Gentrification in NYC Neighborhoods – The Current Situation

A lot of changes have been recorded in the neighborhood of the NYC city with the arrivals of wealthier people and raising the living standards of a particular area. Although gentrification is the sign of economic growth but it does have some adverse effects on the ones belonging to the lower class. The positive effect includes beautification of the area with new and improved buildings, better living standards, a decrease in crime rate, better job and business opportunities etc. However, the existing residents may face a lot of issues with the gentrification of their area as well. The disadvantages come in form of increased rents, property taxes etc. The new arrivers may be able to afford them but it can disturb the budget of the existing ones.

Let’s have a look at the areas in NYC neighborhood that have undergone gentrification and the impact it has had on them.

Williamsburg

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NYU’s Furman Center released a report recently which put stress on the fact that Williamsburg has been the most affected area by gentrification. The noted effects have mostly been the positive ones. The area, which was preferred by artists for finding accommodation with cheap rents, has now become the center for indie rock and electroclash. The rent has increased up to $2600 to 4000 for a two bedroom apartment and the area is filled with various restaurants, amazing nightlife spots, and sleek art galleries.

Harlem

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Harlem was known as the iconic American-African cultural nexus. However, gentrification happened and the area became free of black people.  The iconic churches are replaced by modern and luxurious condos and the area has become a much better place to live in owing to the modern facilities and improved lifestyle. The gentrification was opposed by the black community as they felt it will take away the soul and heart of the area. However, as they say, everything happens for good and same happened with Harlem. Not only the lifestyle of the residents improved but it also helped them to grow economically.

Astoria

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Astoria, situated in the northwest corner of the New York City borough of Queens, has become the only area in Queens to get into the list of gentrification. The reason for the gentrification is attributed to the growing population and the increase in rent of accommodation which has given rise to better facilities and overall enhanced lifestyle. As per a report, 48.5% of the population of Astoria comprises of “non-family households” and the number of college graduates has also increased by nearly 16% as compared to the data of 2010.

Bushwick

0_4200_0_2800_one_colorful-apartments-bushwick-tam35Ranked at no 4 the list of top 15 most gentrifying neighborhoods of NYC, Bushwick has witnessed a 44% increase in the rent of the domestic property. With the increase in rent, the average income rose to $58000 from $51000. Although the numbers are not huge when it is compared with the overall increase in expense, the gentrification has improved the lifestyle and living standard of the residents.

Gentrification, although a positive step towards the betterment of people, has had little opposition owing to the adverse effects it leaves on the existing residents. It has been the matter of concern for the authorities to provide them substantial resource so that they could easily adjust to the new lifestyle.

 

Jason Nichols

Walking, talking and apartment shopping like a New Yorker.

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