The Real Deal New York

From the archives: On the fringes of Brooklyn, some doubts creep in

Back in 2006, some worried that Brooklyn was losing its steam

June 27, 2015 01:00PM

imageThere’s no doubt about it: Brooklyn remains hot. But while the flames that fanned this market keep core areas warm, a cooling can now be found in the borough’s more farflung neighborhoods, which had been embraced by many as up-and-coming places to buy a home.

“A lot of people are starting to get nervous,” said Hakim Edwards, an agent at Park Terrace Properties in Brooklyn. They’re asking, “am I really going to pay $600,000 to live next to an abandoned building?”

 Read the full story from the March 2006 issue after the jump.