BROOKLYN RENTAL REPORT
MNS.COM CONTENTS
INTRODUCTION ...... 3
A QUICK LOOK ...... 4
NOTABLE PRICE TRENDS ...... 5
PRICE INCREASE ...... 6
PRICE DECREASE ...... 7
MEAN BROOKLYN RENTAL PRICES...... 8
NEIGHBORHOOD PRICE TRENDS ...... 13
BAY RIDGE...... 14
BEDFORD-STUYVESANT...... 15
BOERUM HILL...... 16
BROOKLYN HEIGHTS...... 17
BUSHWICK...... 18
CLINTON HILL...... 19
COBBLE HILL...... 20
CROWN HEIGHTS...... 21
DOWNTOWN BROOKLYN...... 22
DUMBO...... 23
FORT GREENE...... 24
GREENPOINT...... 25
PARK SLOPE...... 26
PROSPECT-LEFFERTS GARDENS...... 27
WILLIAMSBURG...... 28
THE REPORT EXPLAINED...... 29
2 CONTENTS AVERAGE RENT
THE AVERAGE RENT IN BROOKLYN HAS DECREASED THIS MONTH.
↓0.2% $3,046.22 $3,040.45 CHANGE SEPTEMBER 2019 OCTOBER 2019
3 AVERAGE RENT A QUICK LOOK
Over the last month, the from $3,881.15 to $3,852.92. Hill (-0.42%), Brooklyn Heights average rental price in Brooklyn Year-over-year, rental prices are (-2.87%), Clinton Hill (-1.52%), fell by 0.19%, from $3,046.22 to up across-the-board, with studio, Crown Heights (-0.91%), $3,040.45. The average monthly one-bedroom, and two-bedroom DUMBO (-2.53%), Downtown rental price for a studio unit prices increasing by 6.15%, 6.46%, Brooklyn (-2.65%), and Greenpoint increased by 1.73%, from and 9.62%, respectively. (-3.57%). This past month, the $2,352.04 to $2,392.62. The most expensive rental units on the average rental price for a Out of the fifteen neighborhoods market could be found in DUMBO, one-bedroom unit fell by 1.02%, analyzed by this report, nine saw while the most affordable units from $2,905.46 to $2,875.81. The their average rental prices fall: were in Bay Ridge. average rental price for a Bay Ridge (-2.75%), Bedford- two-bedroom unit fell by 0.73%, Stuyvesant (-0.67%), Boerum
4 A QUICK LOOK NOTABLE TRENDS
TYPE MOST EXPENSIVE LEAST EXPENSIVE
Studios Dumbo $3,386 Bay Ridge $1,480
One bedrooms Dumbo $4,021 Bay Ridge $1,731
Two bedrooms Dumbo $6,041 Bay Ridge $2,308
5 NOTABLE TRENDS WHERE PRICES INCREASED
BAY RIDGE COBBLE HILL PARK SLOPE Studios 0.2% Studios 9.9% Studios 4.9% One-Bedroom 0.1% One-Bedroom 3.1% One-Bedroom 2.0% Two-Bedroom 8.6% Two-Bedroom 5.0% BOERUM HILL One-Bedroom 0.4% CROWN HEIGHTS PLG One-Bedroom 0.4% Two-Bedroom 2.5% BROOKLYN HEIGHTS Studios 1.7% FORT GREENE WILLIAMSBURG One-Bedroom 1.3% Studios 5.2% Studios 3.2% Two-Bedroom 1.3% One-Bedroom 0.5% BUSHWICK Two-Bedroom 1.5% Studios 5.7% GREENPOINT One-Bedroom 1.0% Studios 4.7% Two-Bedroom 1.8%
CLINTON HILL Studios 1.0%
6 WHERE PRICES INCREASED WHERE PRICES DECREASED
