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Manhattan Rents Beckon Brooklynites

Started by jason10006
over 13 years ago
Posts: 5257
Member since: Jan 2009
Discussion about
"Rents in several Brooklyn neighborhoods have increased so much that some residents are making the reverse move to Manhattan in search of lower prices." ... [more]
Response by marco_m
over 13 years ago
Posts: 2481
Member since: Dec 2008

the dump I can take, but not the hipsters lol

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Response by hol4
over 13 years ago
Posts: 710
Member since: Nov 2008

didn't read the article but that has to be the dumbest graph ever..

why woulld they compare all BK units to specifically NON-DOORMAN Manhatta apts?? comparing apples to coca

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Response by NYCMatt
over 13 years ago
Posts: 7523
Member since: May 2009

"why woulld they compare all BK units to specifically NON-DOORMAN Manhatta apts?? comparing apples to coca"

Not really.

That advertising "executive's" studio in Williamsburg was also likely a non-doorman building.

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Response by bjw2103
over 13 years ago
Posts: 6236
Member since: Jul 2007

What a terrible piece of journalism. While rents in Williamsburg are nuts, the mean for a studio is certainly NOT $2,700.

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Response by NYCMatt
over 13 years ago
Posts: 7523
Member since: May 2009

The writer was citing rents for Williamsburg.

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Response by aboutready
over 13 years ago
Posts: 16354
Member since: Oct 2007

This can't be representative of the real Williamsburg(h) rental market, but these prices are beyond surreal.

http://streeteasy.com/nyc/rentals/williamsburg-brooklyn/rental_type:frbo,brokernofee,brokerfee%7Cbeds%3C1

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Response by bjw2103
over 13 years ago
Posts: 6236
Member since: Jul 2007

ar, more representative of rents for newer buildings west of Bedford on the northside if anything. I've seen a lot of landlords who don't meet all those criteria try to price up accordingly (and sometimes succeed), but you can definitely find cheaper rents if you look. They're still up there, but not quite as loopy.

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Response by saiyar1
over 13 years ago
Posts: 182
Member since: Jun 2010

Problems I have with the article:

- Williamsburg is the focus when it comes to talking monthly rents. But there are MANY other BK areas that are simply not $2,700 for what that guy is getting. Williamsburg is overpriced, we all know that.

- They casually mention the size differential. This is a BIG deal. Brooklyn apartments are simply bigger. If they cost slightly more for more room in a prime neighborhood like BK Heights or (as some people claim) Williamsburg, then there is a give and take that cancels out somewhat.

- Walkups makee a big difference. There are many of those in Manhattan if you need a cheaper place. No thanks, I'd rather have an elevator and pay for it in Brooklyn.

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Response by hol4
over 13 years ago
Posts: 710
Member since: Nov 2008

from the same source..

Tribeca (non-doorman) studios - $4,150
Soho (non-doorman) studios - $2,499

wonder why these were left out??

if your throw in manhattan doorman units, means go up quite a bit for every single 'nabe on the island save Tribeca..

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Response by hol4
over 13 years ago
Posts: 710
Member since: Nov 2008

again from the same source, which the author felt the need to leave out...

Manhattan June 2012 Studio Mean (Doorman) - $2,691
Manhattan June 2012 Studio Mean (Non-Doorman) - $2,260

Brooklyn June 2012 Studio Mean - $1,832

great journalism...

someone's getting sick of the hipsters in his 'hood

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Response by Ottawanyc
over 13 years ago
Posts: 842
Member since: Aug 2011

Yes useless article. Basically took rents for a studio at the Edge and called it Brooklyn.

Comparable place in a desirable neighbourhood in Manhattan (say Chelsea) is still going to be 50% than somewhere in Williamsburg.

I just feel bad for those people who had to move to the Upper East Side.

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Response by malthus
over 13 years ago
Posts: 1333
Member since: Feb 2009

Don't feel bad. According to the article, they have a taco place now.

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Response by Fairway
over 13 years ago
Posts: 156
Member since: Feb 2011

The Upper East Side is better than Brooklyn

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Response by Ottawanyc
over 13 years ago
Posts: 842
Member since: Aug 2011

Fairway, given such precision one must query whether you are in fact the author of the article?

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