05/28/15 5:48pm

This post courtesy of Explore Brooklyn, an all-inclusive guide to the businesses, neighborhoods, and attractions that make Brooklyn great.

dumbo-brooklyn-bridge

Whether you’re a visitor to New York or a native, everyone has one big item on their to-do checklist: walk across the Brooklyn Bridge. The bridge itself is beautiful, the views of the East River and the Manhattan and Brooklyn skylines are breathtaking, and you’ll be getting some fresh air and exercise.

OK, so you’ve walked across the bridge from Manhattan to Brooklyn. Now what?

We hope you’re not thinking of just turning around to trek back to Manhattan, or heading straight for the subway. You’ve reached Brooklyn! This is where it’s all happening!

Instead, take the first Brooklyn exit — the stairs down to Washington Street — and spend a few hours in Dumbo, one of Brooklyn’s most vibrant and scenic neighborhoods. Check out the views from Brooklyn Bridge Park, eat some world-famous Brooklyn pizza, shop in upscale boutiques…you may not want to go back to Manhattan!

Read on for the top things to do while you’re here. (more…)

05/15/15 2:05pm

On Wednesday, there was a Community Engagement meeting with the NYC Department of Education to address the overcrowding of P.S. 8 school. The Department of Education cut a full kindergarten class from P.S. 8 to alleviate the overcrowding for the first time in its history. State Senator Daniel Squadron, Councilmember Steve Levin and Assembly person Jo Anne Simon with the school PTA called the meeting at the Library of P.S. 287, 50 Navy Street in Brooklyn.

Brooklyn Bridge Parents provided a good recap of the meeting. According to the recap, DOE Chief Executive of Space Management Thomas Taratko “clarified that PS 8 never had the planning capacity for a 6th Kindergarten class and while the principal of the school had accommodated a 6th section during the last two years to allow all in-zone children to attend PS 8 the school has no capacity to continue to do so.”

Thomas Taratko insisted that the zone of PS 8 is too large and rezoning should have happened two years ago. “Rezoning is on the table and we are working on a rezoning proposal for the school year 2016/2017. We have a couple hundred available seats at PS 307 and PS 287.” A task force of parents, PTA members, school officials, elect officials, the DOE and the CEC will work on a rezoning proposal and solutions beyond the immediate rezoning. By November the rezoning committee of the CEC 13 could make their decision for next school year leaving more time for parents to plan accordingly.

School seat capacity PS8, PS307, PS287

Brooklyn Bridge Parents points out that with 1,841 new residential units coming to the PS 8 school zone between 2015 and 2019, the community needs to expect over 500 additional elementary-school-aged children. Rezoning will alleviate some unfilled seats in local schools at P.S. 307 and P.S. 287. However other solutions to accommodate all kids in the area will be needed.

new residential developments in PS8 school zone 2016

(Images courtesy brooklynbridgeparents.com)

05/15/15 11:49am

MNS, the Brooklyn real estate firm published their April 2015 Brooklyn Rental Market Report yesterday (along with their Manhattan Rental Market Report). The report notes that average rents across Brooklyn rose slightly this month. The average rent in Brooklyn increased to $2,714.14, up 0.48% from $2,711.22 in March 2015. Over the past 12 months, Brooklyn rents are up 2.26%, from $2,663.93 in April 2014.

Boerum Hill saw the greatest change in rent prices since last month, with average rents falling 7.72%. Clinton Hill saw the greatest increases of any neighborhood in the report, with prices growing an average of 4.53% since last month.

From a year-over-year perspective, the largest changes in average rent prices occurred in the neighborhoods of Downtown Brooklyn and Greenpoint. The average rent is up10.8% in Downtown Brooklyn over the last year, from an average of $3,114.00 in April 2014 to $3,451.00 in April 2015. Average rents are down 7.7% in Greenpoint over the last year, from $2,896.00 in April 2014 to $2,673.00 in April 2015.

brooklyn_market_apr_15

brooklyn_market_apr_15a

Some other highlights of the report include the following:

  • Average rents in Brooklyn increased to $2,724.14 in April 2015. Monthly growth was 0.48% from March 2015
    • Year-over-year increases were 2.26% from April 2014
    • Listing inventory grew by 1.17% in April—up to 3,019 from 2,984 units in March
    • Williamsburg comprised the largest amount inventory in April, accounting for nearly 24% of all listings
  • The largest monthly increase
    • Studios in Dumbo rose by 7.75%, from $3,004 in March 2015 to $3,236 in April 2015
    • Studios in Crown Heights rose by 7.11%, from $1,428 in March 2015 to $1,529 in April 2015
    • One bedroom units in Clinton Hill rose by 7.65%, from $2,421 in March 2015 to $2,606 in April 2015
  • The largest monthly decrease
    • Studios Cobble Hill decreased by 15.29%, from $2,019 in March 2015 to $1,968 in April 2015
    • Studios in Brooklyn Heights decreased by 12.22%, from $2,539 in March 2015 to $2,229 in April 2015
    • Two bedroom units in Bay Ridge decreased by 9.42%, from $2,248 in March 2015 to $2,037 in April 2015
  • Neighborhood Trends
    • Dumbo: April’s most expensive rental properties are in Dumbo, with studios, one bedrooms and two bedrooms at prices up to $3,236, $3,976 and $5,701 respectively
    • Bay Ridge: April’s least expensive studios and one bedrooms are in Bay Ridge, at $1,343 and $1,633 respectively
  • Average studio pricing: $2,116, down from $2,139 in March 2015
  • Average one-bedroom pricing: $2,640, up from $2,608 in March 2015
  • Average two-bedroom pricing: $3,417, up from $3,386 in March 2015

In Dumbo for April 2015, the average neighborhood rent increased 3.86% since March. The average price for studio and two bedroom units increased 7.75% and 4.59%, respectively, since last month. One bedrooms in the neighborhood saw prices fall slightly, dropping by an average of .08%.

Studios were $3,236 (vs $3,004 in March 2015), one bedrooms $3,976 (vs $3,979 in March 2015), and two bedrooms $5,701 (vs $5,451 in March 2015). Here are the Dumbo price trends over 13 months for studios, one bedrooms, and two bedrooms:
dumbo_report_apr_15

For full report, go to www.mns.com/brooklyn_rental_market_report

Previously:
{March 2015 Brooklyn Rental Market Report}
{January 2015 Brooklyn Rental Market Report}
{December 2014 Brooklyn Rental Market Report}
{October 2014 Brooklyn Rental Market Report}
{July 2014 Brooklyn Rental Market Report}
{May 2014 Brooklyn Rental Market Report}
{March 2014 Brooklyn Rental Market Report}
{January 2014 Brooklyn Rental Market Report}
{November 2013 Brooklyn Rental Market Report}
{October 2013 Brooklyn Rental Market Report}
{July 2013 Brooklyn Rental Market Report}
{May 2013 Brooklyn Rental Market Report}
{Brooklyn Rental Market Report (Year End 2012)}
{October 2012 Brooklyn Rental Market Report}
{September 2012 Brooklyn Rental Market Report}
{June 2012 Brooklyn Rental Market Report}
{May 2012 Brooklyn Rental Market Report}
{April 2012 Brooklyn Rental Market Report}