BAY RIDGE CROWN HEIGHTS GREENPOINT Studios -2.8% Studios -1.5% One-Bedroom -7.5% One-Bedroom -2.6% Two-Bedroom -1.6% Two-Bedroom -5.8% Two-Bedroom -2.8% DUMBO PLG BED STUY Studios -1.7% Studios -0.3% Two-Bedroom -2.0% One-Bedroom -6.1% One-Bedroom -0.7% Two-Bedroom -0.4% BOERUM HILL Studios -1.4% DOWNTOWN BK Two-Bedroom -0.4% Studios -2.8% One-Bedroom -1.6% BROOKLYN HEIGHTS Two-Bedroom -3.3% Two-Bedroom -7.4% FORT GREENE CLINTON HILL One-Bedroom -1.9% One-Bedroom -0.7% Two-Bedroom -3.8%
7 WHERE PRICES DECREASED BROOKLYN AVERAGE PRICE
$2,393 AVERAGE PRICE
$2,767 Greenpoint
Fort Greene $2,967 Williamsburg Dumbo $3,386 $2,557
Downtown Brooklyn $2,850 $2,264 Bushwick Brooklyn Heights $2,526 Boerum Hill $2,180 Bed-Stuy $1,896 Cobble Hill $2,507 Clinton Hill $2,454 Crown Heights Park Slope $2,240 $1,913 Bay Ridge $1,480
Prospect Lefferts Garden $1,904
8 BROOKLYN STUDIOS BROOKLYN AVERAGE PRICE
$2,876 AVERAGE PRICE
$2,933 Greenpoint
Fort Greene $3,305 Williamsburg Dumbo $4,021 $3,105
Downtown Brooklyn $3,605 $2,572 Bushwick Brooklyn Heights $3,600 Boerum Hill $2,917 Bed-Stuy $2,309 Cobble Hill $2,958 Clinton Hill $2,922 Crown Heights Park Slope $2,804 $2,278 Bay Ridge $1,731
Prospect Lefferts Garden $2,077
9 BROOKLYN 1 BEDROOM BROOKLYN AVERAGE PRICE
$3,853 AVERAGE PRICE
$3,902 Greenpoint
Fort Greene $4,184 Williamsburg Dumbo $6,041 $4,587 Downtown Brooklyn $4,940 $2,855 Bushwick Brooklyn Heights $5,291 Boerum Hill $4,046 Bed-Stuy $2,640 Cobble Hill $4,468 Clinton Hill $3,574 Crown Heights Park Slope $3,642 $2,679 Bay Ridge $2,308
Prospect Lefferts Garden $2,637
10 BROOKLYN 2 BEDROOM A QUICK LOOK
CHANGE BY NEIGHBORHOOD
↓ 0.59% Bay Ridge ↑ 10.06% Clinton Hill ↑ 7.79% Fort Greene
↑ 1.59% Bed Stuy ↑ 5.15% Cobble Hill ↑ 18.36% Greenpoint
↑ 9.49% Boerum Hill ↑ 6.60% Crown Heights ↑ 4.28% Park Slope
↑ 8.23% Brooklyn Heights ↑ 6.41% Downtown BK ↑ 3.72% PLG
↑ 11.41% Bushwick ↓ 3.36% Dumbo ↑ 17.78% Williamsburg
11 A QUICK LOOK YEAR OVER YEAR
BROOKLYN RENTS: OCTOBER 2018 VS. OCTOBER 2019
TYPE OCTOBER 2018 OCTOBER 2019 CHANGE
Studios $2,254 $2,393 ↑ 6.15%
One bedrooms $2,701 $2,876 ↑ 6.46%
Two bedrooms $3,515 $3,853 ↑ 9.62%
12 YEAR OVER YEAR PRICE TRENDS BROOKLYN
BROOKLYN STUDIO PRICE TRENDS OVER 13 MONTHS 2500 2400 2300 2200 2100 2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,254 2,268 2,246 2,226 2,223 2,282 2,288 2,325 2,327 2,346 2,359 2,352 2,393
BROOKLYN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3600
3200
2800
2400
2000
1600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,701 2,691 2,669 2,672 2,722 2,782 2,853 2,875 2,869 2,865 2,904 2,905 2,876
BROOKLYN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 5000
4400
3800
3200
2600
2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,515 3,432 3,457 3,449 3,503 3,527 3,609 3,662 3,760 3,815 3,876 3,881 3,853
13 BROOKLYN PRICE TRENDS PRICE TRENDS BAY RIDGE
THROUGH OCTOBER, THE AVERAGE RENTAL PRICE IN BAY RIDGE FELL BY 2.75%.
