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NEIGHBORHOOD PRICE TRENDS

TM

T H E B R O O K LY N R E N TA L M A R K E T R E P O R T
FEBRUARY 2012
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TA B L E O F C O N T E N T S

Introduction A Quick Look Mean Brooklyn Renta l Pr ices Brooklyn Pr ice Trends Neighbor hood Pr ice Trends Bay Ridge Bedford- S tuyvesant Boer um Hi ll Brooklyn Heights Bushwick Cli nton Hi ll Cobble Hi ll Crown Heights Dumbo For t Greene Greenpoint Par k Slope Prospect-Leffer ts Gardens Wi lliamsburg The Repor t Explained

3 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

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INTRODUCTION

MNS is proud to present the February 2012 monthly installment of the Brooklyn Rental Market Report, which will provide insight to the current state of the residential rental market, and provide clearer, more concise data than ever before available for the Brooklyn real estate market. The data provided has been specifically compiled for you; the renter, investor, developer, landlord, property manager etc., to provide you with a better understanding of the Brooklyn housing market. The data is indicative of the types of apartments available in varying neighborhoods. Our goal is to use technology to provide you with transparency into a market that has been so difficult to navigate until now. In the future as our data continues to grow, the monthly Brooklyn Rental Market Report will be even more comprehensive providing further insight with greater reporting capabilities on the state of the market, and to create the ability for all property owners to better gauge their own pricing based on a clearer view of their neighbors. As MNS continues to grow, we aim to make the Brooklyn Rental Market Report, the only true and accurate report you will ever need.

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M A N H A TQA NCP R I C E T R E N D S A T UI K LOOK

Fickle February: Any correlation with real estate and the weather? Well, if there is, this month proves it. With limited days of temperatures below freezing, why should we expect the rents to drop much either? Overall, rents are down 0.39%. Year-over-year shows a 2% decrease in studio rents, but a 7% and 10% increase in rents for one-bedrooms and two-bedrooms respectively. Spot Light on - Clinton Hill: Compared to last month, this neighborhood had a 2.3% overall decrease in rents from last month, averaging -$48 across all unit types. A great neighborhood with trendy new hot spots, close to Pratt, Clinton Hill is a great alternative to pricier Fort Greene. Studio Price breaks: Studios on average in the borough have finally come down 2% since last year, and are now below $1700/month on average. Bay Ridge and Bed-Stuy still have the least expensive studios under $1,100.

G reat est C ha ng es Si nce Ja nua r y :

Studios Bed-Stuy Down 7.4% ($81) One-bedrooms Bed-Stuy Up 5.1% ($71) Twobedrooms Boerum Hill Down 5.2% ($182)

Year-ov er-yea r Cha ng es:

Brooklyn Rents: Feb '11 vs Feb '12 Feb '11 Feb '12 1,686 2,294 2,950 Change -2.0% 7.5% 10.2%

Studios One-Bedrooms Two-Bedrooms

1,721 2,134 2,678

Not able Trend s:

Buildings (Average Prices) Most Expensive Least Expensive Bed Stuy $1,019 Bay Ridge $1,303 Bay Ridge $1,725

Studios One-Bedrooms Two-Bedrooms

DUMBO $2,624 DUMBO $3,503 DUMBO $4,964

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M E A N B R O O K LY N R E N T A L P R I C E S

FEbrUAry 2012 MEAn brooklyn rEnTAl PrICES

3,500

3,000

2,500

2,000

1,500

1,000
Studio 1,686 One-bedroom 2,294 Two-bedroom 2,950

FEbrUAry 2012 MEAn STUDIo rEnTAl PrICES

3,200

2,400

1,600

800

0
Bay Ridge BedfordStuyvesant Boerum Hill Brooklyn Heights Bushwick Clinton Hill Cobble Hill Crown Heights DUMBO Fort Greene Greenpoint Park Slope Prospect Lefferts Gardens Williamsburg

