No more luxury condo glut, gas outage lawsuit at NYCHA, & more

By Emily Myers | August 16, 2022 - 9:30AM


Long term gas outages at two public housing complexes in Coney Island prompt tenants to file a lawsuit against NYCHA (Brooklyn Paper)

Record sales volume along with fewer condo building conversions put an end to the glut of high-end condos (The Real Deal)

Demand shifts to listings below $500,000 as the cost of monthly mortgage payments rise, according to StreetEasy (press release)

Condo sales at One Brooklyn Bridge Park top the borough’s luxury sales, with the two priciest properties to enter contract last week (The Real Deal)

Home builder confidence fell to a new two-year low in August, as per the National Association of Home Builders (Forbes)

As extreme weather events increase, providing climate-resilient public transportation will be crucial for vulnerable communities (Next City)


Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.