M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH …could be found in DUMBO. The least expensive...
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Transcript of M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH …could be found in DUMBO. The least expensive...
2M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BROOKLYN RENTAL MARKET REPORT
CONTENTS
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INTRODUCTION ...............................................................................................................................................................................................................
A QUICK LOOK .................................................................................................................................................................................................................
NOTABLE PRICE TRENDS .................................................................................................................................................................... PRICE DECREASE ................................................................................................................................................................................
PRICE INCREASE .................................................................................................................................................................................
MEAN BROOKLYN RENTAL PRICES.....................................................................................................................................................................................
NEIGHBORHOOD PRICE TRENDS ......................................................................................................................................................................................
BAY RIDGE..........................................................................................................................................................................................
BEDFORD-STUYVESANT.......................................................................................................................................................................
BOERUM HILL......................................................................................................................................................................................
BOROUGH PARK / SUNSET PARK..........................................................................................................................................................
BROOKLYN HEIGHTS............................................................................................................................................................................
BUSHWICK.........................................................................................................................................................................................
CLINTON HILL....................................................................................................................................................................................
COBBLE HILL...................................................................................................................................................................................... CROWN HEIGHTS................................................................................................................................................................................
DOWNTOWN BROOKLYN......................................................................................................................................................................
DUMBO..............................................................................................................................................................................................
FORT GREENE....................................................................................................................................................................................
GREENPOINT.....................................................................................................................................................................................
PARK SLOPE.......................................................................................................................................................................................
PROSPECT-LEFFERTS GARDENS.........................................................................................................................................................