BAY RIDGE STUDIO PRICE TRENDS OVER 13 MONTHS 1850 1700 1550
1400 1250 1100 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 1,563 1,439 1,431 1,477 1,440 1,462 1,473 1,469 1,470 1,545 1,534 1,522 1,480
BAY RIDGE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 2050
1930
1810
1690
1570
1450 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 1,764 1,764 1,769 1,757 1,785 1,761 1,760 1,764 1,777 1,779 1,795 1,777 1,731
BAY RIDGE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 2800
2560
2320
2080
1840
1600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,224 2,254 2,220 2,240 2,198 2,286 2,278 2,284 2,390 2,348 2,332 2,375 2,308
14 BAY RIDGE PRICE TRENDS PRICE TRENDS BEDFORD-STUYVESANT
FOLLOWING THREE MONTHS OF GROWTH, THE AVERAGE RENTAL PRICE IN BEDFORD-STUYVESANT EXPERIENCED A CORRECTION OF 0.67% THROUGH OCTOBER.
BEDFORD-STUYVESANT STUDIO PRICE TRENDS OVER 13 MONTHS 2300 2150
2000 1850 1700
1550 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 1,985 2,013 1,935 1,924 1,897 1,913 1,910 1,933 1,836 1,939 1,905 1,892 1,896
BEDFORD-STUYVESANT ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 2450
2350
2250
2150
2050
1950 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,190 2,188 2,206 2,168 2,166 2,178 2,210 2,222 2,222 2,252 2,277 2,306 2,309
BEDFORD-STUYVESANT TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 2850
2700
2550
2400
2250
2100 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,563 2,522 2,512 2,496 2,537 2,562 2,574 2,545 2,616 2,592 2,656 2,694 2,640
15 BEDFORD-STUYVESANT PRICE TRENDS PRICE TRENDS BOERUM HILL
REMAINING RELATIVELY STABLE, THE AVERAGE RENTAL PRICE IN BOERUM HILL FELL BY JUST 0.42% IN OCTOBER.
BOERUM HILL STUDIO PRICE TRENDS OVER 13 MONTHS 3000 2700 2400
2100 1800 1500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 1,900 2,036 2,158 2,174 2,311 2,226 2,072 2,055 2,375 2,375 2,368 2,211 2,180
BOERUM HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3350
3100
2850
2600
2350
2100 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,716 2,615 2,642 2,657 2,811 2,850 2,866 2,935 3,075 2,841 2,895 2,907 2,917
BOERUM HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 5500
4800
4100
3400
2700
2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,735 3,684 3,619 3,620 3,538 4,166 4,279 4,300 3,987 3,938 4,030 4,064 4,046
16 BOERUM HILL PRICE TRENDS PRICE TRENDS BROOKLYN HEIGHTS
THROUGH OCTOBER, THE AVERAGE RENTAL PRICE IN BROOKLYN HEIGHTS FELL BY 2.87%.
BROOKLYN HEIGHTS STUDIO PRICE TRENDS OVER 13 MONTHS 2900 2650 2400 2150 1900 1650 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,345 2,469 2,466 2,401 2,418 2,552 2,501 2,564 2,531 2,533 2,559 2,484 2,526
BROOKLYN HEIGHTS ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3900
3600
3300
3000
2700
2400 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,171 3,259 3,187 3,084 3,150 3,408 3,480 3,391 3,364 3,441 3,481 3,554 3,600
BROOKLYN HEIGHTS TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 7000
6300
5600
4900
4200
3500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 5,032 4,547 4,707 4,643 5,336 5,257 5,291 5,512 5,565 5,497 6,045 5,715 5,291
17 BROOKLYN HEIGHTS PRICE TRENDS PRICE TRENDS BUSHWICK
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN BUSHWICK EXPERIENCED AN INCREASE OF 2.64%.
