{"id":6044,"date":"2011-08-22T10:44:51","date_gmt":"2011-08-22T14:44:51","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=6044"},"modified":"2011-08-22T10:44:51","modified_gmt":"2011-08-22T14:44:51","slug":"more-manhattanites-buy-brooklyn-condos-what-about-the-other-way-around","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/08\/22\/more-manhattanites-buy-brooklyn-condos-what-about-the-other-way-around\/","title":{"rendered":"“More Manhattanites Buy Brooklyn Condos” – What About the Other Way Around?"},"content":{"rendered":"

We recently released a study, first covered by Brownstoner<\/a>, which revealed that Brooklyn condos are becoming increasingly appealing for Manhattan buyers, especially those priced at $1 million and above. The number of buyers of Brooklyn condos in the $1 million plus range coming from Manhattan increased by 53% in 2011 compared to 2010.\u00a0 But what about the number of Brooklynites moving to Manhattan? Is this number even higher?<\/p>\n

\"\"<\/a>

<\/p><\/div>\n

The answer is no – there are about 5 times more people from Manhattan buying Brooklyn condos than the other way around. Brooklyn buyers accounted for only 2% of the condo purchasers in 2011 in Manhattan above the $500,000 price range, and 1.4% in the $1M+ range. There were much more people from Long Island (Suffolk & Nassau Counties) – 4.1% – than from Brooklyn\u00a0 who bought condos in Manhattan.<\/p>\n

Leaving Brooklyn aside, it comes at no surprise that the bulk of Manhattan condos (67%) are bought by Manhattanites; about 8% are coming from the New York State (other than the five boroughs), 6% from New Jersey and 3% from California. This holds true (with small differences) for pretty much all price categories analyzed: $500,000+, $750,000+, and $1,000,000+.<\/p>\n","protected":false},"excerpt":{"rendered":"

We recently released a study, first covered by Brownstoner, which revealed that Brooklyn condos are becoming increasingly appealing for Manhattan buyers, especially those priced at $1 million and above. <\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[349,89],"tags":[445,116],"class_list":["post-6044","post","type-post","status-publish","format-standard","hentry","category-brooklyn-real-estate","category-manhattan-real-estate","tag-brooklyn-condos","tag-manhattan-condos"],"yoast_head":"\n"More Manhattanites Buy Brooklyn Condos" - What About the Other Way Around? - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/08\/22\/more-manhattanites-buy-brooklyn-condos-what-about-the-other-way-around\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""More Manhattanites Buy Brooklyn Condos" - What About the Other Way Around?\" \/>\n<meta property=\"og:description\" content=\"We recently released a study, first covered by Brownstoner, which revealed that Brooklyn condos are becoming increasingly appealing for Manhattan buyers, especially those priced at $1 million and above.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2011\/08\/22\/more-manhattanites-buy-brooklyn-condos-what-about-the-other-way-around\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-22T14:44:51+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2011\/08\/20-Pine-Street.jpg\" \/>\n<meta name=\"author\" content=\"PropertyShark Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PropertyShark Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\"More Manhattanites Buy Brooklyn Condos\" - What About the Other Way Around? 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