Property prices for rent in Brooklyn (New York)
The rent prices in real estate in Brooklyn, in the New York region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Brooklyn has had a strong fall during the last 6 months. In October, the average price per sq.feet was $5.5. In the following month the price per sq.feet fell considerably to $4.64. The price for the following two months in (December, January) fell 93 % with regard to the previous two months. The price per sq.feet has fallen 90 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4.9 to $4.41 during February, and March.
When referring to the price in Brooklyn (cities), this has fallen in the last 6 months. The average price for October is $4,832. During November the price had a slight fall till $4,194. In the following two months the average price has hardly changed with regard to the previous two months from $4,513 to $4,499.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $4,506.25 and $4,371.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $4,641 they are 13 % more affordable than the average price for Brooklyn . The properties with the highest average price have 4 bedrooms, Their price is 84 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,824.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $4.04 / sq.feet, with an average $4.81 / sq.feet price in Brooklyn. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.63 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of $4,641 it is 43 % more affordable than the average price in Brooklyn. "House" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Apartment". At a price of $5,121 it is 61 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.8 / sq.feet followed by "Townhouse" priced at $4.23 / sq.feet. "Commercial" is the most expensive type of property with a $118 / sq.feet value followed by "Land" with an average price of $7 / sq.feet.
