‘Across the Board’ Hits in Brooklyn
In Brooklyn, “condos took a hit pretty much across the board – Williamsburg, Greenpoint, Clinton Hill,” Heskel adds. “A lot of developers…can’t sell their units so they’re panicking. Some are changing to rentals. They’re choked up with construction loans. They can’t sell the apartments and can’t pay back the loan.” NY Post
Feb 09, 2012 | 11:02 AM