Real Estate

Manhattan Rent Slips In June, But Still 2nd-Highest On Record: Study

Yes, it "slipped" all the way down to $4,300.

NEW YORK CITY — Manhattan's increasingly cash-strapped prospective apartment shoppers got a teensy break in June when rent finally "slipped," according to a new study.

But don't celebrate yet — it was $4,300.

"After three months reaching new highs, median rent slipped to the second-highest on record," the new Douglas Elliman study states.

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The $95 drop in the bucket from May's rent is what counted for good news within the study.

Brooklyn's typical rent hit a new high — $3,557 — for the third month in a row, the study found.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

And northwest Queens actually became a hair more expensive than Brooklyn, with its typical rent reaching $3,573 for the month.

"Median rent reached a new high for the second time in three months," the study states for Queens.

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