Apartment rents are at historical highs, making now the time to purchase your first home.
Statistics show that the New York rental market is so strong that, after a
down payment, the monthly mortgage for a new condominium can be
less than the current monthly rent you would pay as a tenant.
*In Dumbo, specifically, inventory is always limited. Based on last quarter's statistics, average rents in Dumbo are the following:
1 BR $4,306
2 BR $6,137
3 BR $12,183