The Times’ real estate section cover story yesterday on how the four boroughs’ residential markets are stacking up compared to still-strong Manhattan pegs Brooklyn as mostly healthy, but weak(er) in certain spots. On the one hand, prices and sales are still healthy in the most desirable brownstone neighborhoods (Heights, Slope) and holding steady—if not breaking records—in areas like Clinton Hill and East Williamsburg. On the other hand, brokers also say they’re seeing more caution from buyers, and the president of Aptsandlofts says his brokerage has dealt with a few people this year who bought investment properties in Williamsburg and are faced with the prospect of selling condos at a loss. And so Brooklyn remains a very big borough with a very diverse market.
Taking the Pulse of the Boroughs [NY Times]
Photo by williamsburger.