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Just a week after a record-breaking $3 million loft hit the market (and sold almost immediately) in the neighborhood comes MNS Real Estate's annual report, which indicates a 20 percent rise in Greenpoint rents over the past year, an average of $457 per apartment.
"A lot of business owners saw such success in Williamsburg and see such similarity in the areas...the retail component is filling in much more quickly, whereas in Williamsburg we're still getting major amenities," Barrocas explained. With major new condo developments now in the works, we can pretty definitely expect to see more and more stories like this coming from Greenpoint. So, uh, lock down your lease while you can? Or, if you have money, just keep doing whatever it is you're doing. Things will work out alright for you.
Follow Virginia K. Smith on Twitter @vksmith.