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Crown Heights and Flatbush: Awakening Giants

New York

GFI Realty Services In. released its Brooklyn 2007-2014 CAP & GRM Trend Report and it's a tale of two neighborhoods—Crown Heights and Flatbush—that are particularly illustrative of the strength of the Brooklyn market. Flatbush (with its average price per unit increasing to $193K in 2014) has begun to show indicators of an area on the verge of tremendous growth. Crown Heights continues to soar, reaching an average of $175K per unit last year and exceeding the average price per unit during the “height” of the market in 2007. President Michael Weiser tells us that he expects that the price per unit will continue to flourish in Crown Heights and Flatbush. Click here to view the full study. For more info on our Bisnow partner, click here