Williamsburg Condo Bubble Bursts

08/14/2009 05:12 am ET | Updated May 25, 2011
  • David Amsden New York Magazine

No other neighborhood in the city has been more visibly transformed by new residential construction than Williamsburg. But with sales across Brooklyn down a staggering 57 percent from a year ago, Williamsburg, with its high density of new construction, has taken on an ominous disposition.

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