You know all that construction you’ve seen around the borough? Well, those new apartments are selling. Sales have jumped 18% in Brooklyn, according to Business Week.
New condos across the East River from Manhattan are luring international buyers and renters who see the properties as relative bargains, according to Jonathan Miller, president and chief executive officer of Miller Samuel. Manhattan apartment rents rose 4.9 percent in the third quarter, to an average $2,970 a month after landlord-sponsored concessions, the companies said in a report last week. Low borrowing costs were also an incentive for purchases, Miller said.
Have you recently purchased in Brooklyn? What was your experience like?
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