The Real Deal New York

North Brooklyn tops the borough in Airbnb revenue

The community district brought $39M in short-term rental revenue

October 18, 2014 03:00PM

airbnb-brooklynMayor Bill de Blasio has filed the administration’s first lawsuit against apartments operating as illegal hotels, aka Airbnb rentals. And while it remains unclear how the controversy will play out, on thing is clear: Airbnb hosts in Greenpoint and Williamsburg are cashing in.

Most revenue from private Brooklyn short-term rentals came from “Community Districts” along the Northern Brooklyn waterfront and in the neighborhoods often collectively called “Brownstone Brooklyn,” according to a report cited by Free Williamsburg.

The Williamsburg and Greenpoint Community District had the largest concentration of private short-term rentals in Brooklyn and naturally generated the most revenue — $39 million for hosts (although the length of the review period was unspecified).

But that amount accounts for 40 percent of the boroughwide total cash flow and nearly 10 percent of the citywide total.

Other popular community districts included Downtown Brooklyn and Fort Greene with $14.7 million in revenue; Prospect Heights and Bedford Stuyvesant with $14.4 million in revenue, and Park Slope with $8.67 million in revenue.[Free Williamsburg]Christopher Cameron

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