Conventional wisdom may say that Brooklyn is dealing with an oversupply of rental properties. But according to panelists at a recent Bisnow event, the reality is much more complex. Concerns over a glut may stem from a roughly two-year stretch when the borough saw between 2,400 and 3,000 rental units come online, said Sean Kelly, senior director of investment sales at Ariel Property Advisors. He pointed to TF Cornerstone’s 33 Bond Street project as one […]
source https://therealdeal.com/2018/11/01/what-oversupply-panelists-say-brooklyns-real-estate-market-is-starting-to-reset/
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