Millennials no longer looking to rent in W’burg, Bushwick or Greenpoint

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North Brooklyn may be popular with millennials but fewer and fewer twenty-somethings are looking to rent there. Turns out — and no surprise here — the rent is too damn high! Instead, Astoria tops the list as the neighborhood where millennials are most likely to rent an apartment. Abbi seems to like it there.

The No. 1 neighborhood for millennial New Yorkers looking to share the burden of rent is Astoria, according to data from roommate app Roomi. [Read more…]

Nita Nita covered in caution tape reading “Gentrification In Progress”

Photo via Eric Silver for Gothamist

Photo via Eric Silver for Gothamist

Brooklyn bar Nita Nita closed this weekend due to an unfortunate tripling of their rent by their landlord. Some cheeky caution taped has since appeared on the outside of the bar reading [Read more…]

Bushwick rents have actually dropped

bushwickI know it seems like we’re hurtling towards a dystopian New York City where we’re all priced out to the South Bronx or Staten Island, but it turns out that average rents in Bushwick have actually DROPPED over the past year. Crazy right?

Rents in the neighborhood went from an average of $2,485 per month in August 2014 to $2,090 in August of 2015 — a deeper drop than any other popular Brooklyn neighborhood, according to a report by real estate firm MNS.

Quite honestly, $2,485 and similar figures I’ve seen reported over the past couple of years always seemed a tad high to me (shhhh, I’m still in a one-bed for hundreds less than the August 2015 number), so it sounds like the pollsters were in for a market adjustment towards the 2k range. Don’t get ready to break your lease with hopes of copping a cheap railroad on Troutman just yet though, friends. The drop in price seems to have a lot to do with an influx of new units which may have finally satiated the frantic demand for rentals between Flushing Ave and the graveyard. [Read more…]

JMZ rents by stop

jmz

As a follow-up to their report on rent prices along the L line, Brick Underground has a handy guide to rent prices along the JMZ. Not surprisingly, rents closer to Manhattan are overall more pricey. Also, rents have risen a staggering 43.9 percent at the increasingly trendy Myrtly-Wyckoff stop:

As with the L train data, we asked Streeteasy to crunch the numbers, pulling the median rental price within a five-block radius of each stop based on active listings for May 2015. “Some of the highest rents along the JMZ lines are exactly where you would expect them to be: the westernmost points near Williamsburg,” Streeteasy data scientist Alan Lightfeldt tells us. “The Lorimer Street, Hewes Street, and Marcy Avenue stops have the most expensive rentals on the whole. However, rents in areas to the east are growing fast.” … [Read more…]

L Train rents by stop

Ltrain

No surprise here, but it’s a lot more expensive to rent an apartment on the Bedford L train stop than it is at Broadway Junction. That said, the difference is pretty striking. Brick Underground mapped out an overview of median rent prices along this still-rapidly gentrifying subway line: [Read more…]

Williamsburg’s Trash Bar is set to close in March

trashbarWilliamsburg bar and music venue Trash Bar is set to close in March after over 10 years in the neighborhood. [Read more…]

We're Not #1! We're Not #1!

With rent being due at the end of the week, new figures from the U.S. Census Bureau may help you feel better about handing over your hard earned loot.  Contrary to what many New Yorkers might think, our rent is not the most expensive in the country. Alright, it is the sixth most, but that’s still reason to celebrate, or at the very least, not complain as much.  The 2009 American Community Survey released this week shows rent to be the highest in San Jose, CA.  San Francisco follows in second, and Washington D.C. comes in third.  Just barely less expensive than the New York City area is Boston. From Crain’s:

The New York metro area, which includes northern New Jersey and Long Island, was sixth. Median gross rent was $1,125 a month. The median rent in the city alone was $1,086.

Numbers like that are intimidating. More interesting figures should come out when the 2010 Census, which counts how many people are jammed into this city, comes out in the next few months.  If you’re really hurting for a new place, having worn out your welcome on your friend’s couch, and worried about a winter sleeping in McCarren Park, here is an idea for a cheap room in Greenpoint.