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Real Estate

The Value of New York Real Estate Jumps More Than 9%

  • Brooklyn leads boroughs with an increase of 12 percent
  • Manhattan real estate has slowest price growth, up 7 percent
RF apartment NYC
Photographer: Lisa-Blue/iStockphoto

New York City is still reaping the benefits of the real estate boom.

The city set a value of $1.26 trillion for its more than one million properties for the fiscal year beginning in July, an increase of 9.4 percent over the previous period that promises to boost the government’s tax collections.