a hallway”
excuse me? Personally I don’t care if you got your money being smart, stupid, inheritance or theft.But your Manhattan attitude is showing. what got your knickers in a twist? I basically agreed with you about value and neighborhoods (or can’t you read?) but if you think the police blotter is the only indication of what a neighborhood is like, let me point out to yiou I had a gun held to my head and was robbed in Brooklyn Heights. More of my manhattan friends have been mugged there than any Brooklyn friends.
As for the snide comment about a couple hundred thousand- well what can I say- you just must be EVER so much better than the rest of us because you have big bucks. So when you want to know how I can make a judgement about you- you make it really easy.