Monday, August 31, 2009

Central Brooklyn condos in the crapper

From Crain's:
Sixty-five residential buildings in central Brooklyn are financially troubled, on the verge of distress or struggling to sell out remaining units, according to a recent survey conducted by Democratic Assemblyman Hakeem Jeffries.
These properties are market-rate residential buildings at least four stories high located in the neighborhoods of Fort Greene, Clinton Hill, Prospect Heights, Crown Heights and Bedford–Stuyvesant. Many are luxury developments in differentSource: Queens Crap RSS Feed

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