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Gold Rush Over?

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Following up on the news that Downtown Brooklyn condo tower Oro is cutting prices up to 25%, the Brooklyn Paper spoke with some brokers about the DoBro market. Their comments are pretty candid. One says the Oro has too many "apartments that are exactly alike — and the people who like them, bought them and now, what do you do with the rest?” Adds another: "Oro is really leading the way and others will follow, it's happening all over the borough. But when people see 25 percent off, they come in. It's attracting attention." [BK Paper; previously]