The Real Deal New York

From the February issue: If one were to compare residential sales, office leases and other real estate data in each of the five boroughs, the expectation would be that Manhattan would dominate every category, right? Not so fast. It was actually Queens that saw the most single-family home sales last year and the smallest drop-off in new condo building since the credit crunch hit, and it was Brooklyn that had the greatest number of mixed-use building sales, thanks to the size and housing makeup of those two boroughs and current market conditions. This month, The Real Deal set out to compare the boroughs to one another in the post-credit crunch market and to examine some more long-term fundamentals that are slowly changing as much of the outer boroughs gentrify.