1,075

1,019

1,850

1,896

1,250

1,598

1,850

1,480

2,624

1,763

1,808

1,690

1,300

2,397

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M E A N A T T AO KP R I C R ETN T A LD P R I C E S M A N H B R O N LY N E R E N S

FEbrUAry 2012 MEAn onE-bEDrooM rEnTAl PrICES

4,000

3,000

2,000

1,000

0
Bay Ridge BedfordStuyvesant Boerum Hill Brooklyn Heights Bushwick Clinton Hill Cobble Hill Crown Heights DUMBO Fort Greene Greenpoint Park Slope Prospect Lefferts Gardens Williamsburg

1,303

1,452

2,783

2,957

1,671

2,358

2,700

1,702

3,503

2,564

2,337

2,297

1,600

2,889

FEbrUAry 2012 MEAn TWo-bEDrooM rEnTAl PrICES

6,000

4,500

3,000

1,500

0
Bay Ridge BedfordStuyvesant Boerum Hill Brooklyn Heights Bushwick Clinton Hill Cobble Hill Crown Heights DUMBO Fort Greene Greenpoint Park Slope Prospect Lefferts Gardens Williamsburg

1,725

1,999

3,308

4,492

1,759

3,030

3,387

2,056

4,964

2,994

2,685

2,950

2,138

3,816

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B R O O K LY N P R I C E T R E N D S
brooklyn STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,820 1,740 1,660 1,580 1,500

Feb 1,714 Mar 1,714 Apr 1,670

May 1,616

Jun 1,660

Jul 1,702

Aug 1,677

Sep 1,739

Oct 1,723

Nov 1,717

Dec 1,706

Jan 1,698

Feb 1,686

2,350 2,250 2,150 2,050 1,950

Feb 2,134 Mar 2,138

brooklyn onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,147

May 2,173

Jun 2,183

Jul 2,205

Aug 2,272

Sep 2,239

Oct 2,299

Nov 2,310

Dec 2,308

Jan 2,300

Feb 2,294

3,100 2,980 2,860 2,740 2,620 2,500

Feb 2,678 Mar 2,686

brooklyn TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,731

May 2,756

Jun 2,749

Jul 2,738

Aug 2,758

Sep 2,835

Oct 2,893

Nov 2,895

Dec 2,951

Jan 2,975

Feb 2,950

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NEIGHBORHOOD PRICE TRENDS

M A N H A TB A N R IR I G E T R E N D S T AY P D C
bAy rIDGE STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,370 1,290 1,210 1,130 1,050

Feb 1,200 Mar 1,218 Apr 1,320

May 1,183

Jun 1,175

Jul 1,276

Aug 1,200

Sep 1,208

Oct 1,139

Nov 1,100

Dec 1,120

Jan 1,100

Feb 1,075

1,470 1,390 1,310 1,230 1,150

Feb 1,396 Mar 1,387

bAy rIDGE onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 1,384

May 1,322

Jun 1,369

Jul 1,430

Aug 1,331

Sep 1,355

Sep 1,321

Nov 1,312

Dec 1,265

Jan 1,275

Feb 1,303

1,880 1,760 1,640 1,520 1,400

Feb 1,461 Mar 1,472

bAy rIDGE TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 1,542

May 1,562

Jun 1,678

Jul 1,794

Aug 1,775

Sep 1,600

Oct 1,638

Nov 1,700

Dec 1,759

Jan 1,725

Feb 1,725

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NEIGHBORHOOD PRICE TRENDS

BEDFORD-STUYVESANT
bEDForD-STUyVESAnT STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,620 1,440 1,260 1,080 900

