fbpx

Tag: barnes realty

Why should you buy an apartment in Brooklyn Heights?

Of all the locations in New York City, few areas have as much culture, entertainment, and opportunities as Brooklyn Heights. Once a location that few people really paid attention to, Brooklyn Heights has blossomed a lot over the years and is now one of the most beloved and popular parts of town.  

It is close to Manhattan, Brooklyn, Queens, and is filled with wonderful businesses, restaurants, parks, and many other features that make it an ideal place to live in.  

People who haven’t lived in Brooklyn Heights before may not be sure what it is that makes this part of town so enticing and exciting. They might also not know what to look for in terms of price, location, and companies that they want to live next door to.  

The truth is that there’s a lot to know – and be excited for – when it comes to Brooklyn Heights. There are many reasons why so many people are eager to move from all over the country to this unique and special part of New York. Let’s take a deeper look at what Brooklyn Heights has to offer you and your future. 

How much does it cost to live in Brooklyn Heights?

If you want to buy an apartment in Brooklyn Heights, there are many things to keep in mind. That is also true if you want to buy a condo in Brooklyn Heights or buy a co-op in Brooklyn Heights. Obviously, the biggest and most pressing things that people focus on is the price of living there. 

Brooklyn Heights, which was one of the first neighborhoods that people experience when passing over the Brooklyn Bridge from Manhattan, is a very popular option. Its location near the East River provides gorgeous views for residents and also pretty high price point too.  

The cost of living in Brooklyn Heights varies but the median sales price as of October 2023 is about $1.3 million with a price per square feet an average of $1,508 per sq.ft., while the median rent for tenants is typically about $6,150*. It is important to note, however, that some prices are much, much higher than that depending on the type of property.

*Data from OLR

Why buy an apartment in Brooklyn Heights? 

There are so many reasons to have interest in living in Brooklyn Heights that finding just a few to highlight can be very difficult. The truth is that this part of New York City has a plethora of options for anyone looking for the best in food, entertainment, and culture as well. 

One of the best things about Brooklyn Heights is that it’s just a single subway or ferry stop away from the hustle and bustle of downtown Manhattan. In fact, most commuters have noted that it takes no more than 30 minutes to get from Brooklyn Heights to the heart of the city. At the same time, it is very quiet and often feels like a million miles away from such a busy part of town. That duality of proximity to the city with its quiet neighborhoods makes Brooklyn Heights enticing and well worth the commute for plenty of people.  

Dining

Brooklyn Heights has made a name for itself as one of the premiere locations when it comes to food in the Big Apple. Whether you are looking for a fancy dinner or a quiet night out with friends or family, Brooklyn Heights has you covered.  

Vineapple Cafe is a bright and colorful restaurant where you can enjoy delicious soups and sandwiches for dinner or lunch. Dellarocca’s is perfect for those hankering for brick over pizza while Colonie is a high-end New American eatery that will create memories and happy tummies.  

Other restaurants offer a variety of French, Italian, and American meals. And don’t forget the plethora of both high-end and affordable coffee shops that will provide you with yummy drinks, great atmosphere, and a great place to make company.  

Shopping 

It doesn’t matter what you’re looking to buy, you can find it in Brooklyn Heights. Montague Street, for example, has a slew of great and memorable shops that you can spend hours in. But there are countless other places you can spend your money, from the well-known to the more unique and under the radar.  

Fulton Mall, which is technically part of Brooklyn, is one of the hot spots in the area that provides a bunch of places for you to look and spend. It is multiple blocks of businesses that feature brands such as Express, American Eagle, Banana Republic, The Gap, and others. TJ Maxx and Nordstroms Rack have also planted their flags in this part of town.  

Many tourists and city residents spend all day in Brooklyn Heights window shopping or spending cash in the finest boutiques and stores.  

Culture

From Brooklyn Bridge Park to the Brooklyn Heights Promenade, Cadman Plaza Park, and more, there are plenty of lively locations throughout this part of town that have plenty to offer. You will find plenty of parks, clubs, and other places where you can meet new people, make friends, and create a small community of your own.  

Summary 

Living in Brooklyn Heights can be a very rewarding and exciting move for you to make when you are making your home in New York. There is just so much to do and see that you’ll never run out of fun times to be had. If you really want to buy an apartment in Brooklyn Heights, you should contact our experts at BARNES New York. For years now, we have learned everything there is to know about Brooklyn Heights and all of New York. We will walk you through the entire process and help you find a house that truly feels like a home. It doesn’t matter if you’re looking for an apartment, condo, penthouse, or townhouse in Brooklyn Heights, it is vital that you contact us today! 

