Local News

Home prices in Brooklyn soaring to record highs

The rental and sales market is booming in Brooklyn.

A new report shows the borough’s average home price is more than $564,000.

That’s a 10-year record high.

Rents also soared to their highest level in more than five years.

The average rental price in Brooklyn is about $2,800.

That’s only $295 away from the average rent in Manhattan.

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