Factory Lofts (left) and the Metropolitan in Williamsburg

The inventory of new apartments in Williamsburg could double next year,
which industry experts say puts more building foreclosures on the
horizon. An estimated 2,818 new apartments will have entered the Williamsburg
market by the end of this year, according to data compiled by
residential brokerage firm Aptsandlofts.com. Next year, 2,766
apartments are expected to come to market, the company data says. Prior to the economy tanking last September, such figures would have
been viewed as evidence of a healthy North Brooklyn real estate market.
Now, they are met with trepidation. [more]