WILLIAMSBURG.................................................................................................................................................................................
THE REPORT EXPLAINED..................................................................................................................................................................................................
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M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
THE AVERAGE RENT IN BROOKLYN HAS INCREASED THIS MONTH.
AVERAGERENT
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↑1.05% $2,953 $2,983DECEMBER 2019CHANGE JANUARY 2020
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
A QUICK LOOK
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Over the last month, the average rental price in Brooklyn has increased by 1.05%, from $2,952.55 to $2,983.44. The average rental price for a studio unit increased by 3.54%, from $2,298.09 to $2,379.35. The average rental price for a one-bedroom unit increased by 1.20%, from $2,836.63 to $2,870.58. The average rental price for a two-bedroom unit decreased by 0.61%, from $3,722.95 to $3,700.40. Year-over-year, rental prices are up across-the-board, with studio, one-bedroom, and two-bedroom prices increasing by 6.88%, 7.45%, and 7.29%, respectively
Out of the sixteen neighborhoods tracked by this report, only five saw their average rental prices fall over the last month: Bay Ridge (-0.1%), Brooklyn Heights (-4.8%), Downtown Brooklyn (-1.7%), Fort Greene (-0.7%), and Williamsburg (-0.5%). Through January, the most expensive rentals by average price could be found in DUMBO. The least expensive studio and one-bedroom rentals were seen in Bay Ridge, while the least expensive two-bedroom units were observed in Borough Park/Sunset Park.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
NOTABLETRENDS
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Studios
One bedrooms
Two bedrooms
Dumbo $3,373
Dumbo $4,388
Dumbo $5,923
Bay Ridge $1,475
Bay Ridge $1,746
Borough/Sunset Park $2,175
TYPE MOST EXPENSIVE LEAST EXPENSIVE
WHERE PRICESDECREASED
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BAY RIDGE One-Bedroom -1.8%Two-Bedroom -0.2%
BROOKLYN HEIGHTS Studios -2.3%One-Bedroom -0.2%Two-Bedroom -9.1% BUSHWICK One-Bedroom -1.3% CLINTON HILL One-Bedroom -1.3%Two-Bedroom -1.6%
CROWN HEIGHTS Studios -0.3%Two-Bedroom -0.4% DUMBO Studios -1.4%Two-Bedroom -1.5% DOWNTOWN BK One-Bedroom -1.0%Two-Bedroom -4.1% FORT GREENE One-Bedroom -2.1%Two-Bedroom -4.2%
GREENPOINT Studios -2.9% PARK SLOPE Studios -0.5% PLG/FLATBUSH Studios -1.5% WILLIAMSBURG Studios -2.3%
One-Bedroom -1.8%
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
WHERE PRICESINCREASED
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BAY RIDGE Studios 2.0% BED STUY Studios 13.5%One-Bedroom 1.2%Two-Bedroom 0.6% BOERUM HILL Studios 7.6%One-Bedroom 2.1%Two-Bedroom 0.7% BUSHWICK Studios 2.9%Two-Bedroom 2.2% CLINTON HILL Studios 9.9%
BOROUGH/SUNSETPARK Studios 0.8%One-Bedroom 0.7%Two-Bedroom 0.9% COBBLE HILL Studio 9.9%One-Bedroom 10.0%Two-Bedroom 4.0% CROWN HEIGHTS One-Bedroom 3.6% DUMBO One-Bedroom 6.6% DOWNTOWN BK Studios 1.6%
FORT GREENE Studios 7.7% GREENPOINT One-Bedroom 1.0%Two-Bedroom 5.9% PARK SLOPE One-Bedroom 0.2%Two-Bedroom 1.3% PLG/FLATBUSH One-Bedroom 1.8%Two-Bedroom 3.0% WILLIAMSBURG Two-Bedroom 1.9%
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
9M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
Fort Greene
Dumbo
DowntownBrooklyn
Borough/
Sunset ParkPark Slope
BrooklynHeights
Boerum Hill
Cobble Hill
Bay Ridge
PLG/Flatbush
Crown Heights
Bed-Stuy
Bushwick
Clinton Hill
Greenpoint
Williamsburg
$2,331
$1,782
$1,963
$2,119
$2,253
$3,029
$2,605
$1,644
$1,475
$2,495
$2,787
$2,571
$3,373
$2,827
$2,719
$2,096
BROOKLYNAVERAGE PRICE
10M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
Fort Greene
Dumbo
DowntownBrooklyn
Borough/
Sunset ParkPark Slope
BrooklynHeights
Boerum Hill
Cobble Hill
Bay Ridge
PLG/Flatbush
Crown Heights
Bed-Stuy
Bushwick
Clinton Hill
Greenpoint
Williamsburg
$2,772
$2,054
$2,287
$2,330
$2,515
$3,321
$3,161
$2,759
$1,746
$3,231
$3,023
$3,821
$4,388
$3,452
$3,188
$1,881
BROOKLYNAVERAGE PRICE
11M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
Fort Greene
Dumbo
DowntownBrooklyn
Borough/
Sunset ParkPark Slope
BrooklynHeights
Boerum Hill
Cobble Hill
Bay Ridge
PLG/Flatbush
Crown Heights
Bed-Stuy
Bushwick
Clinton Hill
Greenpoint
Williamsburg
$3,490
$2,574
$2,612
$2,680
$2,873
$4,394
$4,081
$3,698
$2,313
$4,098
$3,986
$5,132
$5,923
$4,738
