Brooklyn Heights
Started by abcdefg
about 17 years ago
Posts: 27
Member since: May 2009
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People in Brooklyn Heights generally are better situated to weather this downturn.
If you're expecting a miracle, don't hold your breath. If you can't afford the neighborhood today, move on.
> People in Brooklyn Heights generally are better situated to weather this downturn
Didn't they say the exact thing about "prime" manhattan, too?
Current listings need to re-set to the new comps (and appear to be gradually capitulating). Here's one recent comp that I think helps to illustrate the trajectory: http://www.streeteasy.com/nyc/sale/252439-coop-200-hicks-street-brooklyn-heights-brooklyn
I recently bought in BK Heights after a year of looking and waiting for the big drop that is yet to come, eventually was able to get just over 10% off asking price (note: it was a 2bdrm, not 3). Couldn't be happier in the new hood. Our time horizon, however, at the low end, is 5 years so we were not too worried about waiting for a further drop. You may be in a completely different situation.