Involved In Real Estate · New York City, NY · Member since 2013 · 6 posts · 2 votes
I have a buyer who is looking to purchase a primary residence property in either of these areas. Multi-family, single, or condo. She wants to make a smart investment and wants to live in a safe area. She is street-savvy and comfortable living in areas where she's the minority but she also doesn't want to be a target.
She's currently bidding on a house in Bed-Stuy south of Broadway and west of Malcom X and we don't know much about that location. She's also interested in a place in South Bushwick near the Central Avenue M train stop.
Any info on these areas or any advice/suggestions would be greatly appreciated! Even recommendations on websites that might help would be great.
Hello, Amanda. I have from Brooklyn NY and am familiar with the areas. It is honestly a street by street case when it comes to Bed-Stuy and Bushwick. I can honestly say that if you is really looking to not be a target, try going north of Broadway, up towards the L train. It will once again be a street by street, area by area case, but it'll be better for your buyer. Just a suggestion.
She's looking at a property on Madison by Malcom X in Bed-Stuy and a property on Cedar Street at Myrtle Avenue in Bushwick. I'm thinking the latter is a bit better. It's a block from the M train at Central which should help...?
areas like these are very specific. To be frank areas that are block by block and sections vary greatly are tough to figure out, and you should probably seek the council of a very local agent who specializes in this area. You are on the edge of some rough areas. Otherwise try calling the local police precincts and tell them you are looking to buy a home and move into the area and looking for some council of good areas, and no go areas. They can tell you where to stay out of, and help give you a better sense of the area
You can purchase for potential or security or both. I have lived in Bedford Stuyvesant for 10 years, the best investment we have made. We have seen the potential for increase in property value improve over the years while the neighborhood has become safer. if you read the DE article "Douglas Elliman rep: 70% of Brooklyn home sales going to hedge funds, investors and international buyers", http://freewilliamsburg.com/douglas-elliman-rep-70-of-brooklyn-home-sales-going-to-hedge-funds-investors-and-international-buyers/. Brooklyn is receiving international attention. There is something going on.