Studio rents soar in Brooklyn neighborhoods: Report
Apartments in DUMBO fetched the highest prices in the city in July. (Streeteasy) Credit: Apartments in DUMBO fetched the highest prices in the city in July. (Streeteasy)
Home hunters looking to live on their own in Brooklyn may need a bigger wallet.
A report released Thursday by the real estate firm MNS found that the average rent for a studio in the borough was $1,956 in July.
Not only did rent increase 6.7% from the June average of $1,832, but it also represented a 14.9% jump in Brooklyn studio pricing from the same point last year, according to the report.
DUMBO had the largest average rent price in July with a studio fetching $3,275, while Bed-Stuy had the lowest rent with an average of $1,200.
Greenpoint saw the greatest jump in rents for all types of apartments, according to the report.
"Although close to Williamsburg, Greenpoint rents are significantly lower which might make this a better investment for the renter," the report said.
'Democrats say this is a misuse of taxpayer funds' Nassau Republicans awarded over $1 million in taxpayer-funded legal contracts to the one-man law firm of Sheharyar Ali, a longtime GOP ally. Ali's father is an adviser to Nassau County Executive Bruce Blakeman. NewsdayTV's Ken Buffa and Newsday Nassau County politics reporter Bahar Ostadan have the story.
'Democrats say this is a misuse of taxpayer funds' Nassau Republicans awarded over $1 million in taxpayer-funded legal contracts to the one-man law firm of Sheharyar Ali, a longtime GOP ally. Ali's father is an adviser to Nassau County Executive Bruce Blakeman. NewsdayTV's Ken Buffa and Newsday Nassau County politics reporter Bahar Ostadan have the story.
