The he sale of an apartment in Brooklyn for 2 million a few weeks ago shows that this area of New York City is popular with the rich. But that doesn't mean that all of Brooklyn is getting wealthier.Just blocks away from a group of luxury apartments lies a street where residents live in run-down apartment that are rented for as little as 700 a month
In the past there wasn't an extreme difference in the prices of apartments in downtown Brooklyn. Now, the difference is enormous. Some real estate developers are now changing old factories into apartments that can sell for up to 4 million. As one real estate agent in New York says, A few years ago it was difficult to sell apartments in Brooklyn for this price. But now people are lining up for them.