Report Says Brooklyn Real Estate Prices Skyrocketed In 2005 - 2006-02-07
A new report indicates prices in many neighborhoods in Brooklyn are surging. The Real Estate Board of New York unveiled its first-ever Residential Sales Report Tuesday on 2005 real estate prices in the borough showing the average price of an apartment in Brooklyn is 35 percent higher from 2004. The most expensive neighborhood to purchase an apartment, with the average place going for $1.2 million.
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