Battle of Boroughs: Brooklyn vs Manhattan
Any newcomer is likely to ask which borough is the best to live in. Two places always come out on top of everyone's lists: Manhattan and Brooklyn.
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There is a good reason why. Both can give you a sense of what it feels like to be a true-blue New Yorker.
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While the difference in median real estate prices and lease rates are narrow, deciding between Manhattan and Brooklyn can feel like a doozy.?
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But it shouldn't be. Choosing one over the other isn't rocket science so long as you are clear with your goals and lifestyle needs.?
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Let me fill you in on a few tips:
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Feel the vibe
What are the high points of living in either Manhattan or Brooklyn? One serves as a commercial center where the headquarters of the world's largest corporations and financial institutions are based, while the other has nurtured a long history as a cultural and creative hub. But the differences don't end there.?
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Manhattan offers shorter commute times while Brooklyn neighborhoods offer greater walkability. Then again, you will find neighborhoods in one borough that give the same vibe and atmosphere as the other.?
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Lower Manhattan’s West Village, for instance, has always been a top destination for creatives outside of Brooklyn. In any case, consider the kind of lifestyle you want to lead and pick a neighborhood from either borough that appeals to your tastes.
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Check your budget?
If you have decided to live in NYC for good, it pays to know if you can afford to settle there. According to Realtor.com, the median listing home price in Manhattan is $1.4 million while Brooklyn’s median price is slightly lower at $875,000.?
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At any rate, expect to pay more than the national average to rent an apartment or buy a home in either borough. The good news is that you can find deals that can fit any budget simply by looking for affordable neighborhoods.?
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In Manhattan, there’s Washington Heights and Harlem. If you prefer living in Brooklyn, you can check out places like Sunset Park and East Flatbush.?
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Apart from your monthly rent or mortgage payments, you should also check the cost of living in the neighborhood you prefer. Sure enough, housing costs are lower in Brooklyn, but Manhattan is more affordable in terms of utilities, transportation, and healthcare.??
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Your Preferred Type of Building
Both Manhattan and Brooklyn are known for their exquisite architecture, with buildings dating back to the late 18th century.?
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Certain types of buildings dominate each borough, with historical brownstones being more prevalent in Brooklyn. On the other hand, Manhattan is more preferable if you are on the hunt for a townhouse or a luxury condo.?
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If you take a closer look at every neighborhood in both boroughs, you will find that certain types of buildings are more common than others. In any case, it’s best to work closely with a real estate professional who can help you find the best possible deals for the type of property you are looking for.?
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Brooklyn and Manhattan have a lot to offer newcomers, so you don’t need to weigh the differences.?
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What matters is you know the best neighborhood to live in based on your budget, lifestyle, and long-term goals.?
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If you’d like to start your home search this year, let’s connect so we can begin finding the neighborhood and home you’ll love.
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Feel free to call me at?917-627-5677?or send an email to[email protected]. I might know a few apartments or homes in Brooklyn and Manhattan you might like.?
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Talk soon,
Eli?