Considering the proximity of these nabes to lower Manhattan, many former manhattanites are taking the plunge and moving across the bridge. My typical client who is making that move is usually seeking better quality and not so concerned with lowering their current rent. A $2500.00 budget in Mahattan doesn't go very far, even on the Upper East side or Hell's Kitchen where you can often find lower rents.
The draw is leaving your basic walk-up apt with no amenties to finding yourself in a full service bldg with tons of ammenties, rooftops, gyms, laundry, party rooms, conceirge srvc. etc.
Many of my clients who have been on tight budgets and fixated on living in the City, don't mind the 10-20 minute commute, if I can get them to just "take a look" at some Brooklyn neighborhoods. They soon discover that they are not "missing out" because there is a plethora of restaurants, bars, shops, green spaces, etc.
Dumbo and Boerum Hill join Soho and Tribeca as NYC's most expensive nabes
August 16, 2011 12:30PM
Dumbo Soho and Tribeca were the most expensive New York City neighborhoods in the second quarter of 2011, but Dumbo was a surprising fourth entry on the top 10 list, according to PropertyShark.com. Dumbo was ahead of many other Manhattan neighborhoods such as the Upper East Side, the Upper West Side, the West Village and Chelsea, with a median sale price of $1.075 million. That price increased 9 percent from the median sales price in the second quarter of 2010, which was $990,000,
READ FULL STORY HERE:
http://therealdeal.com/newyork/articles/dumbo-and-boerum-hill-join-soho-and-tribeca-as-nyc-s-most-expensive-neighborhoods-according-to-propertyshark-com
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