Looking for a deal on housing? You’ll have to slum it in Manhattan — because the outer boroughs now boast some of the most expensive neighborhoods in NYC.
When Stephanie Lipari, a 28-year-old salesperson for L’Oréal, decided to move from Oyster Bay, Long Island, to the city, she thought she would be saving money by looking in Queens.
“The competition for a great apartment is tough in Long Island City,” he said. “The prices to buy per square foot have gone up to $1,000, and there are multiple bidders going for the same properties.” In fact, data provided by real estate appraisal firm Miller Samuel shows that the sales market in 14 neighborhoods in the boroughs are currently more expensive than the city. They include: Williamsburg, Greenpoint, Park Slope, Gowanus, Red Hook, Boerum Hill, Carroll Gardens, Cobble Hill, the Columbia Street Waterfront District , Brooklyn Heights, Downtown Brooklyn, Dumbo, Manhattan Beach and Windsor Terrace.
A current high-priced listing in One Prospect Park West, for example, is a four-bedroom, three-bath apartment for $4.6 million. “You have these incredible parks that are escapes from city life, which are more appealing than ever before since COVID struck,” she said. Natalia Mestizo, 31, an investment banker, was ready to buy her first apartment, when she too felt the squeeze in the boroughs. She is currently renting in Manhattan’s Hudson Yards, but was hoping to relocate to Greenpoint or Williamsburg with a budget of $800,000 for a one-bedroom.
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