The Real Deal New York

Red Hook’s revival picks up after Sandy

The storm-damaged neighborhood gets back on its feet, but other challenges await
By Alice Brennan | April 19, 2013 04:00PM

From the April issue: For years, real estate insiders have been pointing to Red Hook as the next hot Brooklyn neighborhood, predicting an explosion in sale prices and activity in the long-industrial neighborhood.

But due to the real estate downturn and other factors, that never quite materialized. And in October, when Hurricane Sandy dealt a harsh blow to the neighborhood, many real estate pros counted Red Hook down for the count. [more]