The New Coney Island - Brooklyn's Times Square by the Sea

Saturday, July 9, 2016

Brooklyn Real Estate Prices Set New Record excerpts -

Brooklyn real estate is getting expensive at an unprecedented rate, and different sections of the borough are increasing more rapidly than others, according to a report released Thursday.

The new report from Brown Harris Stevens showed that records have been set for both the average and median Brooklyn apartment prices during the second quarter of 2016, with apartments in central Brooklyn increasing the most.

The same trend was true to a lesser extent in south Brooklyn. Neighborhoods such as Bay Ridge, Midwood and Gravesend saw apartment prices rise 13 percent, on average, and townhome prices increase 10 percent, the report added. 

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