New York – Brooklyn’s Gold Rush

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    New York – DEVELOPERS in New York City have had a lot of success luring buyers to high-end apartments with the latest dazzling amenity. Heat reflexology flooring, anyone?

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    But the feature still most likely to draw people is not something new and shiny but old and reliable: good bones. Many buyers re-entering the real estate market after years on the sidelines are discovering what they’re after in brownstone Brooklyn. In neighborhoods including Fort Greene, Park Slope, Boerum Hill and Red Hook, brokers are besieged by buyers.

    “It is amazing,” said Jill Seligson Braver, an associate broker at Brown Harris Stevens. “It is a level of activity I have not seen since 2006-2007. There are so many people looking for brownstone buildings, and there is just no supply.”

    Ms. Braver said that when it comes to brownstones, good bones can mean many things: striking period details, ornate moldings, gracious floor plans. But always, they offer a sense of solidity. “Brownstones signify stability,” she said. “Putting roots down in a neighborhood for the long haul.”

    Full story at The NY Times


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    11 Comments
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    Aryeh
    Aryeh
    11 years ago

    None in Boro Park, Midwood or Flatbush.

    sam46th
    sam46th
    11 years ago

    This article is misleading.
    Brown Harris Stevens new tactic of markting, go to the newspapers.
    How can you say median price increased in Red Hook from 475k to 825k when you state there are only a handful of properties. Then the median price is flawed. Red Hook was always a dream not to come true, to close to poluted factories, projects, crime, drugs.
    The articel could sum it up with less lies, by just stating that Brownstones have a good marketing tool that they preserve the pre-war design. Anything futher, is misleading.
    Boerum Hill? 1.1 to 1.7? did they start including part of Cobble hill in Boerum Hill??? anyone with brains see’s the lie.

    11 years ago

    good marketing indeed. make a big statement about supply/demand and you can ask whatever you want! real estate in Brooklyn is w-a-a-a-y overpriced.