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Real Estate Prices & Overview

Manhattan Ave / Meserole St median real estate price is $1,302,978, which is more expensive than 84.5% of the neighborhoods in New York and 95.1% of the neighborhoods in the U.S.

The average rental price in Manhattan Ave / Meserole St is currently $2,833, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 55.0% of New York neighborhoods.

Manhattan Ave / Meserole St is a densely urban neighborhood (based on population density) located in Brooklyn, New York.

Manhattan Ave / Meserole St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Manhattan Ave / Meserole St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

In Manhattan Ave / Meserole St, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 86.7% of all neighborhoods in the U.S. This means that the housing supply in Manhattan Ave / Meserole St is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Modes of Transportation

In the Manhattan Ave / Meserole St neighborhood, 75.0% 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 100.0% of the neighborhoods in America.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Manhattan Ave / Meserole St neighborhood buck this trend. 66.1% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.5% of U.S. neighborhoods.

Real Estate

What you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 69,821 people per square mile, it is more densely populated than 99.1% of America'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 Manhattan Ave / Meserole St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

In addition, the Manhattan Ave / Meserole St neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 93.1% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, one of the really unique and interesting things about the look and setting of the Manhattan Ave / Meserole St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 90.2% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.2% of all neighborhoods in America.

Also of note, renter-occupied real estate is dominant in the Manhattan Ave / Meserole St neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 92.0%, which is higher than 97.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

People

Of note, 56.1% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.

Diversity

Did you know that the Manhattan Ave / Meserole St neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.8% of this neighborhood's residents have Puerto Rican ancestry and 10.4% have Dominican ancestry.

Manhattan Ave / Meserole St is also pretty special linguistically. Significantly, 5.7% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.

The Neighbors

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 Manhattan Ave / Meserole St neighborhood in Brooklyn are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.9% of the neighborhoods in America. With 56.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 95.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Manhattan Ave / Meserole St neighborhood, 48.6% 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 23.2% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.7%), and 12.4% in clerical, assistant, and tech support occupations.

Languages

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 Manhattan Ave / Meserole St neighborhood is English, spoken by 47.3% of households. Other important languages spoken here include Spanish, Chinese, French and Polish.

Ethnicity / Ancestry

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 Manhattan Ave / Meserole St neighborhood in Brooklyn, NY, residents most commonly identify their ethnicity or ancestry as Puerto Rican (25.8%). There are also a number of people of Asian ancestry (12.7%), and residents who report Dominican roots (10.4%), and some of the residents are also of South American ancestry (4.3%), along with some Irish ancestry residents (3.7%), among others. In addition, 28.5% of the residents of this neighborhood were born in another country.

Getting to Work

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 Manhattan Ave / Meserole St neighborhood spend between 30 and 45 minutes commuting one-way to work (51.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (75.0%) take the train to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.1%) . This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.


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