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Tag: newyork

Why should you buy an apartment in Midtown Manhattan?

Do you want to buy an apartment in Midtown Manhattan? If you’re thinking about moving to New York City, look no further than Midtown Manhattan. Midtown Manhattan is rich with iconic skyscrapers, world-renowned cultural institutions, exquisite restaurants, and an unbeatable energy that draws millions of visitors every year. It’s no wonder that so many people are interested in buying an apartment in this vibrant part of the best city in the world.

In this article, we’ll explore some of the main reasons why you should consider buying an apartment in Midtown Manhattan. With its cultural diversity, entertainment options, accessibility, and incredible restaurants, you truly can’t go wrong with making Midtown Manhattan your top choice. Whether you’re looking to buy a condo or a co-op in this fascinating part of the city, BARNES New York is here to help you make your decision.

What are the advantages of buying an apartment in Midtown Manhattan?

One of the main advantages when it comes to buy an apartment in Midtown Manhattan is the location itself. Midtown Manhattan is truly the beating heart of New York City. Those who live there have easy access to some of the most famous landmarks, museums, restaurants, and entertainment venues in the world. From the blinking neon lights of Times Square to the peaceful serenity of Central Park, Midtown Manhattan has something to offer everyone.

If you love being where the action is, then Midtown Manhattan is definitely the place for you. Let’s go over some other notable advantages that Midtown Manhattan has to offer.

Investment Potential 

Real estate in Manhattan is always in high demand, so if you’re interested in buying an apartment in this part of the city, you’d better act fast. According to UrbanDigs, as of January 2024, the median sales price was $1.12 million, a 12.5% increase from last year. Should you decide to buy a co-op or condo in Midtown Manhattan, you probably won’t be disappointed.

Accessibility 

Midtown Manhattan is one of the most accessible parts of the city. It has multiple subway lines, buses, and taxis readily available, so you’ll never have any trouble getting to work on time. This also means that you’ll be able to travel around the city on a whim. Whether you’re having a day out on the town to go shopping and explore Rockefeller Center, or you’re just going for a walk in Central Park, living in Midtown Manhattan is sure to satisfy in terms of location and accessibility. 

Cultural Diversity 

If you’re looking for a rich cultural experience, Midtown Manhattan is definitely the place to be. This part of the city is an absolute melting pot of different cultures and ethnicities. You’re sure to meet a vibrant mix of people from all over the world, as well as try delectable foods that you’ve never had the opportunity to try before. The community in Midtown Manhattan is diverse and inclusive, so you will fit right in. 

Entertainment 

Manhattan is frequently referred to as the beating heart of New York City for a reason, especially Midtown Manhattan, known for its plethora of entertainment options. See a Broadway show, or check out some of the unique music venues or comedy clubs Midtown Manhattan has to offer. In Midtown Manhattan, you’ll never be bored or restless when you buy an apartment because there’s always something to do!

Restaurants 

If you’re a foodie, then Midtown Manhattan will be an absolute paradise for you. This part of the city offers a diverse range of fine dining options for those looking to expand their palate and try something new. From upscale restaurants to street vendors, there truly is something for everyone — no matter what your budget and personal taste preferences are. 

Shopping 

Midtown Manhattan is known for its amazing shopping options. Its streets, especially the renowned Fifth Avenue, are bustling with high-end boutiques, department stores, and designer shops all within walking distance from some of the most luxurious apartments on the market. Whether you’re seeking out the latest fashion trends or a unique gift for a loved one, you’ll definitely find what you’re looking for in Midtown Manhattan. 

What is the difference between a Condo and a Co-op? 

When it comes to buying a co-op or condo in Midtown Manhattan, there are some specific differences you’ll want to keep in mind. If you’re interested in buying a condo, you can have more control over your unit and personal living space. You’ll be able to make renovations and changes to your unit without needing approval from a co-op board. Plus, you’ll have the added benefit of being able to rent out your condo if you need to, which can be a great way to generate extra income. 

On the other hand, if you’d rather buy a co-op in Midtown Manhattan, you’ll have access to some especially unique benefits, such as special amenities and a cheaper cost of living. Co-ops often have stricter rules and regulations than condos, but this tends to help maintain a higher level of quality within the building — which can definitely be a plus. A co-op can have a more tight-knit community of residents, which can be a great way to make new friends. 

