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.
Brooklyn Bridge Park has noted that construction will begin in mid-January 2014 to significantly expand the park at the northern and southern ends. A few areas of the park will be closing temporarily.
Main Street Conversion: “Construction at Main Street will involve the temporary closing of the Main Street dog run and Riverview lawn (Pebble Beach and Main Street Playground will remain open).” The new sections of Main Street will reopen in late fall 2014.
Closest alternative dog runs are located at:
Hillside Dog Park: Columbia Heights and Vine Street (for further information please go to hillsidedogs.org) or contact the Friends of Hillside Dog Park at email@example.com
Pier 6 Dog Run: Brooklyn Bridge Park at Atlantic Avenue. For further information, please contact the Pier 6 dog run group at firstname.lastname@example.org
Open space design at Main Street will feature an expanded lawn, an improved entry plaza at Washington Street, an upgraded dog run, outdoor community space and a bouldering wall.
The former New York City Department of Environmental Protection Building (the “Plymouth St Building”), will be transformed into a 1,700 square foot public park building providing much needed restrooms, a community meeting space, an environmental education center and BBP operations space. The design will upgrade the building throughout and feature new glass facades providing a light-filled entryway into the new public space.
John Street development: “New waterfront parkland will be built at the John Street site, including pedestrian bridges over a tidal salt marsh, tree-lined pathways, and a 13,000-square-foot gathering lawn. Plans for this area also include a new pedestrian entrance at Jay Street. These elements will strengthen BBP’s ties to the DUMBO community, and seamlessly incorporate new sections into the overall fabric of the park.”
Pier 6: “3.4 acres of new parkland will be added to the existing Pier 6 landscape. The Playground at Pier 6 opened in June 2010 and the first third of the pier structure opened in May 2011. This project will add expansive landscape and lawn areas to the southern end of the park — building from existing park areas at Pier 6 and extending the circulation pattern on the pier. The design comprises a seasonally vibrant perennial flower garden, a sinuous network of lawns bordered by shade plantings and seating, and the extension of the pier’s 30-foot wide exterior promenade.”