11/13/14 2:00pm

MNS, the Brooklyn real estate firm published their October 2014 Brooklyn Rental Market Report today (along with their Manhattan Rental Market Report). Andrew Barrocas, CEO of MNS, notes that rent prices in Brooklyn decreased by approximately 0.33% from $2,703 in September 2014 to $2,694 in October 2014. Rent prices decreased 0.2% from $2,698 to $2,694 compared to October 2013. Listing inventory decreased 6% compared to September 2014 from 2,527 units to 2,379 units.

The report reveals that in Brooklyn, the market appears to have slowed down slightly compared to September 2014. The largest percentage increases in rent prices (among material sample sizes) were
seen in studios in Bedford-Stuyvesant and two bedroom units in Dumbo. The largest percentage decreases were seen in studio units in Prospect-Lefferts Gardens and Brooklyn Heights. The largest annual upward and downward shifts in rent prices (among material sample sizes) were seen in Bay Ridge and Williamsburg respectively. Rents increased 9.3% in Bay Ridge compared to October 2013 from $1,615 to $1,766. Rents decreased by 9.5% in Williamsburg from $3,497 to $3,167.

Avg. Studios: $2,157 (Greatest change since September: +13.19%/+$207 in Bushwick studios)
Avg. One-bedrooms: $2,580 (Greatest change since September: +6.48%/+$103 in PLG one bedrooms)
Avg. Two-bedrooms: $3,345 (Greatest change since September: -7.37%/-$339 in Brooklyn Heights two bedrooms)

brooklyn_market_oct_14

Some other highlights of the report include the following:

  • Rent prices in Brooklyn decreased by approximately 0.33% from $2,703 in September 2014 to $2,694 in October 2014
    • Rent prices decreased 0.2% from $2,698 to $2,694 compared to October 2013
    • Listing inventory decreased 6% compared to September 2014 from 2,527 units to 2,379 units
  • The largest percentage increases in rent prices since September 2014
    • Studios in Bedford-Stuyvesant and Two Bedroom units in Dumbo, are up 10.66% and 6.50% respectively
  • The largest percentage decreases in rent prices since September 2014
    • Studios in Prospect-Lefferts Gardens and Brooklyn Heights are down 9.69% and 9.07% respectively
  • Largest annual upward and downward shift in rent prices
    • Bay Ridge rents are up 9.3% compared to October 2013, from $1,615 to $1,766
    • Williamsburg rents decreased by 9.5% from $3,497 to $3,167
  • One notable trend this month is Bushwick’s 4.29% increase in average rents
    • Due to a low sample size, this neighborhood’s 13.19% rise in Studio prices distorts the overall average rent
  • Overall rental prices in Fort Greene increased the most out of all Brooklyn neighborhoods, rising 4.07% from September 2014, while also rising by 5% from last year.
  • Brooklyn Heights saw a decline in all unit types in monthly average rents, leading to the greatest decrease among Brooklyn neighborhoods of 6.11%
  • Average studio pricing: $2,157, down from $2,187 in September 2014
  • Average one-bedroom pricing: $2,580, down from $2,586 in September 2014
  • Average two-bedroom pricing: $3,345, up from $3,335 in September 2014

In Dumbo, yearly overall average rents increased 4.6% from October 2013 to October 2014 due to a surge in Studio prices of 15.77%. In Dumbo for October 2014, studios were $3,641 (vs $3,777 in September 2014), one bedrooms $3,822 (vs $3,879 in September 2014), and two bedrooms $5,974 (vs $5,609 in September 2014). Here are the Dumbo price trends over 13 months for studios, one bedrooms, and two bedrooms:
dumbo_brooklyn_market_oct_14

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

Previously:
{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}

11/13/14 12:34pm

If you’re looking for an event space for the holidays, Vinegar Hill House is accommodating parties for the holidays from 20-60 people (also ask about corporate parties, wedding events, birthdays, and baby showers). Contact them directly at 718-522-1018 or info@vinegarhillhouse.com.