$4,439
$2,175
BROOKLYNAVERAGE PRICE
A QUICKLOOKCHANGE BY NEIGHBORHOOD
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BAY RIDGE
BED STUY
BOERUM HILL
BROOKLYN HEIGHTS
BUSHWICK
CLINTON HILL
COBBLE HILL
CROWN HEIGHTS
DOWNTOWN BK
DUMBO
FORT GREENE
GREENPOINT
PARK SLOPE
PLG/FLATBUSH
WILLIAMSBURG
↑ 1.09%
↑ 8.22%
↑ 15.91%
↑ 13.80%
↑ 11.59%
↑ 9.86%
↑ 14.25%
↑ 6.95%
↑ 5.03%
↓ 0.18%
↑ 10.07%
↑ 23.47%
↑ 4.49%
↑ 5.17%
↑ 19.06%
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
PRICECHANGESBROOKLYN RENTS: JANUARY 2019 VS. JANUARY 2020
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Studios
One bedrooms
Two bedrooms
$2,379
$2,871
$3,700
$2,226
$2,672
$3,449
↑ 6.9%
↑ 7.5%
↑ 7.3%
TYPE JANUARY 2020JANUARY 2019 CHANGE
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
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PRICE TRENDS:BROOKLYN
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BROOKLYN STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,226 2,223 2,282 2,288 2,325 2,327 2,346 2,359 2,352 2,393 2,370 2,298 2,379
BROOKLYN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,672 2,722 2,782 2,853 2,875 2,869 2,865 2,904 2,905 2,876 2,799 2,837 2,871
BROOKLYN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,449 3,503 3,527 3,609 3,662 3,760 3,815 3,876 3,881 3,853 3,687 3,723 3,700
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PRICE TRENDS:BAY RIDGEOVER THE LAST MONTH, THE AVERAGE RENTAL PRICE IN BAY RIDGE REMAINED STABLE, FALLING BY JUST 0.13%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BAY RIDGE STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN1,477 1,440 1,462 1,473 1,469 1,470 1,545 1,534 1,522 1,480 1,466 1,446 1,475
BAY RIDGE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN1,757 1,785 1,761 1,760 1,764 1,777 1,779 1,795 1,777 1,731 1,732 1,778 1,746
BAY RIDGE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,240 2,198 2,286 2,278 2,284 2,390 2,348 2,332 2,375 2,308 2,262 2,316 2,313
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PRICE TRENDS:BEDFORD-STUYVESANT THANKS TO AN INCREASE IN LUXURY INVENTORY IN THE AREA, ESPECIALLY AMONG STUDIO UNITS, THE AVERAGE RENTAL PRICE IN BEDFORD-STUYVESANT INCREASED BY AN IMPRESSIVE 4.31%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BEDFORD-STUYVESANT STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN1,924 1,897 1,913 1,910 1,933 1,836 1,939 1,905 1,892 1,896 1,865 1,867 2,119
BEDFORD-STUYVESANT ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,168 2,166 2,178 2,210 2,222 2,222 2,252 2,277 2,306 2,309 2,283 2,303 2,330
BEDFORD-STUYVESANT TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,496 2,537 2,562 2,574 2,545 2,616 2,592 2,656 2,694 2,640 2,674 2,664 2,680
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PRICE TRENDS:BOERUM HILLOVER THE LAST MONTH, THE AVERAGE RENTAL PRICE IN BOERUM HILL INCREASED BY 3.00%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BOERUM HILL STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,174 2,311 2,226 2,072 2,055 2,375 2,375 2,368 2,211 2,180 2,559 2,590 2,787
BOERUM HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,657 2,811 2,850 2,866 2,935 3,075 2,841 2,895 2,907 2,917 2,873 2,961 3,023
BOERUM HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,620 3,538 4,166 4,279 4,300 3,987 3,938 4,030 4,064 4,046 4,031 3,960 3,986
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PRICE TRENDS:BOROUGH/SUNSET PARKTHIS PAST MONTH, THE AVERAGE RENTAL PRICE IN BOROUGH PARK/SUNSET PARK REMAINED RELATIVELY STABLE, INCREASED BY JUST 0.80%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BOROUGH & SUNSET PARK STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN- - - - - - - - - - 1,728 1,631 1,644
BOROUGH & SUNSET PARK ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN- - - - - - - - - - 1,832 1,868 1,881
BOROUGH & SUNSET PARK TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN- - - - - - - - - - 2,191 2,156 2,175
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PRICE TRENDS:BROOKLYN HEIGHTSFOLLOWING A LARGE INCREASE LAST MONTH, THE AVERAGE RENTAL PRICE IN BROOKLYN HEIGHTS EXPERIENCED A CORRECTION OF 4.83% THROUGH JANUARY.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BROOKLYN HEIGHTS STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,401 2,418 2,552 2,501 2,564 2,531 2,533 2,559 2,484 2,526 2,758 2,631 2,571
BROOKLYN HEIGHTS ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,084 3,150 3,408 3,480 3,391 3,364 3,441 3,481 3,554 3,600 3,430 3,830 3,821
BROOKLYN HEIGHTS TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN4,643 5,336 5,257 5,291 5,512 5,565 5,497 6,045 5,715 5,291 5,278 5,648 5,132