Summary 

As you can see, there are plenty of reasons why you should consider buying an apartment in Midtown Manhattan. From the unbeatable location to the excellent selection of restaurants and entertainment options available, there are endless advantages to living in this exciting part of the city. If you’re interested in buying an apartment for sale in Midtown Manhattan, make sure to work with a reputable real estate brokerage such as BARNES New York. Contact us today if you’re interested in finding your dream apartment! 

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Why should you buy an apartment in Greenpoint?

Do you want to buy an apartment in Greenpoint? If you are looking for a fun, hip, modern area of Brooklyn to live in, you would be wise to invest your time, energy, and interest in Greenpoint. Over the last few years, Greenpoint has risen through the ranks of Brooklyn neighborhoods and has become one of the hottest parts of town.

It has surely garnered a lot of attention, from people in other parts of New York City and well beyond. But with all of that attention also comes a higher price point because more and more people are circling Greenpoint and attempting to live there. That drives the price of living up and makes it hard to find a place to call your own in this trendy part of town.

If you are thinking about buying a place in Greenpoint, you should keep a few things in mind. You should be well aware of how much money you will be spending, what you will be able to do in Greenpoint, and the sort of fun events and locations that you can visit when you are staying in the region. There are in fact many reasons why you should buy an apartment in Greenpoint. Whether you’re drawn to the vibrant culture, the trendy atmosphere, or the proximity to various amenities, buying an apartment in Greenpoint could be a rewarding investment. Let’s go over them and give you a good idea of what a life in this part of town will be like.

How much does it cost to live in Greenpoint?

One of the things to keep in mind about Greenpoint is that there are many different places for you to live. This part of Brooklyn has plenty of apartments, townhouses, penthouses, and so much more. That gives you a lot of options – but each of them come with particular price points.

The truth is that Greenpoint has become much more expensive over the last several years. As the popularity of this region has grown, the price has also gone up. During Q4 2023, the median price that people paid to buy a residence in Greenpoint was around $1,230,000 million, with an average sold price per square feet of $1,200*. If you’re considering a more long-term investment in the area, it might thus be worthwhile to explore the option to buy an apartment in Greenpoint.

*Data from OLR

It is clear that the price of living in Greenpoint is only growing higher and higher. But it’s important to always remember that you are getting a lot of great locations, events, and businesses in that area. What are some of the things that you should keep in mind when you look into living in this part of Brooklyn?

Why buy an apartment in Greenpoint? 

Some estimates have said that Greenpoint is the third-most expensive neighborhood in Brooklyn currently.

But there are reasons why people are spending so much money to plant their flags in Greenpoint. There is quite a lot to do in this part of town and you are never short of entertaining adventures, restaurants, cafes, and shops to visit and enjoy. Let’s take a deeper dive into some of the great places that you will frequent if you buy an apartment in Greenpoint. 

Dining

When you look for some of the best restaurants in Greenpoint, you will find long and always-expanding blogs about top of the line eateries that will keep you and your friends and family happy for years.  

No matter what you’re looking to eat, Greenpoint has you covered. If you’re looking for fine Italian treats, Archestratus is perfect. If you’re instead wanting a restaurant that tastes great and looks incredible too, Oxomoco is ideal. From Vietnamese Di An Di to old-fashioned pizza at Paulie Gee’s Slice Shop, there is something for everyone in Greenpoint.  

While some of the restaurants and dining experiences might cost you a pretty penny or two, many others are completely affordable and won’t break the bank. There are options for everyone and every price points.

Shopping 

Greenpoint has become one of the hottest and trendiest shopping districts in all of Brooklyn and the greater New York area. 

From bakeries to coffee shops to clothing businesses, Greenpoint has a slew of great options for you, no matter how much you are looking to spend or what you are trying to buy. The sheer versatility of this part of town is just one of the many reasons why people are willing to move to this unique part of Brooklyn. Greenpoint is a very hip part of town and the shopping experiences around here echo that. They are also both very modern and very cool while at times being very favorable on your pocket book too.  

Culture

One of the best things about Greenpoint is that it’s very trendy but also feels old-fashioned. You can see some classic architecture on every corner, as well as some vintage New York style parks too. There are also locations where you can see great live shows and enjoy events that get local residents involved. The culture of this part of town feels vibrant, charming, and authentic at the same time.  

Summary 

It’s obvious why so many people are flocking to live in Greenpoint, which is now one of the coolest and most trend-setting parts of Brooklyn. It says a lot when a region in Brookly is so sought-after since that entire borough is one of the greatest in the city. Greenpoint has some of the best of the best that Brooklyn and New York has to offer, with a high-demand that sometimes makes it hard to find a place to live. If you are serious about moving to this part of town, you should contact us at BARNES New York today. Not only will we find a home that is right for you, we will make the entire process easy! 