Feb 1,409 Mar 1,436

Apr 1,380

May 1,258

Jun 1,333

Jul 1,263

Aug 1,167

Sep 1,134

Oct 1,100

Nov 1,060

Dec 1,100

Jan 1,100

Feb 1,019

1,540

bEDForD-STUyVESAnT onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

1,460

1,380

1,300
Feb 1,434 Mar 1,467 Apr 1,409 May 1,428 Jun 1,419 Jul 1,440 Aug 1,429 Sep 1,362 Oct 1,413 Nov 1,473 Dec 1,407 Jan 1,381 Feb 1,452

2,200 2,050 1,900 1,750 1,600 1,450

Feb 1,704 Mar 1,717

bEDForD-STUyVESAnT TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 1,666

May 1,630

Jun 1,697

Jul 1,770

Aug 1,805

Sep 1,911

Oct 1,941

Nov 1,870

Dec 1,894

Jan 2,078

Feb 1,999

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NEIGHBORHOOD PRICE TRENDS

N EA G H B OTR O OR UD C E IITC E N D E N D S M I N A T B H E P R M PH LR T R S AN O I R L
boErUM HIll STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,900 1,800 1,700 1,600 1,500

Feb 1,804 Mar 1,753 Apr 1,624

May 1,510

Jun 1,600

Jul 1,713

Aug 1,880

Sep 1,750

Oct 1,714

Nov 1,783

Dec 1,750

Jan 1,765

Feb 1,850

3,000 2,750 2,500 2,250 2,000

boErUM HIll onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Feb 2,400

Mar 2,431

Apr 2,265

May 2,481

Jun 2,674

Jul 2,621

Aug 2,725

Sep 2,817

Oct 2,848

Nov 2,866

Dec 2,800

Jan 2,750

Feb 2,783

3,800 3,600 3,400 3,200 3,000

Feb 3,067 Mar 3,102

boErUM HIll TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 3,259

May 3,467

Jun 3,413

Jul 3,234

Aug 3,500

Sep 3,530

Oct 3,677

Nov 3,557

Dec 3,450

Jan 3,490

Feb 3,308

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NEIGHBORHOOD PRICE TRENDS

B R O O K LY N H E I G H T S
brooklyn HEIGHTS STUDIo PrICE TrEnDS oVEr 13 MonTHS

2,100 2,000 1,900 1,800 1,700

Feb 1,909 Mar 1,988

Apr 1,917

May 1,959

Jun 1,887

Jul 1,805

Aug 1,898

Sep 1,915

Oct 1,937

Nov 1,980

Dec 1,900

Jan 1,800

Feb 1,896

3,280 3,060 2,840 2,620 2,400

Feb 2,639 Mar 2,609

brooklyn HEIGHTS onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,754

May 2,927

Jun 2,887

Jul 2,871

Aug 2,950

Sep 2,900

Oct 3,167

Nov 3,087

Dec 2,935

Jan 2,954

Feb 2,957

4,700 4,400 4,100 3,800 3,500

Feb 3,947 Mar 3,961

brooklyn HEIGHTS TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 4,074

May 4,502

Jun 4,344

Jul 4,155

Aug 4,283

Sep 4,000

Oct 4,186

Nov 4,228

Dec 4,390

Jan 4,442

Feb 4,492

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NEIGHBORHOOD PRICE TRENDS

M A N H AT TA N S H W I C K R E N D S BU PRICE T
bUSHWICk STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,580 1,460 1,340 1,220 1,100

