Forget Manhattan. Brooklyn’s Real-Estate Market Is on Fire — and It’s Not Cooling Off Anytime Soon.

 

Brooklyn’s housing market is on fire and is beating Manhattan!Brooklyn’s prices continue to break records with multiple bidding wars, with the median now at $610,894, a 17.5 percent jump from 2014.  Manhattan’s numbers remained flat for the same period.

Why?  While NYC is building ultra luxury,  Brooklyn is affordable yet has cool neighborhoods, and that is what  buyers want.  Look out for 30 new projects in Bedford Stuyvesant and 11 in Bushwick.

Wow!

 

Read the entire article here.