North Brooklyn tops the borough in Airbnb revenue

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

TRD New York /
Oct.October 18, 2014 03:00 PM

Mayor 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

Related Articles

From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

A West Village Airbnb listing (Credit: Airbnb)

Airbnb Luxe launched without listings in one of their biggest potential markets — why?

RedSky Capital's Benjamin Bernstein and 247 Bedford Avenue (Credit:  ICSC and Apple)

Williamsburg whiz kids facing major markdown on $1B retail portfolio

227 Grand Street in Williamsburg and Michael Lichtenstein of Heritage Equity Partners (Credit: Google Maps, Heritage Equity Partners)

It’s bankruptcy time for Michael Lichtenstein LLC in Williamsburg

93 North 9th Street in Williamsburg, Thor Equities' Joe Sitt, and a KAWS statue (Credit: Google Maps and Jim Bowen via Flickr)

Acclaimed artist KAWS pays $17M to expand Williamsburg studio

166 Berry Street in Brooklyn and Wharton Properties’ Jeff Sutton (Credit: Google Maps)

Jeff Sutton pays record price in Williamsburg: brokers

A rendering of  280 Meeker Avenue CW Realty Management CEO Cheskie Weisz (CW Realty Management)

CW Realty to bring mixed-use project to troubled Williamsburg site