Feb 1,455 Mar 1,484 Apr 1,350

May 1,211

Jun 1,320

Jul 1,312

Aug 1,300

Sep 1,333

Oct 1,390

Nov 1,473

Dec 1,400

Jan 1,300

Feb 1,250

1,700 1,600 1,500 1,400 1,300

Feb 1,468 Mar 1,493

bUSHWICk onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 1,597

May 1,594

Jun 1,442

Jul 1,333

Aug 1,375

Sep 1,450

Oct 1,548

Nov 1,598

Dec 1,650

Jan 1,661

Feb 1,671

1,820 1,740 1,660 1,580 1,500

Feb 1,738 Mar 1,784

bUSHWICk TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 1,683

May 1,578

Jun 1,547

Jul 1,647

Aug 1,575

Sep 1,638

Oct 1,737

Nov 1,725

Dec 1,797

Jan 1,709

Feb 1,759

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NEIGHBORHOOD PRICE TRENDS

CLINTON HILL
ClInTon HIll STUDIo PrICE TrEnDS oVEr 13 MonTHS

2,100 1,900 1,700 1,500 1,300

Feb 1,759 Mar 1,706 Apr 1,750

May 1,696

Jun 1,729

Jul 1,788

Aug 1,800

Sep 1,882

Oct 1,662

Nov 1,650

Dec 1,695

Jan 1,668

Feb 1,598

2,500 2,350 2,200 2,050 1,900

Feb 1,964 Mar 1,973

ClInTon HIll onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,054

May 2,140

Jun 2,326

Jul 2,199

Aug 2,382

Sep 2,427

Oct 2,355

Nov 2,336

Dec 2,390

Jan 2,391

Feb 2,358

3,200 2,900 2,600 2,300 2,000

Feb 2,052 Mar 2,031

ClInTon HIll TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,192

May 2,422

Jun 2,559

Jul 2,582

Aug 2,864

Sep 2,990

Oct 2,981

Nov 2,903

Dec 3,029

Jan 3,072

Feb 3,030

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NEIGHBORHOOD PRICE TRENDS

M A N H A T TC O BP R IEC H I T R E N D S AN BL E LL
CobblE HIll STUDIo PrICE TrEnDS oVEr 13 MonTHS

2,050 1,950 1,850 1,750 1,650

Feb 1,950

Mar 1,932

Apr 1,823

May 1,690

Jun 1,753

Jul 1,839

Aug 1,750

Sep 1,775

Oct 1,850

Nov 1,973

Dec 1,840

Jan 1,900

Feb 1,850

3,000 2,750 2,500 2,250 2,000

Feb 2,430 Mar 2,406

CobblE HIll onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,399

May 2,653

Jun 2,477

Jul 2,464

Aug 2,900

Sep 2,550

Oct 2,667

Nov 2,766

Dec 2,650

Jan 2,700

Feb 2,700

3,600 3,400 3,200 3,000 2,800 2,600

Feb 3,188 Mar 3,192

CobblE HIll TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 3,029

May 2,906

Jun 2,835

Jul 3,009

Aug 3,175

Sep 3,150

Oct 3,208

Nov 3,279

Dec 3,329

Jan 3,375

Feb 3,387

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NEIGHBORHOOD PRICE TRENDS

CROWN HEIGHTS
CroWn HEIGHTS STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,600 1,480 1,360 1,240 1,120 1,000