BUSHWICK STUDIO PRICE TRENDS OVER 13 MONTHS 2600 2400
2200 2000
1800 1600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,140 2,094 2,097 2,074 2,136 2,109 2,205 2,196 2,170 2,169 2,213 2,142 2,264
BUSHWICK ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 2700
2550
2400
2250
2100
1950 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,306 2,225 2,247 2,295 2,372 2,414 2,451 2,462 2,441 2,450 2,463 2,546 2,572
BUSHWICK TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 3500
3100
2700
2300
1900
1500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,458 2,459 2,436 2,478 2,539 2,576 2,572 2,560 2,613 2,662 2,744 2,805 2,855
18 BUSHWICK PRICE TRENDS PRICE TRENDS CLINTON HILL
FOLLOWING A LARGE INCREASE LAST MONTH, THE AVERAGE RENTAL PRICE IN CLINTON HILL EXPERIENCED A CORRECTION OF 1.52%.
CLINTON HILL STUDIO PRICE TRENDS OVER 13 MONTHS 2700 2480 2260 2040 1820
1600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,352 2,252 2,146 2,113 2,174 2,239 2,248 2,305 2,227 2,257 2,312 2,431 2,454
CLINTON HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3250
3000 F 2750
2500
2250
2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,577 2,501 2,454 2,503 2,538 2,630 2,939 3,014 2,853 2,870 2,861 2,942 2,922
CLINTON HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 4200
3800
3400
3000
2600
2200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,203 3,142 3,122 3,205 3,253 3,263 3,512 3,633 3,655 3,692 3,562 3,716 3,574
19 CLINTON HILL PRICE TRENDS PRICE TRENDS COBBLE HILL
DUE, IN PART, TO IT’S LOW-INVENTORY NATURE, THE AVERAGE RENTAL PRICE IN COBBLE HILL INCREASED BY 7.20% THROUGH OCTOBER. AS WE ENTER THE RENTAL SLOW SEASON, PRICING CAN BE EXPECTED TO ADJUST.
COBBLE HILL STUDIO PRICE TRENDS OVER 13 MONTHS 3200 2800 2400 2000 1600 1200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT - 2,200 2,138 2,200 1,900 2,300 2,140 2,433 2,050 2,259 2,264 2,281 2,507
COBBLE HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3450
3200
2950
2700
2450
2200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,733 2,688 2,717 2,776 2,874 2,947 2,998 3,128 2,978 2,581 2,848 2,868 2,958
COBBLE HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 5000
4500
4000
3500
3000
2500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,564 3,634 3,755 3,624 3,591 3,687 3,643 3,730 4,538 4,343 4,114 4,116 4,468
20 COBBLE HILL PRICE TRENDS PRICE TRENDS CROWN HEIGHTS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN CROWN HEIGHTS FELL BY 0.91%.
CROWN HEIGHTS STUDIO PRICE TRENDS OVER 13 MONTHS 2400 2160
1920 1680 1440
1200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 1,743 1,816 1,821 1,812 1,857 1,863 1,974 2,056 2,067 2,011 1,985 1,943 1,913
CROWN HEIGHTS ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3000
2700
2400
2100
1800
1500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,184 2,203 2,166 2,143 2,158 2,209 2,240 2,247 2,293 2,260 2,196 2,269 2,278
CROWN HEIGHTS TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 3000
2800
2600
2400
2200
2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,518 2,430 2,438 2,461 2,534 2,576 2,589 2,578 2,568 2,629 2,635 2,721 2,679
21 CROWN HEIGHTS PRICE TRENDS PRICE TRENDS DOWNTOWN BROOKLYN
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN DOWNTOWN BROOKLYN FELL BY 2.65%.
