Friday, February 16, 2007

"Brooklyn: no longer Manhattan's poorer cousin"

An article by AFP compares Brooklyn to Manhattan noting that "average price of an apartment in Manhattan now stands at 749,000 dollars, the equivalent in Brooklyn is 491,000."

The story also highlights the development of the Williamsburg Savings Bank by Magic Johnson (a little fact I was not previously aware of) into luxury apartments. Some are on the market for up to 3 Mill.

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