Friday, October 2, 2015

Instant Alert: Where residents of 17 New York City neighborhoods could move abroad and live for the same price

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Where residents of 17 New York City neighborhoods could move abroad and live for the same price

by Kathleen Elkins on Oct 2, 2015, 12:00 PM

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It's no surprise that New York City is expensive — but to give you an idea of just how expensive, database NeighborhoodX compared New York City neighborhoods to luxury destinations around the world.

Manhattan's Murray Hill, for example, is equivalent in purchase price per square foot of real estate to the romantic La Parte Vieja neighborhood in San Sebastian, Spain.

And Carroll Gardens in Brooklyn compares to an exclusive residential neighborhood in Oslo, Norway.

NeighborhoodX compiled data primarily on two-bedroom apartments. Their data set came from a mixture of proprietary research, public data sets from the real estate portals, and analysis from real estate analyst Jonathan Miller of Miller Samuel.

Here, we've highlighted 17 of the most expensive New York City neighborhoods and their luxurious counterparts around the world, where New Yorkers would pay nearly the same price for their homes:

SEE ALSO: 13 facts about San Francisco that will make you think twice about whether you can afford to live there

17. Williamsburg, Brooklyn

At $782 per square foot, Williamsburg compares to the Centro Storico neighborhood of Rome, Italy ($778/square foot).

With a rich history of over 3,000 years, Centro Storico was once the center of the world and is now the heart of Rome, brimming with Baroque art, museums, and magnificent churches.



16. Cobble Hill, Brooklyn

At $1,028 per square foot, Cobble Hill compares to the Piazza Santa Trinita neighborhood of Florence, Italy ($1,019/square foot).

You'll find the beginning of the luxurious and chic shopping street, Via de' Tornabuoni, in the Piazza Santa Trinita, along with its namesake, the Church of Santa Trinita.



15. Fort Greene, Brooklyn

At $1,063 per square foot, Fort Greene compares to the Ponte Vecchio neighborhood of Florence, Italy ($1,020/square foot). 

Dante, Michelangelo, Galileo, and Boccaccio all once walked the streets of this picturesque neighborhood.



See the rest of the story at Business Insider


 
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