I'm not sure what the first broker mean by two properties that fell into a short sale? So far I have not seen any new Condos do a short sale unless it was a Re-sale, and I'm guessing that Stu is asking about New Construction. Short Sale is almost non existent in New York.
And I do agree with Judy, both of those areas are very hot right now, and will continue to get receive more attention as time goes by and Brooklyn becomes THE BOROUGH to live in.
I'm not sure if you had the chance to check out Fort Greene, another great area which is in a close proximity to almost everything, with some great new developments that are up.
Many people ask us how much further this market will drop, and thats impossible to answer. The better areas are just fine, and are not dropping in price as much as some buyers hoped for. Many experts say that we already hit our lowest and some believe that the market will continue to fall another few % before it stops.
My Advice to you Stu, if you see a property which you love and you also feel that is is priced well, make an offer, if you wait chances are it will be taken by someone else who was more motivated and ready to act. If you just started shopping and aren't set on what you want, shop around and compare it's the best way to know if something is a deal or a rip off.
If you have any other questions, I'd love to chat and answer as much as I can.