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Brooklyn Heights
Started by Brooklyn1
over 16 years ago
Posts: 18
Member since: May 2009
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Um, not necessarily. I was just looking at listings ... you might find some TINY 2 bedrooms in the 800K range, but certainly not with two bathrooms.
Also, I think new developments will continue to be their own worst enemy. They're just too risky to buy into right now. You'll always have a strong demand for fully-occupied co-ops with strong building financials.
If you search Street East you'll find there are some out there in Brooklyn Heights. There is one on Pineapple, for 785K.
http://www.streeteasy.com/nyc/sale/392545-coop-45-pineapple-street-brooklyn-heights-brooklyn
I am wondering if there are more to come in this price range and if the new developments and their issues are going to bring down overall property values in the Heights. Most 2 beds/2 bath are in the range of 800ks to 1.2 million. Is this just the beginning of the price decline?