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Forest City Sells Atlantic Yards Stake to Speed Construction (1)

…Brooklyn apartment rents are soaring and investors are racing to partake in that income by acquiring multifamily buildings. In September, rents in the borough climbed 10 percent from a year earlier to a median of $2,800, the second-highest in five years of record-keeping, according to New York appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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