This may not come as a surprise to those who live in Brooklyn, but collegiate blog The Brooklyn Ink published a piece Friday March 9, asking “Is Brooklyn Still A Bargain?” looking at real estate trends in the borough’s trendiest neighborhoods versus Manhattan.
The overall conclusion: The notion that Brooklyn living is only for bargain hunters is gone. More people are choosing Brooklyn for its lifestyle than its rents. “You see people going there because they want to actually live there,” says Andrew Barrocas, CEO of real estate company MNS, “and they are willing to pay a premium in order to do it.”
The story compares DUMBO rental prices with Manhattan’s UES, as well as a glance at Brooklyn Heights, Williamsburg, Carroll Gardens, Fort Greene, Cobble Hill and Boerum Hill. Lots of stats, again with a focus on the rental market. See the full piece here.