One-bedroom prices in NYC remaining stagnant, two-bedroom prices ticking up

Most expensive Manhattan neighborhoods are Tribeca and Soho, Zumper report says

New York /
Apr.April 25, 2018 10:20 AM

TriBeCa (Credit: StreetEasy)

The city’s one-bedroom apartments aren’t getting much cheaper, but they aren’t getting much more expensive, either.

A new report from Zumper found that the average prices of one-bedroom apartments have held steady at about $2,900 per month, according to Curbed. Average prices for two-bedroom apartments have ticked up by 1.7 percent to $3,500 per month.

The most expensive neighborhoods for one-bedrooms in Manhattan were Tribeca at $4,000, Soho at $3,800 and Chelsea at $3,700. Soho and Chelsea also saw the largest price increases at 9 and 8 percent, respectively, and Gramercy Park saw the largest price decrease at 7 percent.

Manhattan’s most affordable neighborhoods were Washington Heights, West Harlem, Central Harlem and East Harlem, where average one-bedrooms went for $1,850, $2,150, $2,300 and $2,395, respectively.

In Brooklyn, the most expensive one-bedrooms were in Vinegar Hill at $3,800, Dumbo at $3,700 and Downtown Brooklyn at $3,200, while the cheapest neighborhood for one-bedrooms was Canarsie, with an average monthly price of $1,500. The largest rent drop was in Borough Park, where prices decreased by 14 percent.

In the Bronx, rents in Port Morris grew the most at 21 percent. [Curbed]Eddie Small


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Daniel Heflin of Torchlight and 445 Fifth Avenue. (Google Maps, LinkedIn via Heflin)
Torchlight buys $40M delinquent Fifth Avenue retail loan
Torchlight buys $40M delinquent Fifth Avenue retail loan
REBNY's James Whelan with Sen. Julia Salazar and Sen. Jabari Brisport (Getty, Brisport via Jabari for State Senate, Whelan by Anuja Shakya for The Real Deal)
It’s back: Lawmakers propose ban on broker fees
It’s back: Lawmakers propose ban on broker fees
Wildflower Farms (Auberge Resorts)
Hudson Valley hotel project scores state’s largest clean energy loan
Hudson Valley hotel project scores state’s largest clean energy loan
Exterior and amenities of 85 Jay Street in Dumbo. (Front & York)
Two Brooklyn homes asking $8M go into contract
Two Brooklyn homes asking $8M go into contract
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Jeter sells waterfront Tampa estate for record $23M
Jeter sells waterfront Tampa estate for record $23M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...