“Queens is the New Brooklyn. The Bronx is the New Queens.”
Oct. 13, 2016 — Manhattan no longer has a monopoly on insane real estate prices.
Do you like your cliches by the bushel? Good. Real estate appraiser Jonathan Miller has a bumper crop for you. In speaking about recent trends in New York City, he tells Metro: “The way to think of this housing boom of the last four years is an outward radial push from Manhattan to brownstone Brooklyn and beyond to other boroughs and suburbs. Brooklyn is no longer seen as the cheaper alternative. It’s Manhattan’s director competitor. It’s its own brand.”
And here’s the best part: “Queens is the new Brooklyn. The Bronx is the new Queens.”
Miller’s remarks were made in response to a new third-quarter 2016 survey of the city’s 50 priciest neighborhoods by Property Shark. It found that the three most expensive neighborhoods were in Manhattan – Tribeca, where the median sale price was $4.4 million, followed by Soho and Noho. Brooklyn’s DUMBO came in fourth. The top Queens neighborhood was #11 Forest Hills Gardens.
Even though it’s the new Queens, no Bronx neighborhood is among the 50 priciest. And Staten Island? Don’t ask.