Brooklyn real estate living up to boro’s cultural hype
Eye On Real Estate
Buyers got busy chasing Brooklyn investment properties this year.
The number of purchase deals rose 20% in January through June and the number of properties sold increased 17% compared with those in first-half 2012, according to a report released Wednesday by Ariel Property Advisors.
“The positive changes in Brooklyn continue to attract investors, developers and retailers from throughout the city and in some cases, the country,” said Ariel vice president Jonathan Berman.