The Urban Edge Apartment Living Blog
Musings on living in NYC... oh, and real estate too
It’s not like it really surprises me at this point, that NYC residents are living in a kind of golden age of massive design and construction projects, as seemingly every empty (and/or out-dated) square foot of land is being developed to within an inch of its life. In fact, for the most part, with some [...]
If you’re actively looking for, or are currently a resident of, an Upper West Side apartment, or a Washington Heights apartment–basically, anywhere on Manhattan’s western shores from Lincoln Square to the Inwood–know that there are some interesting changes coming soon.
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.
If current trends continue, more and more people may be looking at the NJ Gold Coast as a more affordable place to live, and it appears that developers are already gearing up for an influx of new residents. What is the Gold Coast? It’s a series of cities and towns in Hudson and Bergen counties [...]
