http://www.ft.com/intl/cms/s/2/b54c41d0-2690-11e3-9dc0-00144feab7de.html#axzz2gn89pPl2 The average sales price for a home in Brooklyn now stands at a record $671,011; the median price is $550,000. In Brooklyn’s upmarket sector, average and median sales prices rose 15.1 per cent and 20.4 per cent respectively, compared with the year before. The average price for a high-end home (the top 10 per cent... [more]
http://www.ft.com/intl/cms/s/2/b54c41d0-2690-11e3-9dc0-00144feab7de.html#axzz2gn89pPl2
The average sales price for a home in Brooklyn now stands at a record $671,011; the median price is $550,000. In Brooklyn’s upmarket sector, average and median sales prices rose 15.1 per cent and 20.4 per cent respectively, compared with the year before. The average price for a high-end home (the top 10 per cent of all sales) in Brooklyn now stands at $1.9m.
While those figures fall short of Manhattan prices, experts say home prices in Brooklyn are rising faster than in Manhattan and the pace of sales is at a record high. The average sales price for a Manhattan home is $1.424m; the median price is $865,000, according to Douglas Elliman
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The median apartment rent in Brooklyn, the most populous of New York’s five boroughs and once a refuge from Manhattan’s sky-high costs, was the highest in at least five years in August, rising 4.6 percent from a year earlier to $2,850, according to appraiser Miller Samuel Inc. and broker Douglas Elliman Real Estate. In Manhattan, rents gained 1.8 percent to a median of $3,150.
Manhattan’s Reverse
The condo units being built in Brooklyn today are smaller, lower-rise properties, as developers shy from large-scale towers that could take years to build and might be finished at a time when mortgage rates are higher and they are more difficult to sell, said Michael Falsetta, a new-development specialist with appraisal firm Miller Cicero LLC.
WILLIAMSBURG — Skyrocketing rents, cramped apartments and a cut-throat rental market. Conditions that originally forced New Yorkers out of Manhattan are now sending them back, a report claims.
A real-estate expert said Williamsburg and DUMBO homes have become so hot that people are being priced out — and Manhattan has become a cheaper alternative.
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Response by rb345
over 12 years ago
Posts: 1273
Member since: Jun 2009
Riversider:
1. rents and equity prices have been higher in brownstone Brooklyn than
Manhattan's UES for a long time
2. the quality of life is a lot nicer and far more relaxed
3. however, in my opinion much of Williamsburg is really ugly and, in a
rational market, would price much lower than brownstone Brooklyn
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Response by alanhart
over 12 years ago
Posts: 12397
Member since: Feb 2007
Much of Williamsburgh = ugly is not an opinion ... it's a fact.
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Response by West34
over 12 years ago
Posts: 1040
Member since: Mar 2009
Williamsburg totally dominates Manhattan in vinyl siding per square mile.
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Response by Riversider
over 12 years ago
Posts: 13572
Member since: Apr 2009
rb345. There's a lot to like about Brooklyn. But what you say about quality of life in my view goes more with Brooklyn Heights or Park Slope. Williamsburg has that hipster image to deal with, less than the best subway access and the growing pains of transitioning from the neighborhood that it was to what it will be. And along the way lots of new money being thrown around, not all of it experienced.
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Response by fieldschester
over 12 years ago
Posts: 3525
Member since: Jul 2013
New Yorkers don't buy in Williamsburg, therefore they are not comparable. Williamsburg is an alternative for Ottawa, or Tacoma, good places with gold solid Americans but just not New York City.
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Response by aboutready
over 12 years ago
Posts: 16354
Member since: Oct 2007
Oh, and my transportation options beat the ones available to the RSB residents any day.
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Response by polisson
over 12 years ago
Posts: 116
Member since: Oct 2009
"ugly and, in a rational market, would price much lower"
right.... aesthetic appeal is the top criterion in rational valuation
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Response by huntersburg
over 12 years ago
Posts: 11329
Member since: Nov 2010
>RS, you stupid piece of shit, how often have you been to Williamsburg?
“The people who live in those towers on the north side, they don’t want to experience anything authentically Brooklyn,” said Robert Anasi, the author of “The Last Bohemia: Scenes From the Life of Williamsburg, Brooklyn.” “It’s a totally homogeneous living experience,” he said.
But residents of the north are not above stereotyping, either. To them, the south can feel, well, a little too real: a backwater of vinyl siding, dusty bodegas, Gen-Y drifters and unrenovated dumps unfit for civilized company. As they see it, their corner of Williamsburg has matured into a desirable address, one with ample green space and light, see-and-be-seen-in restaurants and amenities rivaling tonier ZIP codes.
“It’s just like an extension of Manhattan now,” said David Weinholdt, a waiter at Café de La Esquina near North Third Street, a spinoff of the Manhattan taqueria. “But people who live here like to think it’s cooler than Manhattan.”
