Median rent in Dumbo for one bedrooms are $3,650 and two bedrooms for $5,000.
Brooklyn Heights one and two bedrooms are $3,100 and $4,350.
Williamsburg one and two bedrooms are $3,195 and $4,050.
No surprises there and Rentenna lists the average neighborhood pricing per neighborhood and displays in a heatmap the overall trends block-by-block in pricing from the past 30 days. (Red = Increase, Green= Decrease and where to find the hidden deals, Blue= Rents fall in line with median rent). Check out the full Brooklyn Apartment Rental Prices Heatmap.
aptsandlofts.com, a full service real estate brokerage, released its first ever ten year sales study for the Brooklyn market. Reading over the study confirms that prices have gone up by a lot in certain Brooklyn neighborhoods. However, this study shows the numbers over the past decade in the following eight neighborhoods in the borough: Dumbo, Brooklyn Heights, Boerum Hill, Cobble Hill, Carroll Gardens, Williamsburg, Bedford-Stuyvesant, and Park Slope.
A few findings include:
The average condo price in Williamsburg in 2003 was valued at $331,000, while in 2013 the projected average condo price in Williamsburg is valued at $827,000, a nearly 150% increase.
From 2005 until 2012, Park Slope averaged about 500 condo and co-op sales per year.
Bed-Stuy saw a significant increase in condo sales over the last ten years, rising from 12 in 2003 to a projected 132 sales in 2013.
The Brooklyn Heights townhouse market exhibited an impressive gain over the past decade, rising from an average sale price of $1,926,000 to $4,860,000; a gain of 152%.
For the Dumbo market, some key highlights:
The average condo price in Dumbo in 2003 was $908k (avg $ per square foot was $588), while in 2013 the projected average condo price is valued at $1.145M, a 26% increase.
The number of condo sales in Dumbo peaked at 400 in 2007 and dropped to 32 in 2009.
The projected average price per square foot of $872/square feet is an increase in value of 48% compared to 10 years ago of $588/sqft
70 Washington Street sold 213 units between 2003 and 2013, the most of any building in Dumbo.
The highest condo price per square feet sold was at 1 Main Street PH at $3,358 in 2006.
Leaf Medical, a primary care center in Dumbo is a contributor for health relatic topics. Dr. Stephanie Shaps, a pediatrician at Leaf Medical writes a post about a vaccine most children should get during winter that most parents don’t know about.
“As a new pediatrician in the neighborhood I thought I would introduce myself by reaching out to parents on this site by writing a few words, a short blog one might say. I am a practicing pediatrician and mom of two young kids myself (ages 5 and 2yrs), so I am right in the parenting trenches with you! I am so excited to now be practicing in the great neighborhood of DUMBO and look forward to hopefully meeting you at our office, Leaf Medical, soon!
As I have been meeting with many expectant parents, I thought I could provide a little information on an important intervention you can do now to help protect your new baby – making sure you receive your Tdap vaccine!”
The DUMBO Einsteins alternative Pre K classes start January 7th at Abundant Learning (68 Jay Street). They have enrichment classes for students ages late 2′s-late 5′s. This semester they are offering a more flexible schedule for families who cannot commit to a full schedule. Email Liz to discuss a visit, trial class or scheduling.
Dumbo got about 4 inches of snow last night from the ‘snow storm’. As of 8am, there’s a light dusting of snow coming down, but according to the Accuweather report, there won’t be much more significant snow accumulation. The temperature is cold (12 degrees F but feels like -10 F with the wind), so exercise caution when going outside.