Contact Us

Why should you buy an apartment in Astoria?

If you are looking for a place to call home in New York City, there may be one neighborhood to consider. Astoria is a neighborhood located in Queens. What makes it so popular is that it has a blend of city life and small town charm. 

If you are looking for houses for sale in Queens, the Astoria real estate market may have something in store for you. After all, you’re in one of the most culturally diverse boroughs in the entire city. You might even find yourself spending more time here than in Manhattan or any of the other boroughs. 

Let’s take a look at some of the reasons why you should buy an apartment in Astoria right now. 

It’s close to Manhattan 

If you work in Manhattan, you’re going to enjoy a short commute. Thus, it would make a ton of sense to live in Astoria. You’ll be close to several major highways and subway stations. 

With a robust transportation system, you can easily get around any corner of the city. You don’t have to have a car to get around. You’ll be surprised how much ground you can cover just by being in New York City alone. 

Buses and subways are any New Yorker’s best friend. It might be yours even if you move to Astoria.  

There are plenty of housing options 

If you are looking for housing options, Astoria has quite a few. You can buy a condo in Astoria if you are looking for something that is a bit upscale and something you can call your own. 

Otherwise, consider the idea to buy a co-op in Astoria. A co-op is similar to condos. The only difference is that you own shares in the company that owns the entire building. You need to follow the rules and regulations set by the co-op board. You’ll find a home that will fit your critical needs and preferences. Whether it’s a one-bedroom apartment or a single-family home, you can find something in Astoria that will match your affordability. 

One thing to keep in mind is the home prices. The home value in Queens is around $620,000 as of October 2023.* 

*Data issued from OLR

You are closer to air travel than ever 

Queens is the home base for LaGuardia and John F. Kennedy International Airport. If you are looking to hop on a domestic flight, LaGuardia has plenty of them (as does JFK). However, if you are a bit of the world traveler type, Kennedy is the go-to option.

You might even consider traveling to Newark if you think you can get a good deal on flights departing from there. Otherwise, you won’t be far from a jet that you can take off in. From your front door, you can go just about anywhere in Astoria. 

Summary

Astoria may be one of the most popular neighborhoods in Queens and for good reason. With its close proximity to Manhattan and diverse culture, you’d be hard-pressed to find a neighborhood that you can be proud to live in. 

Do you want to buy an apartment in Astoria? It’s easy – just contact a real estate agent who can be able to help. Contact us today and we’ll be able to find you a place that you can call home for years to come. 

Don’t miss your chance to live in one of the best neighborhoods in New York City.  

Contact Us

Why should you buy an apartment in DUMBO?

DUMBO is a very popular and blossoming neighborhood in Brooklyn, and that means that the price of living there has gone up over the years. This guide will teach you everything you need to know if you want to buy an apartment in DUMBO. 

DUMBO has become one of the most popular parts of Brooklyn but it still remains a hidden treasure for many. In fact, many people in New York don’t even know where this region of town got its name from. 

The truth is that DUMBO stands for “Down Under the Manhattan Bridge Overpass.” The idea of living near one of the most popular and busy bridges in the country might not sound appealing to some, but it’s actually one of the best neighborhoods in town. That is why finding an apartment for sale in DUMBO or the act of buying a condo in DUMBO or buying a co-op in Dumbo is harder than ever for some.  

Once a best-kept secret, DUMBO has become more and more popular, especially over the last few years during the COVID-19 pandemic. But DUMBO isn’t the cheapest part of town, and demand for nearly any apartment, townhouse, or penthouse in the area has skyrocketed seemingly overnight. Therefore, you need to know what you’re getting into when you start house-hunting in this region. There are many things to keep in mind and look out for, which is true when you’re attempting to make a home in any part of Brooklyn. 

Let’s have a deeper look at all that DUMBO has to offer and why should you buy an apartment in DUMBO. It might have a somewhat silly name but there is nothing silly about how great this area is. 

How much does it cost to live in DUMBO? 

DUMBO was becoming increasingly more popular a few years ago but its popularity exploded during the COVID pandemic.  

That demand for this specific location has meant that the price of living has also gone up. The more people look to move to DUMBO, the more they are charged. It now costs more to live in DUMBO than it ever has before. 

