Is Harlem Still the Cheapest Neighborhood?
According to a report conducted by The Real Estate Group of New York (TREGNY), yes it is. See stats from NYO article below:
Average June rents for non-doorman studios were below $2,000 on the Upper East Side ($1,831),
the Upper West Side ($1,968), Harlem ($1,287), and Midtown West ($1,984).
Overall, Harlem remained the cheapest place to rent in June, with average prices ranging from $1,287 for non-doorman studios to $2,636 for full-service, two-bedroom apartments. (That’s around $300 less than the average studio rents in Tribeca and Soho on the opposite end of the price spectrum.) But after declining steadily since February, Harlem doorman rents started to go up this month.
The Real Estate Group’s report tracks neighborhoods south of Washington Heights.
Sadly, rents continued to climb where the cool kids live in June (with a few exceptions).
Ed. Note: For the record, I take offense to that last line.
Related: So A Real Estate Agent and A Snake Oil Salesman…. [NYCtheBlog] :: Gothamist
Stumble It!
east harlem is still the cheapest place to live in manhattan.