MNS, the Brooklyn real estate firm published their January 2014 Brooklyn Rental Market Report yesterday (along with their Manhattan Rental Market Report). The report reveals that in Brooklyn, following a decline in November and December, average rents in Brooklyn increased 1.62% in January, from $2,587 to $2,629 Brooklyn rents have risen 4.02% since this time last year:
Avg. Studios: $2,069
Avg. One-bedrooms: $2,515
Avg. Two-bedrooms: $3,267
Some other highlights of the report include the following
Demand for two-bedrooms in Bushwick lead to a 5.6-percent increase, from $2,160 to $2,283 since last month.
Cobble Hill one-bedroom pricing witnessed the largest month-over-month increase of any unit type in Brooklyn, rising 7.1-percent to $2,625 from $2450.
Crown Heights two-bedrooms increased 5.3-percent since December, from $2,227 to $2,345.
The largest month-over-month gain by volume was in Downtown Brooklyn, as each unit type offered positive returns throughout January. Studios (+2-percent or $2,464); One-bedrooms (+4.5-percent or $3,028); Two-bedrooms (+2.3-percent or $3,913).
Rent in Fort Greene has increased for five consecutive months, as availability has consistently decreased and caused prices to rise each month. Studios (+5.6-percent or $2,450); One-bedrooms (+2.1-percent or $2,675); Two-bedrooms (+1.8-percent or $3,702).
Rents for One-Bedrooms in Dumbo increased for the second consecutive month, up 2.9% since the previous month from $3,826 to $3,939. Increased demand for One-Bedrooms coupled with a limited availability in Dumbo has consistently made this unit type the highest priced One-Bedroom in Brooklyn.
In Dumbo for January 2014, studios were $2,783 (vs $3,044 in Dec 2013), one bedrooms $3,939 (vs $3,826 in Dec 2013), and two bedrooms $5,033 (vs $5,153 in Dec 2013). Here are the Dumbo price trends over 13 months for studios, one bedrooms, and two bedrooms:
The Dock Street Dumbo building (60 Water street on Dock, Front, and Water Streets) is now on the second level above ground. The 18 story development will have 400 rental units with a proposed middle school on the ground/lower levels.
Waiting out school admissions–whether it’s a kindergarten or middle school spot at a coveted public school, or your child’s first-choice private school–can be maddening.
That’s what makes the admissions process at BASIS Independent Brooklyn so refreshing. The new private K-12 school, opening in Red Hook this fall, stands out among other education options in New York for its rigorous, STEM-focused curriculum, unique teaching style, and accountability. So, as part of their mission to raise American education to the highest international levels, they’re taking a different tack toward admissions. (more…)
TRUNK is hosting a Valentine’s Day event featuring artist Stefan Killen. On the opening night on February 6, 2014 at TRUNK, Stefan will be taking couples’ portraits with his pinhole camera. Bring your sweetheart or a friend or a child and get a moody and quirky portrait taken by Stefan.
Few things concern Brooklyn parents more than getting their child into a good school. Desirable public schools offer no guarantee of admission, and most private schools are priced out of reach, which is why any parent currently weighing their options should consider the new k-12 BASIS Independent Brooklyn opening in Red Hook this fall.
The school is one of the first two private schools from BASIS.ed–the other is in Silicon Valley–and it will draw upon the successes of its flagship charter schools. To name a few: BASIS students take an average of 10 AP exams each, and most complete them by their junior year. BASIS students also outperform their peers in Shanghai, China–the top students in the world according to international assessment tests.
“We’re bucking the trend of American kids falling behind their international peers,” says BASIS Independent Schools communications director David Schulz, a New York City native and Stuyvesant High School alum who understands the need for superior schools in the city.
Even if global test scores mean little to you, the way that BASIS teaches its own, rigorous curriculum is exciting in its own right. From the first through the fourth grades, students have two teachers in every class–a subject expert and a learning expert who travels with the students throughout the day, ensuring that any child experiencing difficulty in a subject can lean on this person for support. Mandarin is taught beginning in kindergarten, and by the first grade, students attend a class called “Connections” in which they’re given challenges to tie together their studies. A typical challenge might start with the children translating “The Three Little Pigs” into Mandarin, and then calculating the distance required for the wolf to blow down each house. All in the second grade.