Wanna Save Money? Leave Brooklyn For Manhattan
The NY Daily News reports today that some Brooklyn neighborhoods are now more expensive than those in Manhattan (the article looks at neighborhoods below 90th Street, traditionally the pricier part of the island). “The median rental prices in DUMBO, Park Slope and Fort Greene were higher than those in the East Village, Lower East Side,…
The NY Daily News reports today that some Brooklyn neighborhoods are now more expensive than those in Manhattan (the article looks at neighborhoods below 90th Street, traditionally the pricier part of the island). “The median rental prices in DUMBO, Park Slope and Fort Greene were higher than those in the East Village, Lower East Side, Upper East Side, Midtown East and Murray Hill,” they write. Median sales in Fulton Ferry and DUMBO rose above Midtown East, East Village, Murray Hill and the Lower East Side, too. The apartments they looked at were of comparable size, they say. Brooklyn Heights one-bedrooms run a median rental of $2,180, while it’s $1,950 on the Upper East Side and $2,085 on the Lower East Side. What does this mean about our fair borough? “Brooklyn’s hot now, and your pricey rent just proves it.”
Brooklyn Neighborhoods and Homes Outpace Manhattan [NY Daily News]
Photo by raph.v.
I was a typical Manhattanite for many years and now that I live in Brooklyn (where we originally moved to save money) I really do much prefer Brooklyn over Manhattan, and like 11217, pretty much spend the bulk of my weekends here. That said, would I *never* move back if money was no object? I have to say there are some beautiful parts of Manhattan in the Village or UWS (even the UES) that are near tons of cool things, have great schools etc. And, while I know Bklyn is now crawling with Europeans, we have tons of European friends and Manhattan is still the premiere NYC destination, even if Brooklyn is regarded as a quaint and beautiful place to live. The reality is that Manhattan still has a much higher concentration of cultural offerings, high-powered offices, etc. What I really wish is that more offices would move to Brooklyn – when that happens, maybe there will be more parity with prices. I’ve actually lobbied my company to consider moving to Brooklyn but as a nonprofit with lots of VIP funders, there still seems to be a perception – fair or not – that Brooklyn is more a “shlep” (albeit it a beautiful, slightly exotic one) for many of the city’s more well-heeled residents.
You could build a nice replica of Brooklyn on the roofdeck of your Manhattan penthouse for $10MM. Probably.
“I would NEVER move back to Manhattan. Even if you gave me 10 million, bucks, I wouldn’t move back. ”
11217 – I hope you are kidding or very very rich – otherwise frankly, I think you are an idiot.
I love the Manhattan swagger. It’s generally possessed by recent grads who share a 1 bedroom with 2 other people on 74th btw York and the FDR.
I love Brooklyn and will undoubtedly never live in Manhattan again since I have 2 kids and need as much space as I can get. But if someone wants to trade their WV townhouse for my PS townhouse, I’ll drop off the keys tomorrow.
I am saddened, btw, that drug stores and banks have blighted some of the coolest parts of the city. Unfortunately, Brooklyn seems to be importing some of that culture as well.
I have five friends that all have great apartments in Manhattan (SOHO, West/East Village and UWS) three own and two rent (rather cheap). The thing is that they are not only moving to Brooklyn but they are all looking to come to South Bedford Stuyvesant to buy a brownstone. My friend from the EV just mad a offer on a place Sunday. Every weekend they are in my area looking at houses asking me questions about the area. I ask them coming from prime Manhattan neighborhoods why don’t you move to nice gentrified Park Slope Cobble Hill or Ft. Greene etc… They all say the same thing and that is they feel a connection with that part of Brooklyn… I think that is how New York is… Whatever neighborhood you feel connected to is where you want to live… Sometimes it has nothing to do with money.. I could have brought a house in another part of gentrified Brooklyn but I was not feeling a connection with that area anymore.
Manhattan a mall? Hon, you need to rent a car and go to Paramus. Those are malls.
“There may be an annoying elitist strain to the folks you meet in Manhattan but that’s just a symptom of Manhattan’s place on the world stage.”
It’s called swaggah.
Everyone interesting I’ve met while in Manhattan actually turns out to live in Brooklyn. Then again, I’m easily impressed.