Wall Street Journal: Heights Rentals Now “Landlord’s Market”

According to R.M. Schneiderman in today’s Wall Street Journal Metropolis blog, quoting Michael Guerra of Prudential Douglas Elliman Real Estate:

In brownstone Brooklyn, he says, first-floor apartments with backyards are going immediately. Those on the second or third floor are moving fast, but not quite at the same pace.

Renters in Brooklyn are jumping on apartments in traditionally desirable areas such as Park Slope and Brooklyn Heights, Guerra said, whereas apartments in Greenwood Heights — a lesser-known neighborhood between Park Slope and Sunset Park — are renting at a slower clip.

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