No Fee Apartments in New York, Williamsburg Brooklyn No Fee Rentals

Williamsburg, Brooklyn No Fee Apartment Rentals

Williamsburg and Greenpoint

Known for: A more spacious, cheaper cousin to the East Village, Williamsburg can feel at times like a particularly glamorous
college campus—or a particularly hip district of Seattle. M.F.A. grads and young professionals priced out of the Lower East Side
have carved out space amid the Polish population of Greenpoint and the Italian population near the Graham subway stop.
Tensions have recently grown between hipster newcomers and Williamsburg's Hasidim community.

Boundaries: The area is roughly bounded by Newtown Creek to the north, Queens to the east, Flushing and Kent Avenues to the
south, and the East River to the west. North 7th Street demarcates the two neighborhoods, with Williamsburg to the south and
Greenpoint to the north.

Borders: Queens, Bushwick, and Beford Stuyvesant

Subway stops: The G train to Greenpoint, Nassau, or Metropolitan Avenues, or the L train to Bedford Avenue or Lorimer Street.

OUTLOOK

The basics: Roughly half the available spaces near the first stop of the L train are lofts, but railroad apartments (450 to 1,500
square feet) are more common in general.

What's new: Williamsburg Gardens, at 250 South 2nd Street, and Bedford Court, at 150 South 1st Street (both in the $300,000-
to-$700,000 range), are condo buildings catering to first-time buyers. Tellingly, for a young neighborhood that's starting to mature,
158 Broadway's apartments all have two bedrooms. Busta Rhymes recently bought a million-dollar-plus apartment at 60
Broadway, an old musical-instrument factory.

Bargain hunting: The farther from the Bedford and North 7th Street epicenter you get, the better the deal—specifically, the farther
you go east toward Bushwick or north into Greenpoint. If you go about two stops past Williamsburg proper into Bushwick, a 42-
unit building in a former tea factory has lofts renting for $1,100 to $1,800.

Prediction: How the waterfront is developed—park or garbage-processing plant?—will determine the area's long-term fortunes.
Expect prices and rents to keep climbing, as young singles and artists are joined by traditional first-time buyers. “Services are
within walking distance, so especially the area north of the Williamsburg Bridge has become attractive,” says Insignia Douglas
Elliman's Helene Luchnick. That means larger apartments are more in demand. Wild card: If the 2012 Olympics come to town,
Williamsburg will be home to archery, beach volleyball, and all sorts of new construction.

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