Feb 1,020 Mar 1,011

Apr 1,041

May 1,112

Jun 1,146

Jul 1,250

Aug 1,243

Sep 1,250

Oct 1,310

Nov 1,400

Dec 1,400

Jan 1,434

Feb 1,480

1,850 1,730 1,610 1,490 1,370 1,250

Feb 1,348 Mar 1,365

CroWn HEIGHTS onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 1,377

May 1,466

Jun 1,460

Jul 1,524

Aug 1,400

Sep 1,526

Oct 1,552

Nov 1,692

Dec 1,756

Jan 1,657

Feb 1,702

CroWn HEIGHTS TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

2,200 2,060 1,920 1,780 1,640 1,500

Feb 1,713

Mar 1,726

Apr 1,805

May 1,868

Jun 1,904

Jul 1,897

Aug 1,947

Sep 1,897

Oct 1,989

Nov 1,929

Dec 1,983

Jan 2,020

Feb 2,056

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NEIGHBORHOOD PRICE TRENDS

M A N H AT TA N P R I B O T R E N D S DUMCE
DUMbo STUDIo PrICE TrEnDS oVEr 13 MonTHS

3,000 2,750 2,500 2,250 2,000

Feb 2,250 Mar 2,267 Apr 2,169

May 2,390

Jun 2,463

Jul 2,625

Aug 2,800

Sep 2,724

Oct 2,725

Nov 2,650

Dec 2,592

Jan 2,637

Feb 2,624

4,000 3,800 3,600 3,400 3,200

Feb 3,501 Mar 3,554

DUMbo onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 3,511

May 3,539

Jun 3,525

Jul 3,682

Aug 3,802

Sep 3,610

Oct 3,572

Nov 3,407

Dec 3,530

Jan 3,584

Feb 3,503

5,600 5,300 5,000 4,700 4,400

Feb 5,050 Mar 5,021

DUMbo TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 5,355

May 5,068

Jun 5,065

Jul 4,890

Aug 5,114

Sep 4,895

Oct 4,770

Nov 4,806

Dec 4,910

Jan 4,952

Feb 4,964

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NEIGHBORHOOD PRICE TRENDS

FORT GREENE
ForT GrEEnE STUDIo PrICE TrEnDS oVEr 13 MonTHS

2,050 1,950 1,850 1,750 1,650

Feb 1,962 Mar 1,978 Apr 1,900

May 1,703

Jun 1,731

Jul 1,789

Aug 1,981

Sep 1,976

Oct 1,891

Nov 1,822

Dec 1,856

Jan 1,773

Feb 1,763

2,750 2,600 2,450 2,300 2,150 2,000

Feb 2,427 Mar 2,453

ForT GrEEnE onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,419

May 2,263

Jun 2,286

Jul 2,295

Aug 2,155

Sep 2,290

Oct 2,395

Nov 2,507

Dec 2,520

Jan 2,597

Feb 2,564

3,800 3,500 3,200 2,900 2,600

ForT GrEEnE TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Feb 3,512

Mar 3,524

Apr 3,331

May 3,062

Jun 2,828

Jul 3,056

Aug 2,608

Sep 3,108

Oct 3,158

Nov 3,061

Dec 3,092

Jan 3,022

Feb 2,994

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NEIGHBORHOOD PRICE TRENDS

M A N H A T TG R E E N IP O I N R E N D S AN PR CE T T
GrEEnPoInT STUDIo PrICE TrEnDS oVEr 13 MonTHS

2,400 2,200 2,000 1,800 1,600

Feb 1,900 Mar 1,889 Apr 1,790

May 1,617

Jun 1,779

Jul 1,833

Aug 2,191

Sep 1,950

Oct 1,927

Nov 1,961

Dec 1,850

Jan 1,793

Feb 1,808

2,400 2,300 2,200 2,100 2,000

Feb 2,119 Mar 2,107

GrEEnPoInT onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,168

May 2,022

Jun 2,139

Jul 2,305

Aug 2,155

Sep 2,100

Oct 2,288

Nov 2,267

Dec 2,294

Jan 2,332

Feb 2,337

2,900 2,700 2,500 2,300 2,100

Feb 2,298 Mar 2,302

GrEEnPoInT TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,408

May 2,502

Jun 2,771

Jul 2,485

Aug 2,608

Sep 2,667

Oct 2,700

Nov 2,747

Dec 2,790

Jan 2,758

Feb 2,685

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NEIGHBORHOOD PRICE TRENDS

PA R K S L O P E
PArk SloPE STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,900 1,700 1,500 1,300 1,100

