Crown Heights Rents Rise Fastest in Brooklyn

Despite a double-digit drop in rental prices last month, Crown Heights rents are still up more than 10 percent over last year — the highest increase in the borough, according to a recently released real estate report.

From DNA Info:

Rental costs shot up 10.5 percent in Crown Heights, according to a report by MNS Real Estate which compared September 2014 to the same month last year. The average price of a rental in Crown Heights in September 2014 was $2,082, up from $1,884 in the same month in 2013, according to the report.

The average cost of a studio apartment in Crown Heights in September 2014 was $1,847, the report found, with a one-bedroom going for $1,980 on average and a two-bedroom costing $2,420.

Crown Heights’ rapid increase came despite the fact that rental prices dropped by 11.2 percent in the neighborhood between August and September, the report found.

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4 Comments

  • 1. Biggest Kashe wrote:

    Explain: Hooliganism: Dozens of Teenagers go on Vandalism Spree (above/next story)?!?!?!?!?

    We will pay TOP dollar to live in danger and fear amongst animals shaped like humans. Maybe we are insane.

  • 2. Gabriel wrote:

    “Average”, blah-blah. Usual manipulations with statistic info.
    Real price 1bdr – $1.2-1.6k, 2bdr – $1.6-2k.

    • 3. Average wrote:

      You are right – for apt prices, but they are right for DECENT (fixed up) private rentals in HOMES.

  • 4. OUTRAGES!!! wrote:

    THIS IS NOT WHAT THE REBBE WANTED TO RAISE THE RENT FOR NO REASON AND CHASE PEOPLE OUT OF CROWN HEIGHTS BECAUSE OF THE RISE IN RENT, WHEN PEOPLE CAN NOT AFFORD IT!!! THE REBBE IS CRYING RIGHT NOW UP THERE!!!!

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