Wednesday, March 31, 2004

Residents and merchants are already pleased at the doubling in property values [around Atlantic Avenue] in a decade - brownstones sell between $1 million and $2 million - and an arena and pier may make the neighborhood even pricier. [NYT]

The Taxi and Limousine Commission approved a 26 percent increase in cab fares, raising the base fare to $2.50 from $2, and the charge for each fifth of a mile to 40 cents from 30 cents. [NYT]

The average price for a Gotham apartment was a staggering $872,160 last year - up 93.8 percent from the 1994 average of $450,084. [NYP]