Unfinished condos flood north Brooklyn

October 06, 2008 09:32AM

The condo boom that hit north Brooklyn over the past few years could leave unfinished and unoccupied new buildings in Williamsburg, Greenpoint and the Brooklyn Navy Yards area. Condo sales there represented about 75 percent of total residential sales in spring 2008 – when they were down 30 percent from the previous year to 174. The five-block area surrounding McCarren Park has seen the most new residential projects shoot up, including 55 Eckford, where a stop-work order and a series of additional borrowing make it doubtful the project will get finished by Blue Diamond Development.

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