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Bushwick is Home to Some of the Fastest Rising Rents in NYC

Everyone knows that Bushwick rents are on the rise, but here are some numbers to back it up.

Bushwick is Home to Some of the Fastest Rising Rents in NYC

Bushwick is Home to Some of the Fastest Rising Rents in NYC

Everyone knows that Bushwick rents are on the rise, but here are some numbers to back it up.

Bushwick is Home to Some of the Fastest Rising Rents in NYC
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Met FreshMet Fresh

Kei-Sygh Thomas

@keisyghthomas

Bushwick isn’t the most expensive New York neighborhood, but as a gentrifying Brooklyn neighborhood, it is climbing up the list faster than any other according to a recent article from Bloomberg.

The neighborhood ranks 90th on a list of most expensive neighborhoods in the area, up from 189th in 2008. Bushwick’s median home price was $788,700, “enough to buy a quarter of the typical apartment in SoHo, soared 84 percent since 2008” according to the article.

Nearby Ridgewood, Queens went from 194th to 99th on the list with a median home price of $737,100.

However, this does not necessarily call for despair for renters. The median price for rentals in Bushwick for June was $1,112, a…

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Cover image courtesy of Niv Rozenberg

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