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NYC Peak

Started by brooklynbridge
almost 16 years ago
Posts: 14
Member since: Feb 2010
Discussion about
It has been said that real estate peaked in 2006. Is that true for NYC? Prices seemed to have climbed through 2008. I am looking at buying an apartment that is priced slightly above what they payed for it in 2006 (2 bed, 2 bath in Brooklyn Heights for 850K). When they purchased it in 2006 it was in need of major updates. They updated a lot of things but the apartment still needs some work. Are apartments worth any more now than they were in 2006?
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