Also, next door sister restaurant Hillside offers nacho pop-up events on Sundays (1pm-8pm) and Mondays (8p-11p) during football season with El Gato Nacho (a Smorgasburg regular).
They show pre-selected games on a projector with food (nacho’s: plain, veggie, beef and HAIL MARY; for 3 people w/everything) and beer & wine.

hillside_sundays

Vinegar Hill House
72 Hudson Ave, Brooklyn, NY 11201

Hillside
70 Hudson Ave, Brooklyn, NY 11201 (between Water and Front St in Vinegar Hill)

{vinegarhillhouse.com}
{Hillside in Vinegar Hill Opens, 08Jun2014}

11/13/14 10:00am

american-fine-craft-show-brooklyn-bennett-leonoff-noiseux

Red teapot by Jerry Bennett, Weave #1 by Nick Leonoff, Ammolite ring by Debbie Noiseux

Sponsored By American Fine Craft Show at Brooklyn Museum.

Join us for the 2nd Annual American Fine Craft Show at Brooklyn Museum, part of The Art of American Craft Museum Show Series.

Created By BlankSlate

How often do you get to walk into Brooklyn Museum and walk out with some of the art? Well, on November 22 and 23, you’ll get your chance. The American Fine Craft Show Brooklyn will be returning to Brooklyn Museum, just in time for you to get an early start on holiday shopping. And if you enter our contest, you may even win a piece of art valued at $900!

Enter our contest below for a chance to win a hand-blown vase by acclaimed glass artist Douglas Merritt valued at $900; a personalized, custom-crafted puzzle box, based on your initial or your portrait, from founder Richard Rothbard himself; or one of 50 pairs of free tickets to the show.

a Rafflecopter giveaway
11/03/14 11:38am

dumbo_fest_lights

The first annual New York Festival of Light (NYFOL) will come to Dumbo Brooklyn on November 6,7,8, 2014. The NYFOL 2014 Festival features a curated collection of lighting and art installations created by local and international lighting designers and performance artists and technologists who work within the medium of light.

The NYFOL is a non-profit art group whose vision is to create and provide a unique and delightful experience for residents and tourists; enhancing NYC’s architecture through interactive, static and projected lighting installations. The experience will be free and open to all ages. If you’d like to support the organizers to make this annual NYFOL a huge success, go to their Kickstarter campaign.

Dates & Times

  • Thursday November 6th: 7pm-11pm
  • Friday November 7th: 5pm – 11pm
  • Saturday November 8th: 5pm – 11pm

Location: Archway under the Manhattan Bridge and Pearl Street Triangle (Pearl & Water St)

NYLightsMap

11/03/14 11:00am

american-fine-craft-show-brooklyn-bennett-leonoff-noiseux

Sponsored By American Fine Craft Show at Brooklyn Museum.

Join us for the 2nd Annual American Fine Craft Show at Brooklyn Museum, part of The Art of American Craft Museum Show Series.

Created By BlankSlate

How often do you get to walk into Brooklyn Museum and walk out with some of the art? Well, on November 22 and 23, you’ll get your chance. The American Fine Craft Show Brooklyn will be returning to Brooklyn Museum, just in time for you to get an early start on holiday shopping. And if you enter our contest below, you may even win a piece of art valued at $900!

The American Fine Craft Show Brooklyn will be held in the museum’s Beaux-Arts Court, featuring the works of over 90 exhibitors, including handmade ceramics, decorative and wearable fiber, furniture, glass, sculptures, jewelry, and leather apparel. There will be fashion by Patricia Palson, ceramics by Jerry Bennett Pottery, glass by Jeffrey P’an, furniture by Doug Meyer of Rustbelt Rebirth, and much more.