According to UrbanDigs, the median sales price market-wide in DUMBO in August 2023 was $1.59M. Supply also showed a 22% decline compared to last year. The median rent for an apartment with one bedroom is about $5,150 a month. If you are looking for a two-bedroom place in DUMBO, you should expect to spend at least $6,800 a month. 

As you can see, the price of getting your foot in the door of DUMBO isn’t cheap. But that’s because there is just so much that makes this region great.  

Why buy in DUMBO? 

Living in DUMBO comes with many rewards. Firstly, you are sure to find a location that is both modern and vintage at the same time. It will be convenient, refurbished, and very trendy too. But there is more than just that that makes DUMBO a part of the city that you should pay attention to and invest your money in. 

Dining 

You will have no shortage of places to eat good meals and wet your whistle when you move to DUMBO. The River Cafe, for example, is high-end and stunning and has provided great dishes for more than 40 years. Ample Hills Creamery is not only a wonderful spot to enjoy some yummy treats but is also a museum too. And no self-respecting New Yorker can go long without a delicious slice of pizza like the type you can get at Juliana’s. 

One of the best things about the eateries in DUMBO is that they come with amazing views. Most of the restaurants in the area are just walking distance from the stunning, historic Brooklyn Bridge. 

Culture 

Like in all parts of Brooklyn, you will have great tastes of local culture when you move to DUMBO. The location has been blossoming lately with wonderful places for open mic nights, concerts, book readings, and so much more.  

In fact, there are a plethora of things to do in DUMBO and you will always have something fun and exciting on your schedule after moving to this part of town. And one of the best things about DUMBO is that most everything is within walking distance of wherever you are living. And when you are walking from one place to another, you will surely stumble upon countless other businesses and places that you want to visit soon.  

Shopping 

Since DUMBO is one of the hippest parts of town, there are a lot of great, small, fun, and unique shops that will keep you busy and happy. From the more high-end to the more quirky and fun, like Natchie, Glam Expressway, and more.  

No matter where you shop in DUMBO, you can be sure that you’ll be offered the latest and greatest in fashion and accessories. Additionally, if you are looking for businesses that are more well-known and familiar to you, you will also be in luck because DUMBO has a bunch of companies and brands that everyone loves as well.

Summary

DUMBO is now one of the most exciting and sought-after areas of Brooklyn. With that demand comes a high cost, which is all the more reason you should be sure that you’re getting the apartment, condo, or co-op of your dreams. You can do that by calling upon our team at BARNES New York if your dream is to buy an apartment in DUMBO. We have the experience, the expertise, and the skill to find you a home that feels unique and tailor-made for you.  

Contact Us

In the Media – What type of housing do you find in New York? by BARNES

Recognized as one of the most dynamic cities in the world, New York attracts with the diversity of its neighborhoods and its multicultural dimension. For those who want to invest in New York, whether to buy a property to live there or to rent it out, it is important to know that there are several types of property: condominiums and co-ops are the most common, but not only! Discover what type of housing you can find in New York in BARNES’ article for the French American Chamber of Commerce.

Read the article

In the Media – 2023 Real Estate Opportunities by BARNES

The New York real estate market is one of the most dynamic and exciting markets in the world. It is characterized by its uniqueness and its capacity to overcome all crises that come in its way. In this article, Yann Rousseau, Managing Partner of BARNES New York, draws up a report of 2022 and presents opportunities for 2023. Discover BARNES’ article for the French American Chamber of Commerce.

Read the article

“Invest in New York” conferences in Europe

In May, BARNES New York was pleased to host conferences in Europe on real estate investment in New York. These conferences “Invest in New York” in Bordeaux, Brussels and London were a great success.

Yann Rousseau, Managing Partner of BARNES New York, and Myriam Benhamou, Associate Real Estate Broker, presented the New York real estate market, the acquisition and financing process, and the current opportunities for new developments in one of the most attractive cities in the United States. The conferences were followed by a cocktail reception.

Conference in Bordeaux on May 25th, 2023 (Hôtel de Sèze, 23 Allées de Tourny, 33000 Bordeaux)
Conference in Brussels on May 30th, 2023 (“The Merode”, Place Poelaert 6, 1000 Brussels)
Conference in London on May 31st, 2023 (BARNES International London, 113-115 Old Brompton Road, South Kensington, London SW7 3LE)

Events that made a splash

The conferences were followed by question/answer sessions and cocktails that allowed all participants to interact on the New York real estate market in a laid-back and chic atmosphere.

