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October 20, 2011
Billion dollar business back in New York
Real Estate Weekly
by Liana Grey
In Brooklyn, on the other hand, walkup apartment buildings are leading the way. “We’re seeing a lot of investors coming into Brooklyn, particularly smaller firms,” said Michael Amirkhanian of Massey Knakal’s Brooklyn team. “This is going to be our first billion dollar year since 2008.”
Multifamily properties within a four or five avenue radius of Atlantic Yards are particularly prized, as equity groups expect the area to become hot once the new Nets arena opens.
NoLandGrab: 'Cause the neighborhoods within a four or five avenue radius of Atlantic Yards — Prospect Heights, Park Slope, Fort Greene, Boerum Hill — have been ice-cold for years, right?
Posted by eric at October 20, 2011 12:16 PM