NEW YORK, NY – The winter chill had little impact on the Manhattan and Brooklyn sales and rentals markets, as resale and rental prices in Manhattan and Brooklyn continued to climb in the fourth quarte
NEW YORK, NY – The winter chill had little impact on the Manhattan and Brooklyn sales and rentals markets, as resale and rental prices in Manhattan and Brooklyn continued to climb in the fourth quarter.
According to the Q4 2015 StreetEasy Market Reportsi, Manhattan’s median resale price grew 7.1 percent from last year to $1,002,008, marking a record high and breaking $1 million for the first time in historyii. Brooklyn’s median resale price also reached a record high, soaring 8.3 percent above last year’s level to $537,193.