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Response by fieldschester
over 12 years ago
Posts: 3525
Member since: Jul 2013
Riversider, does aboutready live on the north or south side?
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Response by aboutready
over 12 years ago
Posts: 16354
Member since: Oct 2007
Idiot. According to the article neither. Williamsburg is huge.
New cafes, boutiques, and trendy restaurants popping up in Greenpoint lure young professionals to hop on the G train and travel to this North Brooklyn neighborhood. But while the area looks more polished than in years past, it’s far from clean; trash spills over garbage cans on to the sidewalks and graffiti decorates many of the businesses’ walls, windows, and doors.
“My office gets graffitied every couple of weeks,” said Nick Balalis, a construction worker and part-time manager at Manhattan Restaurant.
Greenpoint came in at the top of the list of the dirtiest neighborhoods in New York City in an August study by MIT that used Google Street View to compare random city streets. NYU’s Furman Center for Real Estate and Urban Policy’s 311 data shows that during the summer of 2012 Greenpointers’ most frequent complaints concerned vermin infestation. Councilman Steven Levin recently announced a new plan to clean up the neighborhood, though only one business owner has signed on so far. In the meantime, local leaders are concerned that a controversial proposal for 10 residential towers on Greenpoint’s waterfront, if passed, will bring in over 10,000 more residents and the trash problem will only get worse.
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Response by ericho75
over 12 years ago
Posts: 1743
Member since: Feb 2009
"Greenpoint came in at the top of the list of the dirtiest neighborhoods in New York City in an August study by MIT that used Google Street View to compare random city streets. "
So true...
Not only does it have one of the ugliest skyline of NYC (power plant), by far it is also the dirtiest.
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Response by alanhart
over 12 years ago
Posts: 12397
Member since: Feb 2007
Greenpoint suffers from the toxic sludge oozing south from its upshore neighbor.
Its only option is to cover the ground with a layer of Saran Wrap and declare the problem "abated."
I wonder if toxic sludge oozes northward as well ... ?
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Response by aboutready
over 12 years ago
Posts: 16354
Member since: Oct 2007
More than the number of days a week you show evidence of using whatever brain you might minimally employ, HB/GB/RS/HSF.
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Response by fieldschester
over 12 years ago
Posts: 3525
Member since: Jul 2013
>More than the number of days a week you show evidence of using whatever brain you might minimally employ, HB/GB/RS/HSF.
I'm assuming then we are talking greater than 1, but still far from 7 that you use your feet.... the other 2, 3, 4, or 5 days a week that you sit at home, are you eating bonbons, or what? do your kids and husband serve you, move your pillow? what do you use for toileting?
http://www.businessweek.com/news/2013-10-04/brooklyn-condo-boom-cooled-by-manhattan-like-rents-mortgages
The median apartment rent in Brooklyn, the most populous of New York’s five boroughs and once a refuge from Manhattan’s sky-high costs, was the highest in at least five years in August, rising 4.6 percent from a year earlier to $2,850, according to appraiser Miller Samuel Inc. and broker Douglas Elliman Real Estate. In Manhattan, rents gained 1.8 percent to a median of $3,150.
Manhattan’s Reverse
The condo units being built in Brooklyn today are smaller, lower-rise properties, as developers shy from large-scale towers that could take years to build and might be finished at a time when mortgage rates are higher and they are more difficult to sell, said Michael Falsetta, a new-development specialist with appraisal firm Miller Cicero LLC.
http://www.dnainfo.com/new-york/20130117/williamsburg/brookyln-rents-so-high-theyre-forcing-residents-manhattan-report-says
WILLIAMSBURG — Skyrocketing rents, cramped apartments and a cut-throat rental market. Conditions that originally forced New Yorkers out of Manhattan are now sending them back, a report claims.
A real-estate expert said Williamsburg and DUMBO homes have become so hot that people are being priced out — and Manhattan has become a cheaper alternative.
Riversider:
1. rents and equity prices have been higher in brownstone Brooklyn than
Manhattan's UES for a long time
2. the quality of life is a lot nicer and far more relaxed
3. however, in my opinion much of Williamsburg is really ugly and, in a
rational market, would price much lower than brownstone Brooklyn
Much of Williamsburgh = ugly is not an opinion ... it's a fact.
Williamsburg totally dominates Manhattan in vinyl siding per square mile.
rb345. There's a lot to like about Brooklyn. But what you say about quality of life in my view goes more with Brooklyn Heights or Park Slope. Williamsburg has that hipster image to deal with, less than the best subway access and the growing pains of transitioning from the neighborhood that it was to what it will be. And along the way lots of new money being thrown around, not all of it experienced.
New Yorkers don't buy in Williamsburg, therefore they are not comparable. Williamsburg is an alternative for Ottawa, or Tacoma, good places with gold solid Americans but just not New York City.
