Bay Ridge, Bay Ridge Real Estate, Brooklyn, Brooklyn Apartments, Brooklyn Condos, Brooklyn CoOps, Brooklyn Properties, Brooklyn Real Estate, Brooklyn Rentals, Real Estate

Neighborhood Spotlight: Bay Ridge, Brooklyn’s Gold Coast

Ah! Brooklyn… With its glorious tapestry of people, neighborhoods, and geography, we’ve long been proud to call it our home. But like any vibrant, active community, our borough is quickly growing and changing.brownstones2

If Brooklyn were an independent city, it would be the 4th most populous in the United States.  Only the 5 NYC boroughs combined, Los Angeles, and Chicago have more people. Geography is of course a factor, the proximity to Manhattan is a major attraction. However, Brooklyn has grown into its own distinct cultural mecca. The borough offers a variety of musical, artistic, and gourmet experiences that are as diverse as its neighborhoods. There are also acres of parks and miles of shoreline to explore.

It’s really no surprise that more and more people want to live in Brooklyn, and with that desire, the effects of supply and demand become more deeply felt. According to a recent Business Insider article by Melia Robinson, “[…] as real estate prices in trendier neighborhoods continue to climb, more and more city slickers are taking a second glance at the ‘original Gold Coast,’ as locals call the area. With phenomenal public schools, copious outdoor spaces, restaurant row, and affordable housing, Bay Ridge has alot to offer.”

Originally developed as an oceanfront resort area for the wealthy, Bay Ridge is an extremely scenic neighborhood. The neighborhood offers breathtaking water and Verrazano Bridge views as well acres and acres of green space, playgrounds, skate parks, and the stunning 4.5 mile Shore Promenade. Bay Ridge is an eclectic mix of mansions, limestones, rental, co-op, and condo buildings. From a real estate perspective, Bay Ridge has it all and the market has taken note.

In the first quarter of 2014, more 2-bedroom homes were sold in Bay Ridgethan any other part of the borough. According to Robinson’s Business Insider article, “Both the median home sale price and median monthly rent are up 14% year over year, and rents are up 30% over two years.” Yet even with the price climb, Bay Ridge offers more space and bang for the buck then trendier neighborhoods like Williamsburg and Park Slope whose median sales of $1.4 million and $1.35 million respectively, make Bay Ridge’s median sale price of $656,000 look like a humble steal.

As more and more people become privy to this bargain and choose to leave behind pricier neighborhoods, the face of Bay Ridge is slowly starting to change. As with all Brooklyn neighborhoods that are seeing an influx of outsiders, locals are grumbling that the gentrification is destroying the community. The jury is still out on the “destruction,” but the community is certainly changing as higher priced businesses that offer ‘artisinal’ and ‘locally sourced’ buzzword items sprout up on Bay Ridge thoroughfares. In recent years, artisanal sausage and craft beer bar Lock Yard and the organic wine bar Owl’s Head saw their openings marred by protesters. However, old and new locals alike are keeping new local businesses such as these packed and flourishing.

HAlicea
Haydee Alicea, Lic. Real Estate Salesperson and Bay Ridge Expert

Awaye Realty salesperson Haydee Alicea is a neighborhood expert who has sold millions of dollars worth of real estate in Bay Ridge and feels that “more people are choosing Bayridge over many other neighborhoods in Brooklyn because of its calm, slow-paced feel and the tree-lined blocks, water views off of the Shore Road area, and the parks. The sales and rentals of apartments and houses have grown over the last couple of years and the prices have increased as well. People that want to stay away from the hustle and bustle of Manhattan or Downtown Brooklyn opt for the Bay Ridge area for tranquility and calm. The multitude of nightlife and dining options doesn’t hurt, either.”

If this trend continues, prices will climb fast. If you are considering buying or selling property in Bay Ridge, now is the time! For more information, call 718.488.0800 and speak to a neighborhood expert today.

To read Robinson’s Business Insider article, go to http://www.businessinsider.com/young-people-moving-to-bay-ridge-brooklyn-2014-6?op=1

Brooklyn, Brooklyn Apartments, Brooklyn Condos, Brooklyn CoOps, Brooklyn Properties, Brooklyn Real Estate, Brooklyn Rentals, Carroll Gardens, Cobble Hill, Mortgage Rates, Real Estate

Cheers to 10 Years!

Invitation
Cheers to 10 Years!

It’s been a while since our last entry, and it’s because we’ve been extremely busy. Now that we are officially in our eleventh year, we’ve finally taken a moment to sit back and celebrate!

Pierluigi Giachi of Tenuta Torciano
Pierluigi Giachi of Tenuta Torciano

President of Awaye Realty, Arlene Waye , organized a fete that would not soon be forgotten.

Arlene’s good friend and owner of the Tenuta Torciano Vineyards of Tuscany, Pierluigi Giachi, offered us an intimate wine tasting. Under his expert guidance, we sampled over a dozen wines. As the wine flowed, we indulged in decadent antipasti, fragrant truffle oils, and well-aged balsamics. Arlene’s husband Jim personally prepared lasagna for over eighty people!

Arlene Waye and James Snook
Arlene Waye and James Snook

Happy and full, we agreed that in a competitive industry such as real estate, we are fortunate to work with such enthusiastic, professional, and above all, warm colleagues. It was an amazing experience and we are already looking forward to our 15th Anniversary in 2018.

In other news, yesterday we rolled out the first phase of our new and improved website. We are proud to have a much more intuitive site that is now an even better resource for our customers. The new awayerealty.com offers THOUSANDS of Brooklyn, Manhattan, Bronx, Queens, and Staten Island listings… all in one place. Visitors can now browse not only Awaye Realty’s exclusive real estate sales, commercial, and rental listings, but also every listing provided by our fellow members of the Real Estate Board of New York (REBNY), Brooklyn Multiple Listing Service (BNYMLS), and Staten Island Board of Realtors (SIBOR).

Aside from everything that is available in the New York City real estate market, awayerealty.com offers a wealth of information about the intricacies of buying and selling your home or any other type of real estate, Brooklyn neighborhood biographies, definitions of common real estate terms, and much more. We invite you to browse around!wse not only Awaye Realty’s exclusive real estate sales, commercial, and rental listings, but also every listing provided by our fellow members of the Real Estate Board of New York (REBNY), Brooklyn Multiple Listing Service (BNYMLS), and Staten Island Board of Realtors (SIBOR).

We will keep you informed about Phase 2, but we anticipate going live with that sometime in April. Clients will be able to more seamlessly browse listings as well as create their very own accounts and personal folder of listings that interest them. We expect that the new awayerealty.com will deliver a smooth and valuable real estate experience for our visitors.

As always, we are busy matching our customers with their dream homes. As the weather gets warmer, the real estate market tends to heat up. There’s a lot of excitement in the air at our 522A Court Street office.

Many of you will soon be receiving out spring promotional postcard in the mail. If not please call us at 718.488.0800 to learn about our limited time 4% fee for full service marketing and representation of your real estate property.

The Awaye Realty family thanks you for your patronage. Without all of you, where would we be?

The Awaye Realty Team
The Awaye Realty Team