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Updated over 8 years ago on . Most recent reply

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Algernon Brown
  • Brooklyn, NY
4
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24
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Fishtown Vs Brewrytown

Algernon Brown
  • Brooklyn, NY
Posted

Hey BP, looking for my first investment property, I will be ready to make a move very soon I am from Brooklyn NY,  I have witnessed what has taken place Downtown BK as well as Bedstuy, with gentrification, it has sent prices through the roof  However, I have been doing some research in Philly  it looks as if the same thing is happening In Fishtown as well as Brewery town I have seen prices in the mid 200's and up, as appose to Brooklyn where you can not even look at a property without a million dollar  price tag attached to it, of course the numbers have to make sense in order for me to make any type of investment that goes without saying, I am not very familiar with both Fishtown or Brewery town  I  am really intrigued on what's happening in these particular parts of Philly for a buy and hold investment, can someone enlighten me a little bit more on these neighborhoods it will be greatly appreciated. 

Most Popular Reply

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180
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Jon Sanborn
  • Real Estate Agent
  • Philadelphia, PA
69
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180
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Jon Sanborn
  • Real Estate Agent
  • Philadelphia, PA
Replied

Like @Lauren N Sellers mentioned, Fishtown is definitely more developed than Brewerytown is, so prices and competition are higher there (Fishtown). The Fishtown boom has spilled into Kensington and development is occurring as north as Lehigh. Brewerytown is not as heavily developed just yet so you can probably get in cheaper there. Both areas are very hot places in the city right now. 

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