The show is a fantastic shopping opportunity for collectors and craft enthusiasts. The craft show will also serve as an ideal complement to the museum’s exhibition ”Crossing Brooklyn: Art from Bushwick, Bed-Stuy, and Beyond.” And because your ticket to the craft show includes general admission to the museum, you can also check out the special exhibition “Killer Heels: The Art of the High-Heeled Shoe,” as well as the museum’s long-term exhibitions and permanent collections.

american-fine-craft-show-brooklyn-jeffrey-palson-briggs

Over the years, founders Joanna and Richard Rothbard have brought us the American Fine Craft Show NYC, Contemporary Art Fair NYC, and the Rockefeller Arts Festival, as well as producing July’s Berkshires Arts Festival and the upcoming Sarasota Craft Show in December. With over 30 years of experience curating fine art and craft shows, the Rothbards have an eye for great work.

american-fine-craft-show-brooklyn-prizesYou could win a hand-blown vase by Douglas Merritt or a puzzle box by Richard Rothbard

Enter our contest below for a chance to win a hand-blown vase by acclaimed glass artist Douglas Merritt valued at $900; a personalized, custom-crafted puzzle box, based on your initial or your portrait, from founder Richard Rothbard himself; or one of 50 pairs of free tickets to the show.

Hours
Saturday, November 22, 12-6 p.m. (preview for Brooklyn Museum members and press, 11 a.m.–noon)
Sunday, November 23, 11 a.m.-6 p.m.

Tickets
Adults: $12.00 | Seniors: $11.00 | Students: $6.00 | Children under 10: Free | Brooklyn Museum members: 50% off
Cash at entrance, or discounts online at brooklyncraftshow.com. Ticket includes general admission to the museum.

 

a Rafflecopter giveaway
10/31/14 12:01pm

dumbo_halloween

The DUMBO Improvement District is sponsoring their 7th storefront trick-or-treating for kids in our community today. Children dressed in costume are welcomed into shops throughout the neighborhood with no purchase necessary.

Dumbo’s “official” hours for treats are Friday, October 31 from 4 – 7PM. Hours at each individual business may vary based their hours of operation; look for the official “Welcome Trick-or-Treaters” sign in shop windows.

Participating retailers in Dumbo:

  • Aegir Boardworks, 99 Washington Street
  • Almar, 111 Front Street
  • Almondine Bakery, 85 Water Street
  • Berl’s Poetry Shop, 126 Front Street
  • Blanc & Rouge, 81 Washington Street
  • Bo Concept, 79 Front Street
  • Bridgestone Cleaners, 109 Front Street
  • Brooklyn Industries, 70 Front Street
  • Brooklyn Roasting Company, 25 Jay Street
  • Dabney Lee, 45 Washington Street
  • Dewey’s Candy, 141 Front Street
  • DUMBO Kitchen, 108 Jay Street
  • Eyedrop Optique, 84 Front Street
  • Fitness Guru, 215 Water Street
  • Foragers Market, 56 Adams Street
  • Front Street Pizza, 80 Front Street
  • Gramercy Park Flowers, 32 Adams Street
  • Gran Electrica, 5 Front Street
  • Half Pint Citizens, 41 Washington Street
  • Jacques Torres, 66 Water Street
  • Jane’s Carousel, Brooklyn Bridge Park – Empire Fulton Ferry
  • Journey, 72 Front Street
  • Juliana’s, 19 Old Fulton Street
  • Modern Anthology, 68 Jay Street
  • NOS Boutique, 81 Front Street
  • One Girl Cookies, 33 Main Street
  • powerHouse Arena, 37 Main Street
  • P.S. Bookshop, 76 Front Street
  • Recycle-a-Bicycle, 35 Pearl Street
  • Redbeard Bikes, 69 Jay Street
  • Shake Shack, 1 Old Fulton Street
  • Singularity & Co, 18 Bridge Street
  • Smack Mellon, 92 Plymouth Street
  • St. Ann’s Warehouse, 29 Jay Street
  • Stewart/Stand, 141 Front Street
  • The Archway (Water Street at Anchorage Place) *plus FREE photobooth + FREE hands-on craft activities with Creatively Wild Art Studio
  • The Bridges, 66 Water Street
  • Trunk, 68 Jay Street
  • Two Kids and a Dog, 65 Pearl Street
  • West Elm, 75 Front Street
  • West Elm Market, 50 Washington Street

For more info, go to: www.dumbo.is