Brooklyn rents became cheapest in a decade in early 2021: report | Russia pulls back troops after massive buildup near Ukraine border - 10:28 AM 4/23/2021
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Spring means so many different things to people,for some it's spring cleaning, for some it's a time of renewal, for others it's a time to buy some fresh new products.
Lifestyle expert Kathy Buccio is going to show us some new Spring must-haves, which include items from Spark Clear Aligners, Cupcake LightHearted Sauvignon Blanc, Aquaphor Itch Relief Ointment, and opentable.com.
A now-viral video clip showing New Jersey police officers handcuffing a Black teen and confiscating his and others’ bicycles drew angry comments about policing online on Tuesday. The teen was later released and the incident is under review by the mayor and the Middlesex County Prosecutor's Office. Amol Sinha, executive director of the ACLU in New Jersey, spoke out at the time, and joined the PIX11 Morning News on Friday to talk about the incident.
More than 5,000 volunteers in our area help the Red Cross of Greater New York respond to disasters from New York City to Long Island to Rockland County.
Without these friends and neighbors, Red Cross would not be able to aid communities in their hour of need.
As we celebrate National Volunteer Week, we learn more about what they can do and how you can also answer the call.
Mary Barneby, Regional CEO for the American Red Cross in Greater New York and volunteer Doug McNally spoke to PIX11 News about what it takes to be a volunteer and what skills are needed to volunteer.
Brooklyn rents were cheaper than they’ve been in a decade, according to a Friday analysis of the first three months of 2021 by the real estate site StreetEasy.
During the year’s first quarter, median asking rent in the borough was $2,390, the lowest it’s been since 2011, according to the April 23 report.
Prices dropped 10 percent compared to the same period in 2020 — the largest annual decline ever recorded in the borough — and more than one-in-four rental units were offering at least one month free rent, a jump up from 15.2 percent of listings offering a deal like that last year.
The real estate gurus attribute this to the wealth of available apartments as many units remain unoccupied after city-dwellers left Gotham during the pandemic.
The number of available rentals citywide during the first quarter of 2021 was still more than double what it was during that time last year.
Brooklynites looking for a good deal needn’t rush, according to an economist for the site, who said the market will likely take some time to come back to pre-pandemic levels.
“It will take time for prices to rebound. But the rentals market does react to economic activity much more quickly than the sales market,” said Nancy Wu. “As the city continues to recover, competition will slowly start to pick up.”
Meanwhile, Brooklyn’s sales market has been on the up during the first three months of the year, according to a separate report published by the real estate firm Douglas Elliman, which showed home sales and prices rising in the borough during that time.
The borough set a new record average sale price of $1,114,193 during the first quarter, an almost 10 percent increase from the same time last year, according to that report.
Kings County also experienced the highest number of first-quarter transactions in 14 years in 2021, with 2,822 sales, an almost 12 percent bump from the same time last year.
Condos in particular sold well with a 34 percent increase of units hawked compared to the same time last year, while co-op sales increased by 16 percent. One- to three-family home sales declined slightly by 2.2 percent from the beginning of 2020.
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