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PRICE TRENDS:BUSHWICKTHROUGH JANUARY, THE AVERAGE RENTAL PRICE IN BUSHWICK INCREASED BY 1.23%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
BUSHWICK STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,074 2,136 2,109 2,205 2,196 2,170 2,169 2,213 2,142 2,264 2,196 2,189 2,253
BUSHWICK ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,295 2,372 2,414 2,451 2,462 2,441 2,450 2,463 2,546 2,572 2,567 2,549 2,515
BUSHWICK TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,478 2,539 2,576 2,572 2,560 2,613 2,662 2,744 2,805 2,855 2,792 2,810 2,873
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PRICE TRENDS:CLINTON HILLBUOYED BY A 9.88% INCREASE IN STUDIO PRICING, THE AVERAGE RENTAL PRICE IN CLINTON HILL INCREASED BY 1.38% THROUGH JANUARY.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
CLINTON HILL STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,113 2,174 2,239 2,248 2,305 2,227 2,257 2,312 2,431 2,454 2,341 2,121 2,331
CLINTON HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
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JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,503 2,538 2,630 2,939 3,014 2,853 2,870 2,861 2,942 2,922 2,813 2,810 2,772
CLINTON HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,205 3,253 3,263 3,512 3,633 3,655 3,692 3,562 3,716 3,574 3,608 3,545 3,490
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PRICE TRENDS:COBBLE HILL DUE TO INCONSISTENT OVERALL INVENTORY LEVELS COMBINED WITH AN INCREASE IN AVAILABLE LUXURY UNITS, THE AVERAGE RENTAL PRICE IN COBBLE HILL INCREASED BY 11.97% THIS PAST MONTH.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
COBBLE HILL STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,200 1,900 2,300 2,140 2,433 2,050 2,259 2,264 2,281 2,507 - 1,895 2,495
COBBLE HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,776 2,874 2,947 2,998 3,128 2,978 2,581 2,848 2,868 2,958 2,944 2,939 3,231
COBBLE HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,624 3,591 3,687 3,643 3,730 4,538 4,343 4,114 4,116 4,468 3,948 3,941 4,098
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PRICE TRENDS:CROWN HEIGHTSCONTINUING THE TREND THAT EMERGED LAST MONTH, THE AVERAGE RENTAL PRICE IN CROWN HEIGHTS INCREASED BY AN ADDITIONAL 0.92% THROUGH JANUARY.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
CROWN HEIGHTS STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN1,812 1,857 1,863 1,974 2,056 2,067 2,011 1,985 1,943 1,913 1,904 1,970 1,963
CROWN HEIGHTS ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,143 2,158 2,209 2,240 2,247 2,293 2,260 2,196 2,269 2,278 2,205 2,208 2,287
CROWN HEIGHTS TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,461 2,534 2,576 2,589 2,578 2,568 2,629 2,635 2,721 2,679 2,584 2,621 2,612
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PRICE TRENDS:DOWNTOWN BROOKLYNTHIS PAST MONTH, THE AVERAGE RENTAL PRICE IN DOWNTOWN BROOKLYN FELL BY 1.72%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
DOWNTOWN BROOKLYN STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,655 2,734 2,784 2,835 2,840 2,918 2,925 2,880 2,933 2,850 2,828 2,783 2,827
DOWNTOWN BROOKLYN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,370 3,404 3,413 3,484 3,548 3,588 3,763 3,747 3,665 3,605 3,497 3,485 3,452
DOWNTOWN BROOKLYN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN4,464 4,585 4,501 4,642 4,520 4,633 5,075 5,161 5,107 4,940 4,948 4,941 4,738
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PRICE TRENDS:DUMBOFOLLOWING LAST MONTH’S PRICE DROP, THE AVERAGE RENTAL PRICE IN DUMBO REBOUNDED BY 0.97%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
DUMBO STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,353 3,256 3,206 3,107 3,123 3,060 3,030 3,447 3,446 3,386 3,504 3,422 3,373
DUMBO ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN4,233 4,364 4,439 4,306 4,133 4,026 4,121 4,356 4,283 4,021 4,354 4,118 4,388
DUMBO TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN6,123 6,045 5,623 5,489 5,585 5,738 5,866 6,366 6,067 6,041 6,171 6,013 5,923
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2600
3000
3400
3800
4200
3100
3500
3900
4300
4700
5100
4500
5100
5700
6300
6900
7500
26
PRICE TRENDS:FORT GREENE THROUGH JANUARY, THE AVERAGE RENTAL PRICE IN FORT GREENE FELL BY 0.67%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
FORT GREENE STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,445 2,353 2,458 2,504 2,560 2,726 2,569 2,450 2,431 2,557 2,627 2,525 2,719
FORT GREENE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,988 2,975 3,033 3,216 3,330 3,310 3,384 3,256 3,164 3,105 3,088 3,256 3,188