Feb 1,438 Mar 1,407 Apr 1,495

May 1,526

Jun 1,503

Jul 1,657

Aug 1,750

Sep 1,656

Oct 1,663

Nov 1,650

Dec 1,713

Jan 1,684

Feb 1,690

2,600 2,420 2,240 2,060 1,880 1,700

Feb 2,050 Mar 2,021

PArk SloPE onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,130

May 2,171

Jun 2,009

Jul 2,214

Aug 2,225

Sep 2,200

Oct 2,298

Nov 2,369

Dec 2,394

Jan 2,360

Feb 2,297

3,100 2,900 2,700 2,500 2,300

Feb 2,356 Mar 2,322

PArk SloPE TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,461

May 2,556

Jun 2,470

Jul 2,646

Aug 2,875

Sep 2,750

Oct 2,803

Nov 2,960

Dec 3,013

Jan 3,037

Feb 2,950

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NEIGHBORHOOD PRICE TRENDS

MR O S P ETC A-N EP R IEC E ST R EA R D E N S P ANHA TT L FF RT G NDS

ProSPECT-lEFFErTS GArDEnS STUDIo PrICE TrEnDS oVEr 13 MonTHS

1,700 1,600 1,500 1,400 1,300 1,200

Feb 1,623 Mar 1,634

Apr 1,525

May 1,454

Jun 1,598

Jul 1,471

Aug 1,480

Sep 1,425

Oct 1,400

Nov 1,349

Dec 1,350

Jan 1,318

Feb 1,300

1,980 1,860 1,740 1,620 1,500

Feb 1,857

ProSPECT-lEFFErTS GArDEnS onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Mar 1,869

Apr 1,774

May 1,579

Jun 1,709

Jul 1,614

Aug 1,850

Sep 1,843

Oct 1,750

Nov 1,666

Dec 1,675

Jan 1,600

Feb 1,600

2,400 2,250 2,100 1,950 1,800

Feb 2,257

ProSPECT-lEFFErTS GArDEnS TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Mar 2,278

Apr 2,134

May 2,057

Jun 2,170

Jul 1,974

Aug 1,975

Sep 2,100

Oct 2,160

Nov 2,100

Dec 2,183

Jan 2,100

Feb 2,138

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NEIGHBORHOOD PRICE TRENDS

WILLIAMSBURG
WIllIAMSbUrG STUDIo PrICE TrEnDS oVEr 13 MonTHS

2,460

2,340

2,220

2,100
Feb 2,317 Mar 2,289 Apr 2,297 May 2,309 Jun 2,225 Jul 2,201 Aug 2,394 Sep 2,375 Oct 2,409 Nov 2,364 Dec 2,324 Jan 2,398 Feb 2,397

3,100 2,950 2,800 2,650 2,500

Feb 2,846 Mar 2,793

WIllIAMSbUrG onE-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 2,811

May 2,839

Jun 2,841

Jul 2,875

Aug 2,871

Sep 2,909

Oct 3,009

Nov 2,989

Dec 3,038

Jan 2,960

Feb 2,889

3,900 3,720 3,540 3,360 3,180 3,000

Feb 3,153 Mar 3,167

WIllIAMSbUrG TWo-bEDrooM PrICE TrEnDS oVEr 13 MonTHS

Apr 3,289

May 3,402

Jun 3,203

Jul 3,186

Aug 3,425

Sep 3,450

Oct 3,559

Nov 3,661

Dec 3,694

Jan 3,776

Feb 3,816

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M A N H E TRTE PN P R I E X P T R E N DD T A A ORT CE LAI E S

The Brooklyn Rental Market Report is the only report that compares fluctuation in the citys rental data on a monthly basis. It is an essential tool for potential renters seeking transparency in the NYC apartment market and a benchmark for landlords to efficiently and fairly adjust individual property rents in Brooklyn. The Brooklyn Rental Market Report is based on a cross-section of data from available listings and priced under $10,000, with ultra-luxury property omitted to obtain a true monthly rental average. Our data is aggregated from the MNS proprietary database and sampled from a specific mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus). Author: MNS MNS has been helping Brooklyn landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.

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note: All market data is collected and compiled by MNSs marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice. If you would like to republish this report on the web, please be sure to source it as the Brooklyn Rental Market Report with a link back to its original location (http://www.mns.com/brooklyn_rental_market_report).

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