Rentals in Bushwick>Question Details

Preservation…, Renter in Bushwick, Brooklyn, NY

Bushwick is historically a low income area but these rents don't reflect that. What has changed?

Asked by Preservation11, Bushwick, Brooklyn, NY Wed Mar 2, 2011

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white people are moving in aka gentrification
0 votes Thank Flag Link Tue May 8, 2012
EXACTLY RIGHT
AND NOW THE RENT GOING UP WE HAVE NEVER SEEN 2,000 RENT IN BUSHWICK
Flag Thu May 31, 2012
Deat Renter,

As my associate has stated its simply that as the demand increases so do the prices. The prices in Williamsburg which is next door to Buswick are also driving the Bushwick market up. As pointed out its a short trip to Manhattan and still less expensive .
0 votes Thank Flag Link Sat Mar 5, 2011
Well, It is true. What is happening is that Manhattan it is over populated and expensive. Buschwick in the other hand is located close to Manhattan, has a good transportation, and still cheaper compared to Manhattan. So people are moving to the closest places.
0 votes Thank Flag Link Wed Mar 2, 2011
Dear Renter:

It is not that anything has changed. The amount an apartment can rent for is subject to economic conditions and the laws of supply and demand. If the demand for rentals is high, the rental amount in turn goes up. Right now many parts of Bushwick are in high demand.

In the end, the amount you would be willing to pay for rent should be determined by your budget and your desire to live in a certain area. Good luck!!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Wed Mar 2, 2011
How far back do you want to go in history? Bushwick was originally one of the six towns that joined to become Brooklyn in 1896 and later was known as the capital of Brooklyn's brewing industry; many of the mansions erected by the owners of these plants still stand along Bushwick Avenue. If you are referring to more recent history, then, yes Bushwick fell on hard times (especially after the blackout of 1977).

As you've seen, however, it has been rediscovered, due initially to people priced out of Williamsburg, but now valued for its easy access to Manhattan via the JZ and L trains. Fashionable restaurants are springing up; one, Arancina, was even featured in today's NY Times.

I'm afraid Bushwick's days of bargain rent may be over. I've heard of people moving just east, to Ridgewood, or else to northern parts of Bed-Stuy; I would also check out Crown Heights, near the 3/4 trains, or Flatbush along the 2/5 or Q/B lines.

Good luck!
0 votes Thank Flag Link Wed Mar 2, 2011
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