The Real Deal New York

Brooklyn contractors are cautiously optimistic about the state of Brooklyn real estate after the financial meltdown. As Wall Street employees reconsider their finances, Brooklyn may become more attractive to buyers and renters. Contractors say they don’t expect to see much of an impact from Wall Street, in part because the big developments have been under construction for long periods of time, and won’t react to short-term economic changes. But neighborhoods that have not yet boomed may struggle in a slower economy.