Posted on 09/18/2015 7:27:24 PM PDT by lowbridge
Just when it looked like Brooklyn rents couldnt possibly go any higher, they jumped again.
The median rent for a Brooklyn apartment rose by a whopping 10.8% year-over-year in August, to $3,112 a month, according to a new report by residential brokerage Douglas Elliman.
The gain marks the first time since records began that median rents topped $3,000 a month.
Its the third record high in three months, said real estate appraiser Jonathan Miller, who prepared the report, and were going to continue over the coming year to see prices hit record levels.
Rents rose dramatically for every unit type across the borough.
The median price for a studio apartment rose by 14.6% from last year, to $2,500, while prices for one- and two-bedroom homes went up by 7.7% and 14.7%, respectively.
The median price for a one-bedroom pad was $2,865 in August, while the price for a two-bedroom topped $3,500.
(Excerpt) Read more at nydailynews.com ...
Import a few million illegals and things like that are bound to happen.
I have a 3000sf house with a 2 car garage on 1/3 acre and I and buying it at $2200p/m. Fools.
Vote for freak show commies over and over and who knows what will “hit” you next!
Wow you could get a mansion up here in Central New York for $3,000 a month.
Eat it city folk and stay there. You got yer cake now eat it.
3/1 at $700.
How many hipsters with daddy’s $$$$ are moving into these areas?
A fool and his money are soon parted.
Effing pukes.
https://m.youtube.com/#/watch?v=OCCEr31sz5I
Well, the market speaks for itself.
I thought LA’s rents were bad! How does anybody afford that?
The illegals are not paying $3,000/mo. rent. Brooklyn has become the most fashionable address in the country for hipsters.
I know people who live in Boston. How they can afford/justify the rent I have no idea.
Ouch
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