Do you remember how in the legendary TV series "Sex and the City" Miranda made up her mind to trade her Manhattan apartment for a house in Brooklyn? The episode was called "To Brooklyn, to Brooklyn!" Then the main characters were horrified that their friend would have to live in this area.
However, Brooklyn is an astonishing part of New York, located on Long Island, 200 kilometers long. The houses here do not grow up, but outward, so Brooklyn resembles a cozy American town for a slow-paced life with kids and pets.
Hunting for a fantasy crib in Brooklyn is a staggering and rewarding experience for customers of all surroundings and habits. Brooklyn is aware of how to get you mesmerized. It is a burg filled with life, color, and vibe, evident in almost every neighborhood and district of the city.
While finding your perfect apartment can be time-consuming, you can make everything easier by understanding your budget, neighborhood, and the key instructions to buying spanking accommodation in Brooklyn. This article is a phased guide on how to get your dream apartment without extra hassle.
Keep an eye on your Budget
How much are you willing to spend on your perfect abode? In Brooklyn, the median sale price for residences across the entire market, comprising resales and new construction, as of July 2024 is about $980,000, according to the estimates of Barnes International Agency.
It should be added that you have to work a lot to afford a condo in Brooklyn. Every single person is very purposeful, and to stand out, you have to put in a lot of effort. That's why 50-60 hours a week is considered the norm for a working week. Consider the distances as well and add your route times to your schedule.
Location is Prime
We believe Brooklyn is a privileged neighborhood to put down roots. Apartments are several times cheaper than in Manhattan, the same goes for prices in shops and restaurants, plus there are a huge number of attractions in Brooklyn: Brighton Beach, the Brooklyn Museum, Prospect Park, the Brooklyn Botanic Garden, and much more.
A useful tip: you have to evaluate how far it will take you to Manhattan from your home and whether it is easy to get to the places you are keen on.
For instance, the home units around Brooklyn Park are in high demand. Mesmerizing, calm, and interesting - all these descriptions are about the place where you can rollerblade and ride bicycles, eat oysters in season, enjoy impressive views, and savor the most delicious ice cream in New York. You can also go out to the embankment, catch a water taxi, wait for a ferry, and go on a boat trip along the East River. Get off on the opposite side and find yourself in Manhattan.
As soon as you make up your mind to relocate around the US, the next step is to select your prime moving company. For instance, if you are in search of Boston to NYC movers, the company offers a reliable moving service and a no-deposit policy for every customer.
Brooklyn Apartments: Co-ops vs. Condominiums
Choosing between a co-op and a condominium in Brooklyn can be a daunting task, as both types of premises have their for and against.
What is a co-op? A co-op is defined as a type of housing where you buy not a specific apartment, but rather actions in a cooperative that grant the right to live in one of the home units. As a rule, shareholders have a stake in the co-op and participate in making decisions about the management of the building.
Monthly fees go to cover common expenses, such as repairs, maintenance, and property taxes. It is also worth noting that co-ops have strict rules regarding noise, pets, and rent.
As for a condominium, it is a type of real estate that is becoming increasingly popular in Brooklyn. Unlike a cooperative, you become the full owner of the apartment from the moment of striking a deal. This gives you several perks described below:
- Not only is the apartment in your hands, but also a share of the common areas in the building, such as hallways, elevators, the roof, and so on.
- You can freely dispose of your apartment: live in it, rent it out, or sell it.
- Unlike cooperatives, which often have strict rules about living, condominiums have more flexible rules.
- Condominium prices in Brooklyn tend to skyrocket, which turns them into a profitable investment.
Conclusions
To sum it up, Brooklyn offers a dynamic lifestyle that suits an extensive range of preferences, making it an increasingly approved choice for newcomers. Whether you're looking for quality schools, exciting entertainment, or a robust sense of community, Brooklyn has it all offering a vibrant life experience.
