With all those mega high-rises going up in Manhattan and on the newly tapped waterfront areas, it’s easy to forget about New York City’s outer boroughs and the many neighborhoods throughout. We already know that places like Williamsburg and Long Island City are hot markets, but a recent report released by the Real Estate Board of New York (REBNY) shows that they aren’t the only popular neighborhoods. While Williamsburg and LIC are doubtlessly contributing to the popularity of Brooklyn and Queens, other areas have helped contribute to a 6-year high in home sales. 

Those who read the New Construction Manhattan blog with any regularity are familiar with the fact that the market for NYC condos is in the midst of what appears to be a pretty spectacular rally after some rough years. Really, anyone who reads about NYC real estate anywhere is probably aware of this -- those years were pretty rough, the rally is pretty impressive, and most everyone who has anything to do with Manhattan apartment sales is happier than they've been in years.