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Thirty apartment units are sprouting up in Williamsburg, offering low-income individuals and households a chance to live in financially sustainable housing in the ultra-expensive neighborhood with one-, two-, and three-bedroom units ranging from $532 to $1,182 per month. As a part of NYC Housing Connect, the units will determine the applicants' rent by their household size and annual household earnings. So an individual making anywhere between $20,490 and $27,640 annually, could walk away with an one bedroom unit for...
A lot of people dream of living in New York City. But fewer—at least at first—dream of living here alone. That's not what drives people here, and it is likely assumed that doing so is unaffordable. Elsewhere in the country, a median income of $28,000 affords you a place of your own, but here things are different. A depressing schematic last week told us that no fewer than 39,960 dollars annually were required to even think...
Recently, we’ve been told that the cost of buying homes and renting ground floor retail space in Brooklyn is prohibitively expensive. Which, you might say, doesn’t sound like news. There are a couple things nobody ever moved to New York City to do, and one of them is save money. But now, if you’re a single person who has remained baby-free and doesn't mind the words “Park Slope” we have some news of interest for...
Although we regularly decry the rentpocalypse and its steady encroachment upon New York neighborhoods far and wide, one rapidly gentrifying Brooklyn community has seen its average rents decrease over the last year. Bushwick might be home to newly constructed luxury buildings like 1209 Dekalb and upmarket condo-dwellings situated on the border of East New York, but the average rent in the neighborhood has dropped 16 percent in the last year, as per a report compiled by real estate...

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