Shocking Report: Williamsburg Is An Expensive Place To Live

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Once upon a time, a magical place called Williamsburg existed where people could live on a working-class wage. Over the years, Williamsburg grew more and more popular, until eventually all the artists, musicians and Puerto Ricans got pushed out by people who could afford to buy $712,015 condo. Yes, you read that right. A $712,015 condo, and that number is only going up.

The average price of condos in Williamsburg and Greenpoint has jumped dramatically in the past year, to an average price of $712,015, which is $44,000 more expensive than the last quarter, and $89,000 more expensive than the first quarter. If real estate figures give you a headache, allow us to simplify: The Edge, and lots of it. So much for the Great North Brooklyn Condo Bust of '09!

The figures aren't much of a surprise to anyone who's walked near the Williamsburg waterfront lately—hello, Duane Reade, Taavo Somer-designed restaurants, and sleek new construction—but it is a surprise to see just how much some people are willing to pay to live in the GQ-sanctioned "Coolest City On The Planet."

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By Jamie Feldmar in News on October 24, 2011 5:12 PM

Comments [rss]

johnnieutah

Meh, those punters can have the waterfront. When the area around the projects starts getting gentrified, I'm going to have to leave, though.

BotanistPrime

Def already happening. I looked at 2 BR shithole above a fried chicken place on the Montrose stop that was $1900

birdtird

i find it very hard to believe that there's a shit hole vacant up above a fried chicken place off the montrose stop;]

Sarah Pappalardo

it's happening, one IHOP at a time.

birdtird

More strollers pleease! Its not park slopey enough over here yet yo.

Detex

Park Slope makes me want to kill myself! NO MORE babies in bars, PLEASE!

Miles Bader

Hmm, why not? Well as long as the baby sticks to milk...

[Seriously, even though bars are generally adult places, the U.S. is the only place I've lived where kids often seem to be banned completely (I dunno, maybe that ol' puritan culture at work again). I think it's kinda nice when someone can bring their family along for a celebration if they want to...]

Eggcream

I think of Williamsburg as clown colony. Maybe that's just my Manhattanite arrogance but when you I see what surfaces from the L Train...

luke_1

You realize this article is about the clown colony from lower manhattan moving to our clown colony? Your clowns are just far more generic :(

Eggcream

It's true. The clowns in Manhattan are attracted by the somewhat lower prices for food and shelter, and the chance to become part of something. Not sure what that is, though.

Tim F.

English speak not so good yes?

Eggcream

No, butthead, the clowns are all white people. I wish your cave would flood.

Tim F.

What in gods name are you babbling about? You have a scary obsession with clowns. Did Ronald McDonald diddle you as a child?

Nick Semmora

Fantastic!

nicholas de Rosa

sorry cool or not you are a f'ing moron if you pay $700g's plus to live in Willamsburg. L train sucks, no really groccery stores, and some of themost over hyped restaurants that are retreads from the LES.

Detex

indeed. for that price there are still places available in Manhattan.

pendejito

HA! Where, please show me.

And please note, Inwood, though technically Manhattan, doesn't count.

Anywhere below 96th will do. Please expand.