Friday, August 21, 2015

Roosevelt Island Median Monthly Rents On The Rise According To Zumper NYC Neighborhood Analysis - $3,000 For 1 Bedroom, 3940 For 2 Bedroom

From the Roosevelt Island Twitterverse:

Real Estate web site Zumper reports:
This summer, New York City remained the second most expensive rental market in the country as the median price for a one bedroom remained steady at $3,100, while two bedrooms commanded $3,600. Despite a flat quarter, rent prices in the city have increased 3.3% and 2.9% for one and two beds in the past year, respectively....
Image From Zumper

Roosevelt Island is not pictured in the Zumper map above - somehow missing in the East River.

But, according to the Zumper Top 60 NYC Neighborhood Median Rent Chart, Roosevelt Island moved up 12 spots to number 28 with a median rent for 1 bedroom apartment of $3,000 and $3,940 for a 2 bedroom apartment.
Image From Zumper

Here's the full Zumper Top 60 NYC Neighborhood Median Rental Map.

Time Out NY adds:
... When it comes to New York neighborhoods, the areas that saw the highest rent increases this year were buzzy nabes Greenpoint and Gowanus, both with an average price of $2,600 and on-the-rise Roosevelt Island, where one-bedrooms now cost an average of $3,000 a month. Apparently, "Freedom From Rehabilitating Rent" is not one of the ones included in Four Freedoms Park...
Is this a NYC rental bubble? If yes, when will it burst?