Oh, and my transportation options beat the ones available to the RSB residents any day.
"ugly and, in a rational market, would price much lower"
right.... aesthetic appeal is the top criterion in rational valuation
>RS, you stupid piece of shit, how often have you been to Williamsburg?
RS, you ignorant slut!
Time for some Sobe Green Tea
http://www.hark.com/clips/tfgtygnbgc-sobe-green-tea
It's 10:30ish AM ... you must mean soju, not sobe.
aboutready:
Your rude and disparaging remarks about Riversider suggest that you are about ready
to be straightjacketed
Oh piss off. You have no idea. Being rude to riversider is a very rational choice.
Some parts of WBurg might be close in raw price but if you take full cost of living into account taxes + maintenance, Manhattan is way more expensive.
Manhattan cream cheese is very pricey.
True. And it should be. Because manhattan cream cheese is special.
I agree with aboutready, this whole thread is ridiculous, Williamsburg is not Manhattan.
http://streeteasy.com/nyc/talk/discussion/36697-williamsburg-no-more-need-for-aboutready-to-call-FreshDirect-for-a-refund-on-bananas
http://www.nytimes.com/2013/09/26/fashion/the-williamsburg-divide.html?pagewanted=1&_r=1&ref=fashion
“The people who live in those towers on the north side, they don’t want to experience anything authentically Brooklyn,” said Robert Anasi, the author of “The Last Bohemia: Scenes From the Life of Williamsburg, Brooklyn.” “It’s a totally homogeneous living experience,” he said.
But residents of the north are not above stereotyping, either. To them, the south can feel, well, a little too real: a backwater of vinyl siding, dusty bodegas, Gen-Y drifters and unrenovated dumps unfit for civilized company. As they see it, their corner of Williamsburg has matured into a desirable address, one with ample green space and light, see-and-be-seen-in restaurants and amenities rivaling tonier ZIP codes.
“It’s just like an extension of Manhattan now,” said David Weinholdt, a waiter at Café de La Esquina near North Third Street, a spinoff of the Manhattan taqueria. “But people who live here like to think it’s cooler than Manhattan.”
Riversider, does aboutready live on the north or south side?
Idiot. According to the article neither. Williamsburg is huge.
Fieldchester is definitely not manhattan.
Greenpoint is the new Williamsburg.
http://www.nytimes.com/2012/07/22/realestate/in-brooklyn-greenpoint-ready-to-follow-in-williamsburgs-footsteps.html?pagewanted=all
Good. More restaurants. Within walking distance when feeling motivated.
>Within walking distance when feeling motivated.
How days a week do you use your feet?
How many days a week do you use your feet aboutready?
http://nycitylens.com/?p=9337
New cafes, boutiques, and trendy restaurants popping up in Greenpoint lure young professionals to hop on the G train and travel to this North Brooklyn neighborhood. But while the area looks more polished than in years past, it’s far from clean; trash spills over garbage cans on to the sidewalks and graffiti decorates many of the businesses’ walls, windows, and doors.
“My office gets graffitied every couple of weeks,” said Nick Balalis, a construction worker and part-time manager at Manhattan Restaurant.
Greenpoint came in at the top of the list of the dirtiest neighborhoods in New York City in an August study by MIT that used Google Street View to compare random city streets. NYU’s Furman Center for Real Estate and Urban Policy’s 311 data shows that during the summer of 2012 Greenpointers’ most frequent complaints concerned vermin infestation. Councilman Steven Levin recently announced a new plan to clean up the neighborhood, though only one business owner has signed on so far. In the meantime, local leaders are concerned that a controversial proposal for 10 residential towers on Greenpoint’s waterfront, if passed, will bring in over 10,000 more residents and the trash problem will only get worse.
"Greenpoint came in at the top of the list of the dirtiest neighborhoods in New York City in an August study by MIT that used Google Street View to compare random city streets. "
So true...
Not only does it have one of the ugliest skyline of NYC (power plant), by far it is also the dirtiest.
Greenpoint suffers from the toxic sludge oozing south from its upshore neighbor.
Its only option is to cover the ground with a layer of Saran Wrap and declare the problem "abated."
And then there's Astoria. http://www.crainsnewyork.com/article/20131008/REAL_ESTATE/131009895#article_tab
I wonder if toxic sludge oozes northward as well ... ?
More than the number of days a week you show evidence of using whatever brain you might minimally employ, HB/GB/RS/HSF.
>More than the number of days a week you show evidence of using whatever brain you might minimally employ, HB/GB/RS/HSF.
I'm assuming then we are talking greater than 1, but still far from 7 that you use your feet.... the other 2, 3, 4, or 5 days a week that you sit at home, are you eating bonbons, or what? do your kids and husband serve you, move your pillow? what do you use for toileting?
any update?