http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr en-US Tue, 21 May 2013 16:41:38 +0000 http://bbpress.org/?v=1.0.2 q http://brooklynian.com/forum/search.php http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-762291 Wed, 12 Dec 2012 11:31:57 +0000 whynot_31 762291@http://brooklynian.com/forum/ <p>Folks are moving!</p> <p><a href="http://www.brownstoner.com/blog/2012/12/musical-chairs-as-rents-rise-in-brooklyn/#disqus_thread" rel="nofollow">http://www.brownstoner.com/blog/2012/12/musical-chairs-as-rents-rise-in-brooklyn/#disqus_thread</a> </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-761649 Fri, 16 Nov 2012 10:37:55 +0000 whynot_31 761649@http://brooklynian.com/forum/ <p>For those who are not Cool The Kid, Curbed has published a "Renter's Guide to Crown Heights" yesterday:</p> <p><a href="http://ny.curbed.com/archives/2012/11/15/a_renters_guide_to_apartment_hunting_in_crown_heights.php" rel="nofollow">http://ny.curbed.com/archives/2012/11/15/a_renters_guide_to_apartment_hunting_in_crown_heights.php</a></p> <p>The Market Rents are by no means cheap.... </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-760375 Fri, 12 Oct 2012 14:11:47 +0000 Cool The Kid 760375@http://brooklynian.com/forum/ <p>I'm applying to jobs in NC as we speak. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-760372 Fri, 12 Oct 2012 13:02:50 +0000 whynot_31 760372@http://brooklynian.com/forum/ <p>Where would you move?</p> <p>The economy seems to really suck once you get out of the NYC area. In your profession, could you readily find new work elsewhere? </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-760371 Fri, 12 Oct 2012 13:00:05 +0000 Cool The Kid 760371@http://brooklynian.com/forum/ <p>W/the big drop in natural gas prices, I doubt it</p> <p>Plus a lot of landlords have owned these buildings for decades. Mortgages are prob non factors now. Not that I'm saying they shouldn't be able to make money, or even that prices are unfair. Its just getting to a level I can't deal with. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-760367 Fri, 12 Oct 2012 12:18:53 +0000 whynot_31 760367@http://brooklynian.com/forum/ <p>CTK-<br /> While living in NYC is expensive, I wonder how much the landlords are making in profit.</p> <p>...my sense is that the huge majority of these costs go out the door in maintenance, fuel, mortgage costs, taxes, etc. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-760360 Thu, 11 Oct 2012 22:52:09 +0000 Cool The Kid 760360@http://brooklynian.com/forum/ <p>Man I gotta get the fonk out of this damn city. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-760341 Thu, 11 Oct 2012 09:45:19 +0000 whynot_31 760341@http://brooklynian.com/forum/ <p>CTK, sorry about not answering your question. I am just dusting off this thread after several months, to post something related:</p> <p><blockquote>The average price for a rental in Brooklyn in September was $2,548, according to a new report from Prudential Douglas Elliman that covers the rental market in North and Northwest Brooklyn as well as Manhattan. (The median wasn’t far behind, at $2,350.) That works out to $29.68 per square foot, vs. $52.60 in Manhattan. So despite precipitous climbs of late, rents even in the most gentrified areas of Brooklyn still come in lower than those of Manhattan, in case you’ve been wondering. Other findings of the ”Manhattan/Brooklyn Rentals Market Overview September 2012″ report, which should be available online here later today: Rental prices have actually slipped 2.1 percent vs. a year ago, but levels “remain elevated,” as the report said. The median price of a one-bedroom increased more than any other type of unit. After going up to $2,300 in August, then decreasing to $2,100 in September, the median rent for one-bedrooms finished the year period with an increase of 10.5 percent. Meanwhile, the number of units in new developments increased 6.5 percent vs. a year ago. Prudential Douglas Elliman’s explanations for all these price trends: The rental market remains tight as lending policies prevent some would-be buyers from purchasing, and there just plain isn’t enough supply to meet demand. Also, surprisingly, the report concluded: “Strong employment growth is fueling the rental market, which responds more quickly to job gains.”</blockquote></p> <p><a href="http://www.brownstoner.com/blog/2012/10/sorry-brooklyn-rents-still-cheaper-than-manhattan/#more-102474" rel="nofollow">http://www.brownstoner.com/blog/2012/10/sorry-brooklyn-rents-still-cheaper-than-manhattan/#more-102474</a> </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-759048 Fri, 31 Aug 2012 11:21:30 +0000 Cool The Kid 759048@http://brooklynian.com/forum/ <blockquote><p><cite>whynot_31 <a href="http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-758986">said</a>:</cite><br /> This new report depicts Crown Heights rents on page 15:</p> <p><a href="http://www.mns.com/pdf/brooklyn_market_report_jul_12.pdf" rel="nofollow">http://www.mns.com/pdf/brooklyn_market_report_jul_12.pdf</a></p> <p>It looks like a one BR will run around $1600.</p> <p>A 2 BR goes for around $2000. </p></blockquote> <p>My two big questions are</p> <p>- does CH include PH in this report?<br /> - if so, what's the spread from top to bottom as you go from east to west? I imagine an apt close to the BAP stop being like $1000 more than an apt off of Ralph. Maybe more. But I think its all "technically" Crown Heights (since they didn't break out PH) </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-759015 Thu, 30 Aug 2012 20:11:49 +0000 tateinbk 759015@http://brooklynian.com/forum/ <p>That just made me very happy with what I have. Thank you. Hopefully the Evil Landlord doesn't know or he'll raise up my rent to the legal limit. