Brooklyn Housing Has Rough '09 Start; Condo Sales Off 57 Percent Annually

The median sales price in the North Brooklyn condo market dropped to $565,128 in the first quarter of 2009, down 2.5 percent annually and 1.1 percent quarterly. Pity, that.

It wasn't all that long ago that the North Brooklyn condo market was the great gentrifying hope for real estate developers, marketers and brokers (and buyers and some bloggers!) looking to expand the luxury market into the outer-boroughs. Williamsburg developments like Douglaston’s The Edge...

Copyright Obser - Observer
Contact Us