“I think that there’s not enough on the market right now and there’s not going to be even in a year,” said Ofer Cohen, Founder and President of Brooklyn commercial brokerage TerraCRG, who regularly works with residential developers looking for sites to build on. “It’s going to take a long time for condo inventory to get into this pipeline, and for the foreseeable future there’s not going to be enough of it.”
While there are plenty of new development rentals to choose from, the pipeline of for-sale units in the already inventory-starved borough is paltry.
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