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-758986 Thu, 30 Aug 2012 10:52:54 +0000 whynot_31 758986@http://brooklynian.com/forum/ <p>This new report depicts Crown Heights rents on page 15:</p> <p><a href="http://www.mns.com/pdf/brooklyn_market_report_jul_12.pdf" rel="nofollow">http://www.mns.com/pdf/brooklyn_market_report_jul_12.pdf</a></p> <p>It looks like a one BR will run around $1600.</p> <p>A 2 BR goes for around $2000. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-752989 Thu, 29 Mar 2012 19:42:10 +0000 whynot_31 752989@http://brooklynian.com/forum/ <p>Yes, we'd have to know how they collected and tabulated their data before we conclude it makes sense.</p> <p>That said, this famous guy thinks Brooklyn housing continues to be under valued and hopefully wasn't paid to say that by REBNY. ...of course, this may assume that the opinion of people with something to gain should be trusted more than those that have nothing to lose. Hmmmmm </p> <p><a href="http://thebrooklynink.com/2012/03/29/43712-investors-are-rushing-to-brooklyn-says-mad-money-jim-cramer/" rel="nofollow">http://thebrooklynink.com/2012/03/29/43712-investors-are-rushing-to-brooklyn-says-mad-money-jim-cramer/</a> </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-752215 Fri, 09 Mar 2012 15:00:20 +0000 eastbloc 752215@http://brooklynian.com/forum/ <p>I was just looking at that report above. It's funny that in a number of neighborhoods (Harlem, for instance) the average-ask for a studio is higher than that for a 1BR. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-752135 Wed, 07 Mar 2012 20:16:48 +0000 whynot_31 752135@http://brooklynian.com/forum/ <p>Yet another article on the topic: <a href="http://fort-greene.thelocal.nytimes.com/2012/03/07/whats-so-funny-bout-peace-love-and-gentrification/" rel="nofollow">http://fort-greene.thelocal.nytimes.com/2012/03/07/whats-so-funny-bout-peace-love-and-gentrification/</a> </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-750987 Wed, 15 Feb 2012 11:55:44 +0000 Cool The Kid 750987@http://brooklynian.com/forum/ <p>Rents were depressed though. My rent in CH went down in 2009 by about 7% in the same apartment. The whole economy contracted. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-750734 Wed, 08 Feb 2012 20:53:29 +0000 whynot_31 750734@http://brooklynian.com/forum/ <p>While we jabber about the increasing costs of living in CH and how we might soon be priced out, and demographics are changing, and we feel like we can't stop it (or make it go faster).....</p> <p>I have only one consolation: It is a good thing we haven't decided to do the same thing about Manhattan. </p> <p>Wow, look at those average rents!</p> <p><a href="http://blogs.villagevoice.com/runninscared/2012/02/surprise_surpri.php" rel="nofollow">http://blogs.villagevoice.com/runninscared/2012/02/surprise_surpri.php</a> </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-750434 Wed, 01 Feb 2012 23:29:46 +0000 whynot_31 750434@http://brooklynian.com/forum/ <p>So many CH statistics, so little time!</p> <p><a href="http://www.brooklyn.cuny.edu/pub/departments/csb/documents/csb/Community_District_8_Brooklyn_Neighborhood_Report.pdf" rel="nofollow">http://www.brooklyn.cuny.edu/pub/departments/csb/documents/csb/Community_District_8_Brooklyn_Neighborhood_Report.pdf</a></p> <p>^newly released data on the hood^</p> <p>Use this fun data to try to convince people that we should try do something, or try to do nothing. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-750327 Tue, 31 Jan 2012 11:45:01 +0000 whynot_31 750327@http://brooklynian.com/forum/ <p>^That is a possibility^</p> <p>But we should also keep in mind that (in many US neighborhoods) as more ice cream is sold, the number of murders increases. It could be that eating ice cream causes people to become murderers, or it could be that ice cream sales and murders tend to increase when it gets hot outside. </p> <p>Clearly, local business owners and developers perceive this neighborhood as having more present and potential renters, home buyers, drinkers, diners, and shoppers.</p> <p>...despite this, many businesses go under because they can't (or don't) adapt to the changing demographics. </p> <p>I've always been partial to non-violent competition. </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-750321 Tue, 31 Jan 2012 10:52:22 +0000 eastbloc 750321@http://brooklynian.com/forum/ <p>Could it be that the proportion of paying subway customers has increased, while the turnstile-hoppers have been priced out of the neighborhood? &lt;img src=&quot;http://brooklynian.com/forum/my-plugins/bb-smilies/default/icon_wink.gif&quot; title=&quot;;)&quot; class=&quot;bb_smilies&quot; /&gt; </p> http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr#post-750320 Tue, 31 Jan 2012 10:49:52 +0000 whynot_31 750320@http://brooklynian.com/forum/ <blockquote><p><cite>armchair_warrior <a href="http://brooklynian.com/forum/crown-heights-and-prospect-lefferts-gardens/marketrate-ch-rents-up-by-18-per-sq-ft-last-qtr/page/2#post-750313">said</a>:</cite><br /> I question the stats that is gather for the original article. </p></blockquote> <p>Yes, the stats seem to compare only one quarter to the next, which leads me to believe that their sample size was small. </p> <p>I'd be more interested in seeing a report that compared annual numbers (ex all of 2010 to all of 2011). </p>