DOWNTOWN BROOKLYN STUDIO PRICE TRENDS OVER 13 MONTHS 3000
2700
2400
2100
1800 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,762 2,684 2,659 2,655 2,734 2,784 2,835 2,840 2,918 2,925 2,880 2,933 2,850
DOWNTOWN BROOKLYN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 4200
3800
3400
3000
2600
2200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,372 3,317 3,319 3,370 3,404 3,413 3,484 3,548 3,588 3,763 3,747 3,665 3,605
DOWNTOWN BROOKLYN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
5150
4550
3950
3350
2750
2150 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 4,575 4,680 4,541 4,464 4,585 4,501 4,642 4,520 4,633 5,075 5,161 5,107 4,940
22 DOWNTOWN BROOKLYN PRICE TRENDS PRICE TRENDS DUMBO
CONTINUING THE TREND THAT EMERGED LAST MONTH, THE AVERAGE RENTAL PRICE IN DUMBO FELL BY AN ADDITIONAL 2.53% THROUGH OCTOBER.
DUMBO STUDIO PRICE TRENDS OVER 13 MONTHS 4200 3800 3400 3000
2600 2200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,135 3,350 3,420 3,353 3,256 3,206 3,107 3,123 3,060 3,030 3,447 3,446 3,386
DUMBO ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 5100
4700
4300
3900
3500
3100 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 4,136 4,300 4,141 4,233 4,364 4,439 4,306 4,133 4,026 4,121 4,356 4,283 4,021
DUMBO TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 7500
6900
6300
5700
5100
4500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 6,644 5,973 6,331 6,123 6,045 5,623 5,489 5,585 5,738 5,866 6,366 6,067 6,041
23 DUMBO PRICE TRENDS PRICE TRENDS FORT GREENE
OVER THE LAST MONTH, THE AVERAGE RENTAL PRICE IN FORT GREENE INCREASED BY 1.22%.
FORT GREENE STUDIO PRICE TRENDS OVER 13 MONTHS 2900 2700 2500 2300
2100 1900 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,642 2,567 2,572 2,445 2,353 2,458 2,504 2,560 2,726 2,569 2,450 2,431 2,557
FORT GREENE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3600
3400
3200
3000
2800
2600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,078 3,167 3,092 2,988 2,975 3,033 3,216 3,330 3,310 3,384 3,256 3,164 3,105
FORT GREENE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 5500
4900
4300
3700
3100
2500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,788 4,017 3,919 3,967 3,880 3,866 4,352 4,379 4,720 4,538 4,416 4,530 4,587
24 FORT GREENE PRICE TRENDS PRICE TRENDS GREENPOINT
FOLLOWING A PERIOD OF SUSTAINED GROWTH, THE AVERAGE RENTAL PRICE IN GREENPOINT EXPERIENCED A CORRECTION OF 3.57% THROUGH OCTOBER.
GREENPOINT STUDIO PRICE TRENDS OVER 13 MONTHS 3200 2900 2600 2300 2000 1700 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,520 2,474 2,363 2,310 2,402 2,590 2,541 2,472 2,522 2,712 2,577 2,644 2,767
GREENPOINT ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3500
3200
2900
2600
2300
2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,596 2,561 2,537 2,580 2,697 2,757 2,877 2,884 3,011 3,016 3,191 3,171 2,933
GREENPOINT TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 5000
4400
3800
3200
2600
2000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,997 3,000 3,047 3,086 3,159 3,187 3,359 3,559 3,698 3,979 4,149 4,142 3,902
25 GREENPOINT PRICE TRENDS PRICE TRENDS PARK SLOPE
THANKS TO AN INCREASE IN LUXURY INVENTORY COINCIDING WITH A GENERAL DECREASE IN INVENTORY, THE AVERAGE RENTAL PRICE IN PARK SLOPE INCREASED BY 4.01% THIS PAST MONTH.
