The Next New Brooklyn
We’ve been told Philadelphia is the new Brooklyn, or Brooklyn is the new Manhattan, and sometimes we’ve been told that Manhattan is the new Brooklyn. New York Magazine reprised the latter argument. Prices are falling in brownstone Brooklyn, they say —″Statistics from Streeteasy.com show 38 percent of townhouses suffering price cuts in recent months, averaging…
We’ve been told Philadelphia is the new Brooklyn, or Brooklyn is the new Manhattan, and sometimes we’ve been told that Manhattan is the new Brooklyn. New York Magazine reprised the latter argument. Prices are falling in brownstone Brooklyn, they say —″Statistics from Streeteasy.com show 38 percent of townhouses suffering price cuts in recent months, averaging an 11 percent drop”—and the market is softening in Manhattan. Given the choice between similar prices in two boroughs, apparently some people are saying, “I’ll take Manhattan”—not that we know any of them. Not to worry. Even if fewer Manhattanites have been scouring the borough for deals, all’s well here. “Brooklyn now has its own momentum,” they report. “There are far more pro-Brooklyn partisans than there used to be.” Anybody out there witnessed this move-to-Manhattan phenomenon?
Manhattan: The New Brooklyn? [New York Mag]
View of Downtown Manhattan. Photo by drunkcat.
Yes, 11217 they do look familiar. They both look like they are written by smart people who are positive on the future of Brooklyn. First the bloggers go after bxgrl, and now you’re trying to drag Montrose Morris and PropJoe into the mix. What’s your point? If you’ve got something constructive to say, by all means …
I lived in Manhattan (mostly the E Vill) since 1986 and moved to Brooklyn in 2002. Initially I was thrilled with the neighborhood-y vibe and quiet streets. After a few years I find it frustrating and at time excruciatingly boring. Like most Manhattan transplants, I now have a baby and find myself sticking closer to home most of the time.
If I could have/afford the same amount of space (including backyard) in Manhattan I’d be back there in a hot minute.
I would love to have the amenities and service that one finds and expects in a typical Manhattan neighborhood.It would be a dream come true to be able to walk around the neighborhood with the baby and actually have something to do. It would be heavenly to be able to get a decent head of lettuce on the corner or cold medication without having to ride my bike to Target.
It comes as no surprise that the Flea Market, the one event that actually brings some life into this tired little hamlet, has the locals up in arms as if it’s some sort of Bacchanalian frenzy descended on their otherwise torpid little burg.
The argument is not whether ethnic enclaves should exist (they always will and they provide a fascinating, diverse fabric for the city) but whether there should be room to navigate between them and room for new people to integrate into them. It feels like we are mostly in agreement in this discussion and some lose semantics(and old animosities) are getting in the way.
whoa, good catch 11217. propjoe/koz, you have some explaining to do! marlo’s waiting.
right- and you and the others never go after anyone? the what just has to look at his computer and all of you are all over him like a massive car pile up. And, i disagree, aren’t you jumping into the conversation just like you’re complaining I did? benson doesn’t need you to defend him. Look to your own problems.
Posted by “PropJoe” on July 17, 2008:
“I’m liking the way Brooklyn is starting to shape up. Reminds me of late 80’s, early 90’s Manhattan. It’s going to be a fun ride over the next decade. It’s only logical that rents and housing prices near transportation will skyrocket in coming years. Boerum Hill, Forte Greene and Downtown will all be huge beneficiarys”
And also on July 17, 2008:
“Montrose Morris is right about atlantic being similar to SOHO in the 80’s. I spent the summer of ’87 subletting a loft on Mercer with some friends. Good times back then as the are was cool & edgy. Rents on Atlantic will skyrocket as more and more established “boutique” shops continue to open. The next logical expansion will be between 3rd and 4th as we’re already seeing some displacement of olde school tenants. The Arabs will probably sell out next to the likes of Steven Alan kind of stores. Koz Paley sees the writing on the wall & is doing a beautiful renvoation of her 6 building calling it the Atlantic Gardens. There’s money to be made in these parts. It’s only logical that houses & condos in Boerum Hill will continue to rise at a clip of 5-7% in coming years and maybe even as much as 10% once the BAM Cultural District comes to fruition. Right now, Atlantic Avenue is about as close as it comes to the NY we all knew & loved in the 80’s. It’s now moving into it’s early 90’s Manhattan stage. It’s all happening, folks”
Look familiar???
PropJoe…wait ’till the What and his sister DOW8000 get ahold of your property forecasts!!!!!!
oh, hi koz paley. i mean “propjoe.” by the way, don’t you belong in baltimore?
Similar to another favorite city of mine: Brooklyn is the left bank and Manhattan is the right bank. The current real estate “correction” will parse-out those who love Brooklyn’s relaxed-underground-bohemian vibe from the Manhattan-wannabe refugees who are living amongst us. Viva Brooklyn! 🙂