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Leigh Kamping-Carder

Buy Now? No, Buy Later

Welcome to the buyer’s market: Supply is up, demand is down, and prices are teetering. Brokers say buy now – after all, there are deals to be had! But what if you waited?

Here’s four areas (and one borough) where buyers would be fools to rush in now.

1. MANHATTAN
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Everyone Loves Prospect Heights Historic Designation

Prospect Heights residents, along with elected officials and local community groups, testified before the Landmarks Preservation Commission on Tuesday afternoon to support designating the neighborhood a historic district.

Advocates of landmark designation included Brooklyn Borough President Marty Markowitz, Council Member Letitia James, Congresswoman Yvette Clarke, as well as representatives from Community Board 8, the Read More

‘Williamsburg II’ Disembarks

Over the last few years, something like conventional wisdom cohered around northern Staten Island: New development and new arrivals would make it the New Williamsburg.

Art galleries, bars and cafés opened near the ferry to Manhattan. The first annual Rock the Harbor music festival took place last June. A graffiti artist scrawled "Williamsburg II" Read More

Sour on Williamsburg ‘Sugar’ Condos

From the top of her building at 330 Wythe Avenue in Williamsburg, Stephanie Eisenberg can see nearly all of two boroughs: the Williamsburg bridge, the United Nations, One Hanson Place, Greenpoint’s sewage treatment plant. But she prefers to look out over Brooklyn, with its church steeples and elevated subway tracks.

It’s lucky, because her Read More

What Happens When Gentrification Rolls Back

When Gib Veconi moved to Prospect Heights in 1991, he and his neighbors spent years renovating brownstones. They started with garden-level apartments, and finished each successive story with rental income earned from the ground-floor tenants.

"No one could imagine tearing down a historic building," he said. "It was a question of economics." They Read More