The Real Deal New York

This month in real estate history

A look back at some of New York City's biggest real estate stories

February 20, 2014 04:30PM

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Brooklyn in 1890

Brooklyn in 1890

From the February issue: Brooklyn real estate market hits standstill in 1893

The uncertainty surrounding the proposal to merge the independent city of Brooklyn into a proposed greater New York City brought Brooklyn’s real estate market to a near standstill 121 years ago this month.

Real estate agents were going out of business and attorneys and title agents were hunting for work. Furthermore, Brooklyn was averaging just one sale a week in its Real Estate Exchange auction house. [more]