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Why should you buy an apartment in Long Island City?

You can’t find a better place to buy an apartment in Long Island City and get a view of Manhattan than living in an apartment in Long Island City. Finding an apartment for sale in Long Island City can give you access to amazing stores, dining, museums, and outdoor features. You’ll never run out of things to do when you live in this area.

When you live in Long Island City, you’ll get the best of the suburbs and the best of big-city fun. This is an excellent place to live in a quiet environment without losing access to enjoyable activities. In addition, there are plenty of work opportunities in and around Long Island City and easy access to Manhattan. 

However, you shouldn’t jump into a Long Island City apartment without learning the basics of this area. Moving is a big deal no matter where you go, and things like the cost of living, atmosphere, and neighborhood can have a huge impact on your lifestyle. Please continue reading to learn the biggest reasons you should get an apartment in Long Island City. 

How much does it cost to live in Long Island City? 

One of the biggest reasons people struggle to move anywhere in New York State is the cost of living. Living on the outskirts of New York City in Long Island City can be an expensive experience compared to other places in the United States, but is a good alternative to living in Manhattan with much higher living cost. However, prices are decreasing in this local apartment and housing market. With this price decrease, there’s no time like the present to make your move to Long Island City. According to OLR*, Median Sales Price in November 2023 were $1,098,000, a 29.75% increase from last year.

*On-Line Residential

When looking to buy an apartment in Long Island City, there are many options. For example, you can choose an apartment that accommodates a family or an individual. People looking for an excellent view should choose an option that’s high up, while others might prefer a ground-floor Long Island City apartment or townhouse.

Why buy in Long Island City? 

Long Island City is a popular spot to live in for several reasons. Whether you buy a condo or a co-op in Long Island City, you can do things to accommodate your choices. In addition, choosing a versatile place to live is a great option for many people. You can enjoy everything from going out in the evening to enjoying a quiet night while living here. You’ll have an easy time getting around the city and going wherever you please, with easy access to many subway lines straight to Manhattan in 10 or 15 minutes. 

Dining 

One of the best parts of moving to a big city is having endless access to all types of food. You can enjoy everything from delicious ramen shops to authentic Mexican cuisine when you live in Long Island City. If you don’t feel like leaving the house, there are endless options for food delivery that you and your family can enjoy. Enhance your daily dining experiences by moving to Long Island City as soon as possible. 

Shopping 

Shopping is a fun activity for multiple people. Whether you consider it a guilty pleasure or a hobby, there are plenty of shopping options when you have Long Island City real estate. You can spend your morning shopping at the farmers market or spend your evening satisfying your inner fashion icon at one of the many boutiques. Are you looking for a leisurely day at the bookstore? There are plenty of options in Long Island City. 

Museums and Culture 

Satisfy the part of yourself that appreciates art by visiting one of the many art museums in Long Island City. The most popular one is the MoMA PS1, where you can enjoy several examples of contemporary art. If you’re more into 3D art, consider visiting The Noguchi Museum in Long Island City to see the best sculptures made by Isamu Noguchi. This sculpture garden is sure to pique your interest. 

Long Island City features a culture of learning for everyone. Visiting these museums is a great way to connect with others and broaden your horizons. Plus, it’s a fun way to kill an afternoon. There are plenty of various cultures in this area, so you’ll fit in comfortably, no matter your lifestyle. 

Enjoy the Outdoors 

The biggest reason people like moving to Long Island City is that you can get a touch of the big city lifestyle while enjoying the outdoors. Getting enough fresh air daily is important for your mental and physical health. Fortunately, you can get this fresh air by visiting Old Westbury Gardens or Planting Fields Arboretum. 

There are several things you can do during your day out. Walking around these gardens will help you relax and get in touch with nature from the comfort of the city. 

Summary 

So, after reading this information living in Long Island City can feel like a dream. Thankfully, you can turn this dream into a reality by searching for an apartment in the area. Our team at BARNES New York would love to help you with this experience. Our real estate agents understand the complexities of the market and can help you find the best deal to buy an apartment in Long Island City that suits your needs. We can also assist you with negotiating great deals for housing and apartments, depending on what you’re looking for. Contact us today to get started.

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Why should you buy an apartment in Chelsea?

If you’ve been looking for a top-notch spot to buy an apartment in New York City, Chelsea is an undeniably excellent choice. This trendy and unique neighborhood is well-known for its stunning art galleries, high-end fashion boutiques, rich culture, and delectable dining options. For these reasons (among others), Chelsea is one of the most sought-after locations for people looking to buy an apartment in Manhattan. 

