New York Post: Forget Rentals, Downtown Brooklyn Condos Booming

Experiencing an unprecedented surge in residential growth, New Yorkers are flocking to Brooklyn to get in on the borough’s growing popularity. Named the 4th most populated city in the U.S. without taking its neighbor Manhattan into consideration, Brooklyn is now at the epicenter of New York’s new residential development boom. An expert the borough, CORE’s Doug Bowen recently spoke with the New York Post to discuss downtown Brooklyn’s condo market. When asked about the neighborhood’s current housing activity, Doug said “Downtown Brooklyn was largely rental-driven since Lehman Brothers fell. Most of the development — especially anything of size like the Brooklyner, or [the upcoming] Avalon Bay — was rental.”