Million Dollar Deals Dead in Red Hook

Three years ago, a new high-water mark was set in Red Hook when the first house in the neighborhood sold for more than $1 million. In the years that followed, a number of other houses in the Brooklyn neighborhood traded in the seven figures, making the largely industrial area one of the boom era's most unlikely Cinderella stories. Nowadays, however, brokers say sales of homes priced at more than $1 million are generally not in the cards in Red Hook. — The Real Deal

Copyright Brown - Brownstoner
Contact Us