PARK SLOPE STUDIO PRICE TRENDS OVER 13 MONTHS 2700 2450
2200 1950 1700 1450 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,127 2,251 2,187 2,179 2,212 2,203 2,272 2,310 2,342 2,172 2,081 2,135 2,240
PARK SLOPE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3200
3000
2800
2600
2400
2200 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,774 2,713 2,699 2,635 2,652 2,688 2,753 2,820 2,859 2,870 2,821 2,748 2,804
PARK SLOPE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 4100
3800
3500
3200
2900
2600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,428 3,274 3,356 3,371 3,326 3,389 3,391 3,421 3,506 3,572 3,535 3,469 3,642
26 PARK SLOPE PRICE TRENDS PRICE TRENDS PROSPECT LEFFERTS GARDEN
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN PROSPECT LEFFERTS GARDENS INCREASED BY 0.67%.
PROSPECT LEFFERTS GARDEN STUDIO PRICE TRENDS OVER 13 MONTHS 2500 2200
1900
1600 1300
1000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 1,823 1,841 1,736 1,698 1,659 1,659 1,771 1,785 1,832 1,860 1,878 1,910 1,904
PROSPECT LEFFERTS GARDEN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 2600
2350
2100
1850
1600
1350 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,023 1,941 1,940 1,944 1,918 1,962 2,062 2,076 2,034 2,122 2,071 2,092 2,077
PROSPECT LEFFERTS GARDEN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 3200
2900
2600
2300
2000
1700 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,536 2,517 2,441 2,454 2,447 2,426 2,496 2,506 2,521 2,582 2,575 2,573 2,637
27 PROSPECT-LEFFERTS GARDENS PRICE TRENDS PRICE TRENDS WILLIAMSBURG
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN WILLIAMSBURG INCREASED BY 1.62%.
WILLIAMSBURG STUDIO PRICE TRENDS OVER 13 MONTHS 3500 3100 2700 2300 1900 1500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,519 2,534 2,569 2,579 2,599 2,665 2,771 2,771 2,775 2,839 2,929 2,876 2,967
WILLIAMSBURG ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS 3600
3400
3200
3000
2800
2600 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2,899 2,919 2,914 2,941 2,965 3,047 3,154 3,167 3,206 3,225 3,296 3,290 3,305
WILLIAMSBURG TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS 4500
4100
3700
3300
2900
2500 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 3,459 3,344 3,409 3,505 3,571 3,540 3,669 3,780 3,658 3,912 3,816 4,123 4,184
28 WILLIAMSBURG PRICE TRENDS THE REPORT EXPLAINED
THE BROOKLYN RENTAL MARKET the MNS proprietary database and Note: All market data is collected REPORTTM COMPARES sampled from a specifc mid-month and compiled by MNS’s marketing FLUCTUATION IN THE BOROUGH’S point to record current rental rates department. The information RENTAL DATA ON A MONTHLY BASIS. offered by landlords during that presented here is intended for IT IS AN ESSENTIAL TOOL FOR particular month. It is then instructive purposes only and POTENTIAL RENTERS SEEKING combined with information from the has been gathered from sources TRANSPARENCY IN THE REBNY Real Estate Listings Source deemed reliable, though it may be BROOKLYN APARTMENT MARKET (RLS), OnLine Residential (OLR.com) subject to errors, omissions, AND A BENCHMARK FOR and R.O.L.E.X. (Real Plus). changes or withdrawal without LANDLORDS TO EFFCIENTLY AND notice. FAIRLY ADJUST INDIVIDUAL Author: MNS has been helping PROPERTY RENTS IN BROOKLYN. Brooklyn landlords and renters If you would like to republish this navigate the rental market since report on the web, please be sure The Brooklyn Rental Market Report 1999. to source it as the “Brooklyn Rental TM is based on a cross-section From large companies to individuals, Market Report” with a link back to of data from available listings and MNS tailors services to meet your its original location. priced under $10,000, with needs. Contact us today to see how ultraluxury property omitted to we can help. obtain a true monthly rental HTTP://WWW.MNS.COM/BROOK- average. Our data is aggregated from Contact Us Now: 718-222-0211 LYN_RENTAL_MARKET_REPORT
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