Metro.us 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
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.