PropertyShark: Tribeca is the Most Expensive Neighborhood in NYC

Brooklyn real estate lawyerAccording to PropertyShark, Tribeca was No. 1 among the 50 most expensive neighborhoods in New York City during the first quarter of 2019. The median home sale price in that area was $4.2 million. SoHo was a distant second with a median price of $2.9 million. Rounding out the Top 10 were the Garment District ($2.5 million), Hudson Square ($2.4 million), Flatiron District ($2.1 million), Theatre District-Times Square ($1.7 million), Central Midtown, Columbia Street Waterfront District and DUMBO (all at $1.5 million) and Carroll Gardens ($1.4 million). Continue reading “PropertyShark: Tribeca is the Most Expensive Neighborhood in NYC”

With the Return of the L Train, Where Does the Brooklyn Real Estate Market Stand?

real estate lawyer BrooklynIn July 2016, it was announced that L train service from Brooklyn to Manhattan would be shut down for 15 months in order to make necessary repairs and updates. To the delight of Brooklyn natives, on January 3, 2019, New York Governor Andrew Cuomo announced that the closure of the L train service planned for April was canceled. On January 17, the Metropolitan Transportation Authority (MTA) made an official announcement to confirm that the shutdown of both tunnels and all service was not necessary. Instead, updates would continue to be made during nights and on weekends but service both ways would still be available 24/7. Continue reading “With the Return of the L Train, Where Does the Brooklyn Real Estate Market Stand?”

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