Bay Ridge Northwest median real estate price is $1,099,409, which is more expensive than 78.7% of the neighborhoods in New York and 92.7% of the neighborhoods in the U.S.
The average rental price in Bay Ridge Northwest is currently $4,198, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.1% of the neighborhoods in New York.
Bay Ridge Northwest is a densely urban neighborhood (based on population density) located in Brooklyn, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Bay Ridge Northwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Bay Ridge Northwest neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Bay Ridge Northwest has a 11.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 69.8% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Brooklyn, the Bay Ridge Northwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Bay Ridge Northwest neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 31,065 persons per square mile in the neighborhood, it is more packed with people than 97.1% of the nation's neighborhoods. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Bay Ridge Northwest neighborhood is among the top 5% of American neighborhoods in terms of walkability. Do you like a coastal setting? If so, this neighborhood may be to your liking. The Bay Ridge Northwest neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Bay Ridge Northwest is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Bay Ridge Northwest neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 44.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.8% of America's neighborhoods.
Think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Bay Ridge Northwest neighborhood: a neighborhood in which more "urban sophisticates" live than 98.9% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.5% of residents in the Bay Ridge Northwest neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.8% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, in the Bay Ridge Northwest neighborhood, 14.0% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.7% of the neighborhoods in America.
Finally, more people ride the bus in this neighborhood each day to get to work than 95.9% of U.S. neighborhoods.
Did you know that the Bay Ridge Northwest neighborhood has more Greek and Lebanese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.4% of this neighborhood's residents have Greek ancestry and 3.9% have Lebanese ancestry.
Bay Ridge Northwest is also pretty special linguistically. Significantly, 2.8% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Bay Ridge Northwest neighborhood in Brooklyn are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 88.6% of the neighborhoods in America. With 16.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.6% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Bay Ridge Northwest neighborhood, 62.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 17.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.1%), and 6.8% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Bay Ridge Northwest neighborhood is English, spoken by 53.9% of households. Other important languages spoken here include Spanish, Chinese, Arabic and Vietnamese.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Bay Ridge Northwest neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Asian (22.5%). There are also a number of people of Greek ancestry (12.4%), and residents who report Irish roots (11.0%), and some of the residents are also of Italian ancestry (9.9%), along with some Arab ancestry residents (9.5%), among others. In addition, 29.8% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Bay Ridge Northwest neighborhood spend between 45 minutes and one hour commuting one-way to work (46.4% of working residents), longer and tougher than most commutes in America.
Here most residents (31.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (14.0%) and 11.0% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.