Rent for a studio skyrockets in Brooklyn

“Boerum Hill is probably the coolest neighborhood in Brooklyn right now,” says Brooklyn resident Terry Naini,a senior vice president at the residential brokerage Town.

Good luck finding a cheap studio in Brooklyn.
 
According to a report released Thursday from MNS, a real estate firm, studio prices jumped about 2.3 percent from May to June in Brooklyn, arriving at $1,832 per month on average.
 
And those studio rents were a 10.4 percent increase from June 2011, according to the report.
 
The neighborhood that experienced the sharpest increase was Greenpoint, the report found. Studio rents there were up 5.8 percent, one-bedrooms up 3.1 percent, and two-bedrooms increased 2 percent from May.
 
Other neighborhoods experiencing increases were Bay Ridge, where one-bedrooms were up 3.7 percent, and Bushwick, where two-bedrooms were up 4.5 percent.
 
A better place to look for a deal might be Boerum Hill, where rents were down 1.5 percent, according to the report.
 
The report authors attribute this to a transitional period while the area around Barclays Center undergoes construction.
 
“We believe the residential rents here will struggle,” researchers said in the report.
 
They estimate that the area should stabilize by 2013, with about 720 units expected at a planned downtown development called The Hub, and 350 units promised in the first residential tower of Atlantic Yards.



News
Entertainment
Sports
Lifestyle
National

Thousands protest in New York over Eric Garner…

The Reverend Al Sharpton led thousands of chanting but peaceful activists in a march across Staten Island on Saturday to protest the death of Eric Garner.

International

Egypt calls for Gaza ceasefire as fighting rages

Egypt called on Israel and the Palestinians on Saturday to halt fire and resume peace talks, but violence continued unabated.

National

SpaceX rocket terminated in Texas test flight

A Space Exploration Technologies’ Falcon 9 rocket suffered an anomaly shortly after launch on a test flight, triggering its automatic termination system.

Local

MAP: New York City Street Closures August 22,…

The Percy Sutton Harlem 5K and NYC Family Health Walk-a-thon and Pakistan Day Parade and Fair will cause traffic delays and street closures in New York City this weekend. Plan…

Music

Arcade Fire concert review, Massachusetts, Aug. 19

Arcade Fire take the opposite approach of "Shut up and play the hits," and it works in their favor on the "Reflektor" tour.

Television

Recap: 'The Knick,' Season 1, Episode 3, 'The…

The third episode of Steven Soderbergh's "The Knick" finds Dr. Thackery (Clive Owen) meeting an old flame and other characters embracing self-destruction.

Music

Webcast: Watch Polyphonic Spree live on Sunday Aug.…

Polyphonic Spree singer Tim DeLaughter sits with Metro Music Editor Pat Healy for a chat and then the big band performs live. It begins on Sunday at 9:30 pm

Movies

Matthew Weiner on directing 'Are You Here' and…

"Mad Men" creator Matthew Weiner discusses his movie "Are You Here," his history writing comedy and the tiny movie he directed in 1996 you can't see.

NFL

3 things we learned about the Giants in…

The Giants claimed the Snoopy trophy in a battle of MetLife Stadium tenants Friday night. But more importantly, the offense finally showed some life in…

NFL

3 things we learned about the Jets in…

The Jets lost the Snoopy Bowl, 35-24, to the Giants, losing the trophy and local bragging rights.

NFL

Fantasy football draft guide: How to draft your…

Many are wondering if we’re entering a new age in fantasy football drafting — one where running backs take a backseat.

NFL

Jets vs. Giants: 3 Giants storylines to watch

The Giants have plenty to work on as they reach the dress rehearsal preseason game Friday night against the rival Jets.

Wellbeing

Asics is giving away free gear around NYC…

Asics wants to see you on the court - and in the stands for the U.S. Open, which begins Monday - by giving away free…

Sex

Big weddings may lead to long-term happiness

Dreaming of a big wedding? A new study indicates that the longer your guest list, the happier you’ll be in the long run. l A…

Sex

Online dating for every generation

Frank Jackson and his mother Maggie are like lots of modern families: They have dinner together regularly, keep each other updated on their lives —…

Wellbeing

Going green could be the key to getting…

If we could just pursue the things that would actually make us happy, we could help the environment too, according to a New York researcher.…