Market Report: Brooklyn City's "Shining Star"
“Brooklyn continued to be the shining star of the New York real estate market,” said Corcoran President Pamela Liebman, summing up the brokerage firm’s 3rd Quarter market report. Despite mixed results in Manhattan and anecdotal evidence locally to the contrary, Brooklyn continued to put up big year-over-year numbers. According to Corcoran, apartment prices in Park…
“Brooklyn continued to be the shining star of the New York real estate market,” said Corcoran President Pamela Liebman, summing up the brokerage firm’s 3rd Quarter market report. Despite mixed results in Manhattan and anecdotal evidence locally to the contrary, Brooklyn continued to put up big year-over-year numbers. According to Corcoran, apartment prices in Park Slope and Brooklyn Heights rose 10%. Other firms’ data backed up Corcoran’s findings as well. According to Fillmore, the hottest nabes aren’t in Brownstone Brooklyn though: Bensonhurst and Canarsie saw jumps of more than 20%. We haven’t seen the report yet and news articles didn’t mention the changes between 2Q and 3Q. Those should be the more interesting numbers. Anyone got ’em?
Boro Home Prices Still on Rise [NY Daily News]
Apartment Prices Up –or Down — in Manhattan [AMNY]
I have yet to meet a brooklynite who grew up in brooklyn in the 40s and 50s who don’t miss the dodgers. I highly doubt one exists. if you find him or her, please tell them to move to CA.
Anon 9:36
It’s only hypocritical if you’re people of your parents generation who were upset about losing the Dodgers.
why is it (and I think Ratner’s plan is way too big) that my parents generation spent my entire life moaning the loss of Ebbits Feild and now, when we have a chance to bring back a major sports team to Brooklyn, it’s seen as going against everything Brooklyn stands for? I am in total agreement that the housing proposed is awful and needs to be scaled down dramatically, but I find the total outrage against Ratner’s plan very hypocritical.
gloom and doom…
Well, I hope all you Brooklyn lovers are agitating against Bruce Ratner, because Atlantic Yards is going to ruin Brooklyn — and all the things you love about it — forever.
I moved to Brooklyn 20 years ago and when I first moved from the upper east side, it was great! The transportation was great — it was faster to go anywhere from where I was than when I was in Manhattan, I loved the character, the quiet, the neighborhood, the fantastic apartment I got. It was love at first site and from that time on, I never considered moving back to Manhattan. I am unabashedly in love with Brooklyn – although sometimes it seems like it might be nice to have that incredible concentration of retail services that exist in Manhattan, I would never really go back there. I never thought of Brooklyn as a second best place but as a better place. I was lucky enough to be able to buy a brownstone and even though it ate my life, I am happy as a clam
(at high tide).
“A chilling report by Brown Harris Stevens shows the average sale price for cooperative apartments slid by 4 percent in the past 12 months to $1,003,945”
Yes, it’s CHIILLING. Horrifying. The end of the world as we know it…one has to love NY.
there is no stopping Duane Reed or Starbucks. it’s like a tsunamis. you get a brief warning and the next thing you know, all you see is water. I knew when “Bank of America” opened on 7th & Union in the slope, it was time to go. It was prime real estate, and it wasn’t even a real bank, just a glorified ATM.
I agree with Rascal although I’ve lived in Brooklyn for 10 years and plenty of parts of it are starting to get the Duane Reade, Star Bucks makeover…