MNS

New Greenpoint rental opens lottery for 59 apartments, from $1,869/month

Renderings courtesy of Madison Realty Capital

November 22, 2024

New Greenpoint rental opens lottery for 59 apartments, from $1,869/month

Applications are currently being accepted for the first phase of a new luxury development in Greenpoint. A lottery launched for 59 apartments at Greenpoint Central, an eight-story, two-building complex located at 65 and 75 Dupont Street. New Yorkers earning 80 and 130 percent of the area median income can apply for the units, priced from $1,869/month for studios to $4,376/month for two bedrooms.
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Affordable Housing

Apply for 12 affordable apartments in Bed-Stuy, from $1,230/ month

27 Albany Avenue rendering via Loci Architecture

August 30, 2017

Apply for 12 affordable apartments in Bed-Stuy, from $1,230/ month

By Devin Gannon

Applications are currently being accepted for 12 affordable apartments at 27 Albany Avenue in the Brooklyn neighborhood of Bedford-Stuyvesant. Located on the bustling corner of Fulton Street, the building rises 10 stories with 50 residences. Amenities include on-site parking, a virtual doorman, package room, fitness center, communal terraces and a lounge. New Yorkers earning 80 percent of the area median income can apply for five one-bedrooms for $1,230 per month and seven two-bedrooms for $1,486 per month.
Find out more

Affordable Housing

February 5, 2015

Rents in Harlem Shoot Up, Brooklyn Studios Expensive as Ever

By Diane Pham

MNS has just released their 2014 report pointing to rental performance in the Manhattan and Brooklyn markets over past year. And as you've probably already guessed there are no surprises here—rents were up. Leading the charge in growth were Harlem where new luxury listings gave the area a major boost, and of course Brooklyn which continued see growth at remarkable rates, particularly with studio units which were up more than 20 percent in some nabes.
Find out more here

Real Estate Trends

January 8, 2015

Rents in Brooklyn Still Up Even with a Boom in New Listings

By Diane Pham

MNS has just released the December rental reports covering Manhattan and Brooklyn. Far from surprisingly, rents were up in both boroughs, each seeing a solid increase year over year. But one finding that definitely stood out was Brooklyn's 9 percent uptick in new listings between November and December 2014. Whether rents will reflect the new inventory the coming months has yet to be seen; November on December figures slow only the slightest decrease with average rents falling from $2,677 to $2,666 (a 0.39 percent drop). Bigger picture figures show that since December 2013, rent prices have increased 3.08 percent rising from $2,587 to $2,667 in December 2014. Brooklyn neighborhoods that did especially well last year included Boerum Hill, which saw an average rent increase of 15.7 percent from $2,668 in December 2013 to $3,088 in December 2014; and Prospect-Lefferts Gardens, which saw a 9.5 percent increase since December 2013—a continuing trend for the nabe. So, is Brooklyn still having its moment?
More details on Brooklyn and the Manhattan dispatch this way

Real Estate Trends

July 10, 2014

Brooklyn Rents on the Rise With Crown Heights and Bed-Stuy Leading the Charge; Manhattan Rents Relatively Stable

By Diane Pham

This past week there has been a lot of talk about Crown Heights and Bed-Stuy finally having their "moment", and it looks like there are numbers in to back that up. MNS's June rental market report for Brooklyn and Manhattan reveal that both developers and renters are looking to move away from saturated areas like Williamsburg and DUMBO. By MNS's measure, average rents in Brooklyn increased from $2,556 to $2,741, or 6.2%, as compared with June of last year — very much driven by rent hikes in gentrifying areas. Manhattan rents on the other hand fell just slightly.
More on the Brooklyn and Manhattan rental markets here

Real Estate Trends

MNS

New Greenpoint rental opens lottery for 59 apartments, from $1,869/month

Apply for 12 affordable apartments in Bed-Stuy, from $1,230/ month

Rents in Harlem Shoot Up, Brooklyn Studios Expensive as Ever

Rents in Brooklyn Still Up Even with a Boom in New Listings

Brooklyn Rents on the Rise With Crown Heights and Bed-Stuy Leading the Charge; Manhattan Rents Relatively Stable

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