Williamsburg – affectionately known as Billyburg – is to many renters the most exciting neighborhood, not just in Brooklyn, but in all of New York City. Tenants are attracted by Williamsburg’s rich, progressive culture, which includes fashion, music, shopping, fine dining, and incomparable real estate.
Williamsburg is in northwest Brooklyn. The famous Williamsburgh Bank Tower, rising 37 stories, makes the neighborhood quickly identifiable from a long distance. The Burg’s boundaries are the East River on the west, Greenpoint on the north, Newtown Creek and Queens on the east and Bedford-Stuyvesant on the south. This great central location is served by a dozen bus lines, the Williamsburg Bridge, and the G, J, M, and Z trains. In a most fortunate development for Burg residents, the dreaded suspension of L train service was canceled by the state in early 2019. With such excellent transportation, some say Williamsburg is closer to Manhattan than some parts of Manhattan, and the trendy restaurants, galleries, and other cultural resources even attract Manhattanites to cross the river! Two of the Burg’s most famous assets are Peter Luger’s Steakhouse, a world-renowned restaurant since 1887, and Brooklyn Bowl, the world’s only environmentally certified bowling alley, where non-bowlers can dance and drink the night away.
A Little of Historical Twist
Williamsburg has a rich and unique history as a distinct part of the city. In 1792, an investor named Woodhull created a subdivision called Williamsburgh, accessible by ferry, aimed at Manhattanites seeking the suburban life. It grew into a fashionable resort that attracted famous New York families such as the Vanderbilts, Whitneys, and Fisks. In the 1850s, Williamsburg (minus the “h”), became part of the City of Brooklyn. The area also became industrialized, housing facilities for such well-known firms as Pfizer, Rockefeller’s Standard Oil, CorningWare, Domino Sugar, Schaefer Beer and many more. By the 1960s, Williamsburg supported nearly 100,000 manufacturing jobs. Little did the industrialists know that factories of the 19th and 20th centuries would become fabulous, spacious luxury housing of the new millennium!
The first pioneers to discover “Billyburg” were artists attracted to spacious, light-filled, post-industrial lofts. Soon, the infrastructure to serve these new residents, like stores and restaurants, followed. The neighborhood which was once a well-kept secret, with cheap apartments and convenient transportation, became a desirable hot spot. A veritable real estate boom began. Former factories were converted to luxury condos and apartments, and new residential high-rises began going up all over. In response to this development, the city made infrastructure upgrades, approved zoning changes for parks, and increased housing.
Today, Williamsburg has become so desirable as a residential destination that many apartments there are even more expensive than Manhattan – making Manhattan appear to be the bargain! According to real estate experts, the average sale price for apartments is just under $1 million, and one-bedroom rentals range from $1800 to $4000 a month.
Brokers who specialize in super-luxury Manhattan apartments are increasingly receiving requests to look at Williamsburg inventory. Notable buildings there include 420 Kent, the Domino at 325 Kent, 1 North, 4 Place, and Level.
In the last 20 years, Williamsburg has been arguably the most dynamic neighborhood in New York City. Hundreds of new businesses have cropped up, residential conversions and constructions have come on the scene, and the controversial L train project has gone. With all this activity, it is difficult for newcomers to find the hidden gems that still exist in this coveted neighborhood.
Array Property Group agents are experienced experts who have cultivated deep knowledge and a sincere love for Williamsburg. We welcome calls from anyone who would like to learn about and share Williamsburg real estate with us.