Thefts of pricey bikes on the rise in New York City

Thieves are eyeing bicycles as big business, leading to a recent spike in thefts of pricey bikes concentrated in a particular grouping of Manhattan neighborhoods. And while bike thefts have been consistently increasing over the past decade, grand larcenies are going up at a significantly higher rate, indicating that thieves are targeting high-priced rides, experts said.

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