“Invest in New York” conferences in Brazil

BARNES New York and Ricardo Lowndes Dale hold two conferences on real estate investment on March 20th in Rio de Janeiro and March 22nd in São Paulo. The events were followed by a happy-hour cocktail and met  with a lot of success.

Yann Rousseau (Managing Partner of BARNES New York, Westchester & Connecticut) and Adrien Gouirand (Consultant at BARNES New York) spoke in Rio de Janeiro and Sao Paulo to present the New York real estate market and its opportunities, new developments projects as well as an introduction to the buying process in the US and how to invest abroad.

The main topics discussed during the conferences were:

  • The right time to buy
  • The state of the real estate market in New York
  • The buying and financing process in the United States
  • The opportunities in new developments

What is the current state of the real estate market in New York?

Despite the US recession, we do not expect prices for existing properties in New York to decrease. However, the real estate market might experience a slight drop in supply and demand. Currently, the euro is recovering against the dollar and new constructions increasingly stand as very good buying opportunities for both resale and rental.

What are the most popular types of property?

New York consists of various neighborhoods that are very different from each other, whether in Manhattan or Brooklyn, but among them, neighborhoods such as TriBeCa, the Upper East Side, Midtown and Soho are very attractive. As for Brooklyn, the districts of Dumbo, Caroll Garens, Gowanus or Cobble Hill are very popular.

In addition, new developments are becoming the new trend, because they offer many advantages in terms of finishes, equipment, tax exemption and rental/resale potential. This type of modern, new property is becoming the new target of many buyers. Many clients also seek a family-friendly aspect in a home with more space, which is why multifamily buildings are also highly sought after by families or investors alike. Finally, do not neglect the pre-war buildings, which are also in great demand for their charm and their reduced costs.

A friendly event that caused a sensation

Following the conferences, a short questions and answers session took place, followed by a happy hour cocktail between all the guests to network and learn more about the New York real estate market in a relaxed and chic atmosphere.

“Invest in New York” conferences in France

On January 24 & 26, BARNES New York was pleased to host conferences in France on real estate investment in New York, followed by a cocktail. These conferences “Invest in New York” in Paris and Lyon were a great success.

Yann Rousseau, Managing Partner of BARNES New York, Westchester & Connecticut, and Adrien Gouirand, BARNES New York consultant, lead the discussion in Paris and Lyon in order to present the New York real estate market and its opportunities. The following agenda was discussed :

  •     How is the New York real estate market?
  •     Why is it the right time to buy?
  •     What are the opportunities in new developments (and property tax exemptions)?
  •     What is the buying and financing process in the United States?

The New York real estate market

The New York real estate market is witnessing a decline in supply and demand. Despite the U.S. recession, we do not expect a decline in prices for existing properties. On the other hand, the euro is recovering and new constructions represents very good buying opportunities for both resale and rental.

The most sought-after properties

Although more expensive, new developments have many advantages in terms of finishes, amenities, tax exemptions and rental/resale potential. Pre-war buildings are also in high demand for their charm and lower costs. Finally, multifamily buildings are also highly sought after by families or investors looking to rent several apartments.

The most popular neighborhoods in Manhattan are Tribeca, the Upper East Side, Midtown and Soho. As for Brooklyn, the neighborhoods of Dumbo, Caroll Garens, Gowanus or Cobble Hill are very popular.

Events that made a splash

The conferences were followed by question/answer sessions and cocktails that allowed all participants to interact on the New York real estate market in a laid-back and chic atmosphere.

Video realized by Enzo CANNATI

Photos by Radu CASUNEANU

What is the real estate market like in the Hamptons?

Like most residential areas outside of big cities, the Hamptons have seen a tremendous influx of home buyers and residences since the beginning of the COVID-19 pandemic. People want to live outside the city more than ever while still remaining somewhat close, and the housing market reflects that.

Like most of the world, the Hamptons has a competitive housing market where buyers enter bidding wars against other buyers to land the house. Because of that, areas of the Hamptons that have been harder to sell in have suddenly become a buyer’s destination. And with some revitalizations of shopping districts and nearby downtowns, those areas have become even more desirable.

About How Many Residences Are on the Market Today?

At the time of writing, over a thousand homes were for sale or rent in the Hamptons, with listing prices ranging from approximately $400,000 on the more inland properties up to $78,000,000 for the oceanfront properties. When considered over the entire year, rental prices start at around $14,000 annually and go up from there.

