Hi,

2016 started on different paths for Manhattan and Brooklyn. Manhattan became more expensive than ever while experiencing a slowdown in number of sales, while Brooklyn keeps cruising with strong fundamentals to back up some sustainability to this trend.

However, some hope remains for the Manhattan buyer! This Newsletter will show how the pipeline of Q1 2016 approved condominium plans will bring a drop of the average price for future products. While some developments remain very high profile, entry level and mid-luxury developments are demonstrating signs of resistance.

To that extend, I’ll bring some thoughts about where to look for some of these values in Manhattan now and for products being delivered in the next couple months.

Finally, Brooklyn will get a focus on Dumbo, an area which development model is inspiring the rest of the Borough’s up and coming neighborhoods.

I truly hope that this newsletter will be beneficial and informative while shaping your real estate plans. I remain available to consult with you at your convenience.

Cheers!

 

 

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