The Urban Edge Apartment Living Blog
Musings on living in NYC... oh, and real estate too
In the past few years residents of Brooklyn apartments (and brownstones) in DUMBO, Brooklyn Heights, and Cobble Hill have seen–and will continue to see–an enormous transformation along the waterfront in that neck of the borough. And what a (mostly) excellent transformation it’s been so far!
These days, rental apartments in certain hip Brooklyn neighborhoods are getting so expensive that young professionals and the like are being forced to move… into cheaper Manhattan! Let’s just let that sink in for a minute, shall we? It’s now less expensive (in terms of “median price”) to move into a West Village studio apartment [...]
One of the many best parts about New York City? No matter how long you’ve lived here, there are always, ALWAYS surprising, pretty, exciting, amazing new things to discover. The city is full of secret streets and hidden gems that most people are not aware of.
There’s no slowing down the demand, the development, nor–most record-breaklingly–the price of Brooklyn rental apartments these days. According to the May Brooklyn rental apartment report released by MNS recently, overall rents were up, on average, a head-spinning 10% from last year… and the average cost of a Park Slope rental apartment rose an astounding 40%. [...]
Another month, another record for Manhattan rental apartments, and not in a good way for would-be Manhattan renters. Because although the average Manhattan rent in May only went up by an insignificant-sounding nine dollars, that does mean that the average Manhattan rental apartment now goes for an astonishing $3,438 a month.