FORT GREENE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,967 3,880 3,866 4,352 4,379 4,720 4,538 4,416 4,530 4,587 4,591 4,636 4,439
1900
2100
2300
2500
2700
2900
2600
2800
3000
3200
3400
3600
2500
3100
3700
4300
4900
5500
27
PRICE TRENDS:GREENPOINTBUILDING UPON LAST MONTH’S INCREASE, THE AVERAGE RENTAL PRICE IN GREENPOINT INCREASED BY 1.87%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
GREENPOINT STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,310 2,402 2,590 2,541 2,472 2,522 2,712 2,577 2,644 2,767 2,693 2,683 2,605
GREENPOINT ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,580 2,697 2,757 2,877 2,884 3,011 3,016 3,191 3,171 2,933 3,045 3,130 3,161
GREENPOINT TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,086 3,159 3,187 3,359 3,559 3,698 3,979 4,149 4,142 3,902 3,562 3,853 4,081
1700
2000
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2600
2900
3200
2000
2300
2600
2900
3200
3500
2000
2600
3200
3800
4400
5000
28
PRICE TRENDS:PARK SLOPEOVER THE LAST MONTH, THE AVERAGE RENTAL PRICE IN PARK SLOPE REMAINED STABLE, INCREASING BY JUST 0.49%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
PARK SLOPE STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,179 2,212 2,203 2,272 2,310 2,342 2,172 2,081 2,135 2,240 2,235 2,106 2,096
PARK SLOPE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,635 2,652 2,688 2,753 2,820 2,859 2,870 2,821 2,748 2,804 2,751 2,753 2,759
PARK SLOPE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,371 3,326 3,389 3,391 3,421 3,506 3,572 3,535 3,469 3,642 3,698 3,652 3,698
1450
1700
1950
2200
2450
2700
2200
2400
2600
2800
3000
3200
2600
2900
3200
3500
3800
4100
29
PRICE TRENDS:PLG/FLATBUSHFOLLOWING A SLIGHT DROP IN DECEMBER, THE AVERAGE RENTAL PRICE IN PLG/FLATBUSH INCREASED BY 1.35%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
PROSPECT LEFFERTS GARDEN/FLATBUSH STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN1,698 1,659 1,659 1,771 1,785 1,832 1,860 1,878 1,910 1,904 1,786 1,809 1,782
PROSPECT LEFFERTS GARDEN/FLATBUSH ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN1,944 1,918 1,962 2,062 2,076 2,034 2,122 2,071 2,092 2,077 2,042 2,017 2,054
PROSPECT LEFFERTS GARDEN/FLATBUSH TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,454 2,447 2,426 2,496 2,506 2,521 2,582 2,575 2,573 2,637 2,545 2,498 2,574
1000
1300
1600
1900
2200
2500
1350
1600
1850
2100
2350
2600
1700
2000
2300
2600
2900
3200
30
PRICE TRENDS:WILLIAMSBURGTHROUGH JANUARY, THE AVERAGE RENTAL PRICE IN WILLIAMSBURG FELL BY 0.46%.
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
WILLIAMSBURG STUDIO PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,579 2,599 2,665 2,771 2,771 2,775 2,839 2,929 2,876 2,967 3,067 3,099 3,029
WILLIAMSBURG ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN2,941 2,965 3,047 3,154 3,167 3,206 3,225 3,296 3,290 3,305 3,329 3,381 3,321
WILLIAMSBURG TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN3,505 3,571 3,540 3,669 3,780 3,658 3,912 3,816 4,123 4,184 4,106 4,314 4,394
1500
1900
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3100
3500
2600
2800
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3700
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4500
THE REPORTEXPLAINED
31
THE BROOKLYN RENTAL MARKET REPORT COMPARES FLUCTUATION IN THE CITY’S RENTAL DATA ON A MONTHLY BASIS. IT IS AN ESSENTIAL TOOL FOR PO-TENTIAL RENTERS SEEKING TRANSPARENCY IN THE NYC APARTMENT MARKET AND A BENCHMARK FOR LANDLORDS TO EFFICIENTLY AND FAIRLY ADJUST INDIVIDUAL PROPERTY RENTS IN BROOKLYN.
The Brooklyn Rental Market Repor TM is based on a cross-section of data from available listings and priced under $10,000, with ultraluxury property omitted to obtain a true monthly rental average. Our data is aggregated from the MNS proprietary database and sampled from a specific mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus).
Author: MNS has been helping Brooklyn landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.
Contact Us Now: 718-222-0211Note: All market data is collected and compiled by MNS’s marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice.
If you would like to republish this report on the web, please be sure to source it as the “Brooklyn Rental Market Report” with a link back to its original loation.
HTTP://WWW.MNS.COM/BROOKLYN_RENTAL_MARKET_REPORT
M.N.S REAL ESTATE NYC MNS.COM 718-222-0211 40 N 6TH ST BROOKLYN, NY 11249 97 N 10TH ST, 2C BROOKLYN, NY 11249
WILLIAMSBURG40 N 6th StBrooklyn, NY 11249
CORPORATE OFFICE97 N 10th St, 2CBrooklyn, NY 11249
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