Real Estate: The New “it” Neighborhoods, Flatbush + South Bronx

extralargeimage via dnainfo.com

I caught up on some real estate news and it seems that people are finally starting to accept the fact that they can’t afford certain parts of NYC anymore. Accordingly, residents and business owners alike are starting to explore “other” areas in NYC.  With the rising cost of living in Manhattan and parts of Brooklyn, people are essentially getting “priced out” of other popular neighborhoods and they have no choice but to search elsewhere. However, not all is lost, moving on to less known territory usually means more space and more affordable rent. (by New York City standards at least).

Brooklynites are finding their way to Flatbush where “Bustling Flatbush Avenue is lined with discount stores, Caribbean delis and the newly restored Kings Theater, while residential side streets are filled with prewar apartment buildings, attached houses and stand-alone homes. At the southern end of the neighborhood near Brooklyn College, large Victorians and colonials dominate.” {New York Times}

At the same time,  real estate experts  predict that the South Bronx, (Mott Haven) could become the new Williamsburg. {DNAinfo}

What do you think? Are you ready to move  to one of these neighborhoods?

 

MOD Real Estate Services LLC

MOD is a boutique real estate & business consulting firm. MOD provides a full-range of real estate consulting services for residential and commercial clients in NYC and Long Island, NY. MOD also works with small businesses & start-ups to develop & revamp business plans and goals.

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