Ideal Properties Group in the News
11/03/2008 | Source: "The Real Deal"
Who's moving to Downtown Brooklyn?
A report by Ideal Properties Group looked at new renters in Downtown Brooklyn in the third quarter of 2008. The average age of people who moved to Downtown Brooklyn was 29.5 years old, and 52 percent of the new renters were women. The average income was $72,342 a year, and the average rent paid was $2,592. In the report, Downtown Brooklyn is broadly defined...
10/28/2008 | Source: "Brooklyn Daily Eagle"
Space TALK | Ideal Properties Opens Second Brooklyn Office
Despite the current real estate market slowdown, one Brooklyn brokerage — Ideal Properties Group LLC — is expanding and opening a second office location. “In today’s stagnant waters of Brooklyn’s real estate, Ideal Properties Group continues an unprecedented growth, seemingly oblivious to local real estate businesses’ pessimistic predictions, and looming cutbacks,” said Aleksandra Scepanovic, managing director..."
10/17/2008 | Source: "Brooklyn Daily Eagle"
Space TALK | Oblivious to Slowdown, RE Firm Opens Second Bklyn Office
PARK SLOPE — Ideal Properties Group LLC, obviously ignoring the market slowdown, has opened its second office in Brooklyn. The new office, on Park Slope’s Seventh Avenue, just underwent a complete facelift prior to opening on Oct. 1. “In today’s stagnant waters of Brooklyn’s real estate, Ideal Properties Group LLC continues an unprecedented growth, seemingly oblivious to local real estate businesses’ pessimistic predictions and looming cutbacks,” said a company spokesperson. The fairly young real estate company, which provides both residential and commercial services, and services both rental and sales accounts in Downtown Brooklyn, celebrated its one-year anniversary in April. At the time, the firm, based in Gowanus, was home to three agents, now the sales force has swelled to 30..."
10/08/2008 | Source: "Brooklyn Daily Eagle"
More Out-of-Staters Looking to Rent in Downtown Brooklyn Neighborhoods, Report States
DOWNTOWN BROOKLYN — There is continued interest by out-of-staters looking to rent apartments in Downtown Brooklyn neighborhoods, according to a report released this week by Ideal Properties Group. The Brooklyn-based real estate brokerage firm specializing in residential and commercial rentals, reports that with a full 10 percent stronger in numbers in the second quarter of 2008, out-of-state residents are now the second highest source of incoming tenants..."
10/07/2008 | Source: "The Real Deal"
More Brooklyn renters from out of state, report says
"The number of incoming Brooklyn home hunters from outside of New York State increased over previous quarters, according to a third-quarter Downtown Brooklyn report looking at prospective renters. More would-be renters were looking to move to Brooklyn from out of state in the third quarter than in previous quarters, the report from Ideal Properties Group, a small, local residential and commercial firm, found. Twenty-six percent of Brooklyn apartment hunters in the third quarter were from out of state, compared to 20 percent in the second quarter. Of the 26 percent of out-of-state apartment seekers, 23 percent were from New Jersey, 12 percent from Massachusetts, and 12 percent were from California. Forty-two percent of people looking to rent in Brooklyn..."
10/07/2008 | Source: "Curbed"
Brooklyn Renters Are From Jersey
"The number of people renting in Brooklyn who come from other places is increasing, per a report from the Ideal Properties Group. Twenty-six percent of Brooklyn apartment hunters in the third quarter were from out of state. Of those, 23 percent were from New Jersey, 12 percent from Massachusetts and 12 percent were from California..."
10/01/2008 | Source: "Brownstoner"
Streetlevel: New Realty Office on 7th Avenue?
"Brown craft paper covers the windows of the former fabric store on 7th Avenue and Berkeley Place in Park Slope, and a tipster tells us when the paper comes down it will be... a real estate office..."
7/11/2008 | Source: "Park Slope Courier"
"With out-of-state tenant activity on the rise, Brooklynites continue to rent in their borough. Statistical analysis of this quarter's Client Registration Forms (collected by Ideal Properties Group LLC) reveals the geographic profile of residential rental clientele in downtown Brooklyn. Cross-referenced with actual rental information, the data provides a glimpse into the otherwise elusive relationship between apartments looked at and apartments rented..."
6/23/2008 | Source: "Brooklyn Daily Eagle"
"BROOKLYN — Last week, we were able, for the first time, to report some of the data about who are moving into Downtown Brooklyn as renters, thanks to the Ideal Properties Group, a relatively new Brooklyn firm.
The same day, the perky New York Observer reported on some IRS figures that included both renters and buyers who had moved to Brooklyn. According to this report, some 3,700 Manhattanites moved to Brooklyn in 2006 and 2007, the most in any two-year period since this kind of information has been recorded.
The focus of the story was that a lot of folks are crossing the river for reasons other than price. Basic prices for rentals and sales are beginning to reach parity between the two boroughs.
For 30 years, price and convenience were dominant factors. The shock of living in Brooklyn was balanced by more money being in your pockets rather than someone else’s. The revolution on Smith Street, for one, took place because of these people coming to town..."
6/18/2008 | Source: "Brownstoner"
"More fun with demographics! The average brownstone Brooklyn renter in the first quarter of this year was a twentysomething artsy freelancer who makes $50,000 a year, says the Eagle. The profile is based on data from a firm called Ideal Properties Group. More: 33 percent of new Brooklyn renters were in the entertainment business, 24 percent in art, design and architecture, 10 percent in legal work..."
6/17/2008 | Source: "Brooklyn Daily Eagle"
As Brooklyn Grows, More People — And Young Ones — Are Renting
"BROOKLYN — The building of a new Brooklyn continues, mostly with places for people to live. Because of the sagging economy, folks looking for living space are beginning to concentrate on renting rather that buying.
Thanks to Ideal Properties Group LLC, a Brooklyn-based firm, we know a lot about these new renters. This firm has issued a statistical report on who is renting where in the downtown communities, including Park Slope and Windsor Terrace.
Here is a profile of a kind of person who moved into one of nine communities in the first quarter of this year. (Those communities are Boerum Hill, Brooklyn Heights, Carroll Gardens, Clinton Hill, Cobble Hill, Prospect Heights, Park Slope and Windsor Terrace.)
That typical tenant is 21 to 25 years old, is one half of a couple (roommate or family), has lived in Brooklyn before, works freelance in an entertainment- or arts-related industry, makes $50,000 a year and needs no guarantor to be approved for an apartment.
(Other demographic reports have shown over the years that renters tend to be younger than buyers, for obvious reasons, which helps to explain the relative youth of this profile.)
Perhaps the most surprising result of this report is the shift in where people are coming from. New renters have usually been from Manhattan, but that is changing. In the first quarter of 2006, 53 percent of the renters came from Manhattan, but that dropped to 20 percent in the first quarter of 2007 and edged up to only 24 percent in this past first quarter.
People already living in Brooklyn constituted 61 percent of the new renters in the first quarter of this year.
Youth was busting out all over in that quarter — 93 percent of those renting then were from 21 to 35 years old, and 42 percent of the total were between 21 and 25.
Fully 80 percent of those renting were couples or roommates. This shot up from the 56 percent who rented in the fourth quarter of 2007...."
