Yesterday, we learned that Wythe Ave. will soon become a playground for the rich and boring. Today, thanks to a report by Ideal Properties Group, we know that they will soon own all of north Brooklyn.
From the report:
If you have purchased a property in Brownstone Brooklyn in 1Q 2014, you are most likely to be a 31 to 40-year-old male, member of a two-person household, who has already been living in a property you owned in Brooklyn prior to purchasing in order to upgrade your living situation.
You have most likely purchased your property without seeking a loan, and you have most likely looked at properties in Park Slope, Brooklyn Heights, Carroll Gardens, Cobble Hill, Prospect Heights, Fort Greene or Williamsburg prior to purchasing.
Your salary is most likely between $100,000 and $199,999 per year, and you are most likely working in accounting, finance, sales, legal or marketing fields. You are most likely not self-employed.
Emphasis ours. If the prospect of Williamsburg becoming the next Murray Hill wasn’t bad enough, it seems that it won’t be long before it’s just another Upper East Side. As fast as rich young men are buying up Brooklyn property, they’re being outpaced by an even richer sub-species of young men – SuperBros, if you will:
It comes as no surprise that Brownstone Brooklyn properties attract affluent buyers; however, the area is beginning to exhibit a trend of attracting more purchasers with higher income levels than before. The income bracket between $100,000 and $199,999 still dominates the landscape, with 31 percent of buyers falling into the category. This is however 16 percent fewer than in previous quarter, and 17 percent fewer than the year prior. The biggest change – with the largest percent increase in purchasers – is taking place in the income bracket of $300,000+ (30 percent, or 98 percent more than in previous quarter, and a remarkable 316 percent more than a year ago).
Don’t these SuperBros understand that coolness isn’t osmotic? You can’t become cool by living near people who are cool. It just doesn’t work. Sorry, SuperBros. You will always be lame. But at least you’re rich.