Why Brooklyn’s Real Estate Bubble Will Never Pop; The Departure of Streit’s Matzo Factory Begins

Posted On Fri, June 12, 2015 By

Posted On Fri, June 12, 2015 By In Real Estate Wire

  • “Brooklyn is not going through a boom as much as it’s swinging back to what it always should have been worth.” I.e. expect rents in the borough to remain obscene. [Gothamist]
  • Hedge funder Steven A. Cohen has de-listed his $82M apartment, claiming his brokers failed to do their job. [NYDN]
  • More renderings inside Jean Nouvel’s MoMA residential tower. [Curbed]
  • Mayor De Blasio says we should expect a “real nightmare” if the law governing rent-regulated apartments is allowed to expire. [NYDN]
  • Drilling has begun outside the beloved Streit’s Matzo Factory. [BB]

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