Best Neighborhoods in Brooklyn to Invest in MFs

[Jason Makariades]

Hi All - 

We live in Manhattan currently and are looking to buy a MF in Brooklyn. I'm wondering what other investors are thinking best neighborhoods are? I like BedSty and East Williamsburg, but those are getting pricey. Anyone finding things in other areas?

Thanks!

[Brandon Cohen]

This depends on what your goals are.  Are you looking to live in one unit and rent out the other, or strictly rental?  I’ve seen some decent deals on 2-4 families in bedstuy but I agree that the rental market has taken a hit (all over NYC).  If you’re coming from Manhattan and looking to live in one unit then the offset of rent may be a nice addition.