The listings, as described above, are located throughout the Hamptons, from the westernmost stretch (Westhampton, Westhampton Beach, and Eastport) to the eastern tip (East Hampton, Amagansett, and Montauk).

Where is the best place to live in the Hamptons?

Of course, this leans a little on personal preference: do you like oceanfront properties more than wooded inland ones? Or do you prefer properties closer to restaurants, shops, and museums? But, with that being said, and with so many real estate options in the Hamptons, there is something that will fit within your ideals.

What is the upside to Westhampton?

Of the Hamptons, Westhampton is the closest neighborhood to New York City. By car, it is just under 1 hour and 30 minutes to Midtown Manhattan, making it the ideal location for those who would like to commute to the city frequently. Because of this, Westhampton has seen some upswing in the amount of purchases lately.

Couple that with a revitalized downtown, its proximity to the water, and it’s clear that Westhampton will continue its upward trajectory.

What is the upside to East Hampton?

Montauk

Farther away from New York City is East Hampton, a quieter area in the Hamptons. For reference, by car, it is just under a 2-hour drive from Manhattan (near Central Park). It has a thriving downtown with plenty of charm and accommodations and is perfect for those wanting to experience New York without all of the crowds and business of the big city. It also has incredible views, plenty of parks with hiking trails, and long, scenic beaches.

Of course, with such features and accommodations, East Hampton real estate has seen an uptick in buyers lately and can be competitive.

How competitive is real estate in the Hamptons?

According to the Hamptons Real Estate Report by Hedges, the Hamptons real estate market has declined in terms of the number of sold listings. However, the amount of each sale had increased over the previous year, meaning that even though fewer properties were sold, the amount they sold for was higher.

The reason for the increase in sale prices can be pinpointed to two reasons. The first reason being that it costs construction companies more money to build properties due to the uptick in labor and material costs throughout the world.

The other reason also relates to construction. Again, because of the cost to build (and the material shortage), companies just can’t build new properties as frequently as they had before. And for that reason, there are fewer properties for potential buyers. That means for those that are on the market, the lack of properties make it ultra-competitive, and potential buyers often have to enter bidding wars against other buyers.

Any recommendations for property buying in the Hamptons?

Beautiful brown mansion with a driveway and a fountain.

There are many property and real estate opportunities in the Hamptons despite the decline in the number of sold listings—almost every village, town, and hamlet within the Hamptons has property for sale. It then becomes a matter of where you want to live; or where you can afford to live. For those looking to spend upwards of 10 million dollars, the oceanside properties of East Hampton, Amagansett, or Montauk would be of interest.

Those hoping to spend less than 10 million dollars but still desire an oceanside property should look to Westhampton, Westhampton Beach, Eastport, or the areas around those villages. And for those not wanting to spend a million dollars, looking at the villages and hamlets more inland would lead to desirable options.

What does the future of real estate in the Hamptons look like?

Because of the pandemic, the Hamptons has seen an influx of buyers gobbling up their real estate supply at record rates. Rates which, largely due to material shortages, construction companies and contractors haven’t been able to keep up with. As a result, not only had the Hamptons seen a decrease in the number of sales, but it had also experienced a decrease in supply.

However, with many companies leaning more on remote workers than ever before, several agencies and real estate heads are predicting a more stable and ‘normal’ market for the Hamptons in the future. To check out all the finest luxury listings available, alongside expert advice and guidance, be sure to contact BARNES New York.

“Real Estate Investing in the USA” – Conference with BARNES New York & Miami in France

On June 2nd 2022, BARNES New York and Miami had the pleasure to host a conference on real estate investment in the US at the Riviera Golf Barbossi on the French Riviera, in the south of France. Partnering with French magazine Valeurs Actuelles, it was a unique occasion to present the brand on an exceptional site with lush green scenery and a collection of contemporary sculptures scattered throughout the course.

Yann Rousseau, BARNES New York director along with Enzo Rosani, director of BARNES Miami, introduced the current state, strengths and opportunities of their respective markets and shared their insights on the best ways to invest in real estate in the US for 2022. The unique advantages of the BARNES network were also presented, with its wide range of custom-made solutions and extra services, such as yachting, private aviation, Art Advisory, … The successful event was followed by cocktails on the Club House terrace while watching the breathtaking sunset.

Pictures ©Domaine de Barbossi 
WhatsApp
en_USEnglish
fr_FRFrench pt_BRPortuguese es_ESSpanish ru_RURussian elGreek it_ITItalian he_ILHebrew en_USEnglish
Cookie Consent with Real Cookie Banner