Downtown Brooklyn hits record pace in housing
Downtown Brooklyn is on track for a record-breaking year in housing development. According to a new report from the Downtown Brooklyn Partnership’s real estate team, the neighborhood is slated for its highest number of new units yet, Crain’s New York Business reported. During the first six months of the year, Downtown Brooklyn saw more than 3,700 units completed, with another 1,183 set to be finished before the end of 2025. This breaks the area’s previous record of 2,925 units completed in 2022. Of those units, 3,334 were finished between April and the end of June, with 1,048 designated as affordable. […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Aya picks up Cassa Hotel in Midtown for $55M

Barnett scores $1.2B equity infusion for Disney campus, Torch, more

Brooklyn’s luxury market crawls into September

Vornado eyes $350M Penn District rental tower

Fashion designer lists Hamptons home for $50M

Manhattan community board to Adams administration: We need more housing

Orbach and Gotlib buy out Rechler’s stake in Lenox Hill apartment towers

Manhattan’s luxury market logs sleepy week post-Labor Day

Spanish billionaire Amancio Ortega swallows loss at 366 Madison

Zero sum game: City program has awarded landlords no grants