Whether you’re in the market for a condo or co-op, BARNES New York is here to assist you. Listed below are some of the most compelling reasons why you should consider buying an apartment in Chelsea. It truly is a beautiful neighborhood, and we can guarantee that you won’t regret making the choice to live there! 

What are the benefits of buying an apartment in Chelsea? 

Chelsea is one of the most diverse and exciting neighborhoods in New York City. That much is plain to see! Its thriving art scene and trendy restaurants are just a couple of the reasons why Chelsea attracts people from all walks of life. What makes Chelsea an optimal location for people looking to buy an apartment, you might ask? Check out some of the main benefits of living in Chelsea below. 

Excellent Location  

One of the most notable advantages of buying an apartment in Chelsea is that it’s located in a prime area of the city. Situated on Manhattan’s west side, Chelsea is super close to some of New York City’s most famous landmarks, including the Chelsea Market and the High Line. This particular neighborhood is also well-connected to public transportation, so you’ll have no trouble getting around the city if you reside in this area. 

Vibrant Culture  

Chelsea is home to some of the most extravagant art galleries in the world, including the Gagosian and David Zwirner galleries — so if you’re an art fanatic, this neighborhood would be absolutely perfect for you. Chelsea’s galleries attract art lovers from all over, making this part of the city an absolute hub of creativity and culture. This neighborhood also boasts a vibrant nightlife scene. It boasts numerous bars, clubs, and music venues to suit all tastes, ensuring there’s something for everyone.

Luxury Amenities 

If you’re looking to live in a luxury apartment, Chelsea has plenty of great options to choose from. Chelsea’s apartments offer a blend of old-world charm and modern amenities in beautifully restored pre-war buildings and new developments. These residences often include fitness centers and scenic rooftop terraces, ideal for luxurious living.

Tight-Knit Community 

Chelsea has a strong sense of community, and its residents will often come together for special events and activities. From community gardens to neighborhood cleanups, there are plenty of opportunities for Chelsea residents to get involved and give back. Additionally, many of the co-ops in Chelsea have active boards that foster a sense of community. This ensures well-maintained co-op buildings for those seeking to reside here.

Fabulous Restaurants 

Chelsea is especially known for its diverse culinary scene. Fine dining restaurants in Chelsea — such as Zou Zou’s and the Sea Fire Grill, are known for their elegant ambiance, impeccable service, and sophisticated cuisine. These restaurants use top-quality, often locally sourced ingredients to craft unforgettable, innovative dishes with exquisite flavors and textures.

Excellent Shopping 

Chelsea is an absolute haven for shoppers. The primary Chelsea shopping district, around Fifth Avenue and Madison Avenue, hosts flagship stores for numerous luxury brands. Chelsea Market, a historic indoor market, offers a unique shopping experience with artisanal food stalls and craft shops.

It’s a Great Investment 

Buying an apartment in Chelsea is also quite a smart investment. The neighborhood has seen significant growth and development over the past few years, and many new luxury apartments have been built recently. It’s also worth mentioning that many apartments in Chelsea appreciate in value at an exceptionally quick rate, which means investing in an apartment here could potentially be quite lucrative. The median sales price in October 2023 was $1,663,450 and the price per square foot was about $1,966.*

*Data from UrbanDigs.

Should you buy a Condo or a Co-op in Chelsea? 

There are several key distinctions to bear in mind when purchasing a co-op or condo in Chelsea. The great thing about buying a condo is you’ll have greater control over your apartment and personal living area. You also won’t have to go through the co-op board approval process in order to make repairs and upgrade your apartment. 

That said, if you’d like to own a co-op in Chelsea, there are some definite advantages, such as a lower cost of living. In comparison to condos, co-ops sometimes have stricter rules and restrictions, but this tends to help maintain a greater degree of quality within the building, so it’s definitely worth it. 

Summary 

Chelsea offers a unique and attractive lifestyle that’s hard to find anywhere else in New York City. If you’re looking for a place to call home that offers both urban convenience and a strong sense of community, then Chelsea might just be the perfect neighborhood for you. Take your family to an art gallery or check out some of the shops at Chelsea Market, and see for yourself! If you’d like assistance acquiring an apartment in Chelsea, you shouldn’t hesitate to reach out to BARNES New York. Contact us today for more information! Our team of real estate experts will be happy to answer any questions or concerns you might have. 

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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! 

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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.  

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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.  

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