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New York

Brooklyn: “Like a desert with no cactus”

Despite strong demand for condos, pipeline in borough is pumping out more rentals

The 278-unit 550 Vanderbilt
The 278-unit 550 Vanderbilt

From the July issue: Condo buyers in Brooklyn are in for a rude awakening for the next few years.

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While there are plenty of new development rentals to choose from, the pipeline of for-sale units in the already inventory-starved borough is paltry. [more]