December 14, 2019

Brooklyn has become the scorching hot real estate market that Manhattan was in the 1970s: a middle class ghetto surrounded by wealth, eye-popping net worths and double-digit property appreciation. Or at least that’s the case for what is referred to as “downtown Brooklyn”, a collection of tony neighborhoods like Brooklyn Heights, Park Slope, Cobble Hill, Carroll Gardens and DUMBO. Thanks to what’s left of rent control and stabilization, while there are still legacy denizens living in those neighborhoods, one can’t even think about being their neighbors today without a generous Wall Street executive salary.  The average 2019 monthly rent paid […]