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.
youd be suprised how many “1 bedrooms” are on the UES that are about 350′. the bedroom can fit a twin bed and maybe a small dresser, and you can put your feet up on the stove while sitting on your couch. and that’ll run you about 1500.
But Pete, what about rent statbilized apts – wouldn’t that skew the numbers?
and Corcoran list 60 1 bedrooms aots on UES – 2 of which are under $2000.
My UES one bedroom, 765 sq. ft., rents for $2,350. I don’t think that it is a very big one bedroom. It has one bath but a nice kitchen with an island. It’s not a modern building so the closets are just OK. No other amenities. I think those numbers they quoted might include a lot of high rises above 100 St!!!!
Streeteasy as the source? c’mon.
Just read that $1950 is median rent on UES for a 1 bedroom apt. Immediately you know something is way off. That is saying 1/2 of apts (1 bedrooms) are less than $1950.
Maybe if UES includes the Bronx.
“The notion that Manhattan (excluding LES and Uptown) is cheaper than Brooklyn is unsustainable and will correct itself.”
This is the crux of it. You either agree or disagree with this statement. It is “unsustainable” only if Manhattan is more desirable. It certainly was not more desirable to me. I did not move to save money, I desired Brooklyn… a lot more.
…and in a downturn i want to be in brooklyn even more, not because it is cheaper but because it is a better place to relax.
…but then I’m not 30 anymore
25/50% Drop: totally agree … even thought I prefer to live in Brooklyn, every non-native NYCer I know prefer Manhattan
“Brooklyn’s hot now”
Brooklyn was always hot. Ask life long residents (me). This is the borough we always wanted to be in. This is where we called home, gew up, raised familes.
As neighborhoods improved, Condos went up,and prices got overinflated…now, they’re calling it hot??
Please, even if the shift changes again, brooklyn lovers will always think Brooklyn is HOT!!!
I would assume that Brooklyn Heights has always been more expensive than the LES.