The dirtiest word in residential real estate is … luxury.
“Ninety-five percent of luxury is not luxury,” quipped Compass agent Christine Blackburn, who moderated a discussion Wednesday on what the term means in Brooklyn’s residential market. Panelists included Forest City Ratner’s Susi Yu, Alloy Development’s AJ Pires, Slate Property Group’s David Schwartz, Atelier New York Architecture’s Ken Hudes and Hamlin Ventures’ Abby Hamlin.
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