What do YOU think will be the next new Hot Brooklyn or New York neighborhood?

[Michael G.]

Hi Everyone!

Many of us are aware at how 'instantly' hot Brooklyn NY became over the last several years - But not all areas of Brooklyn enjoyed as much appreciation as others.  One really needed to have a good feel for the local market on the ground - Hipster and young professional immigration (regardless of race) into a neighborhood was usually a good forecaster...

Question: Are there any other 'very soon to emerge' great Brooklyn, perhaps even Queens,  or other NewYork neighborhoods you think are great areas to invest in NOW? 

Would be very interested to hear your opinions but please explain, in as much detail as possible, exactly why you think so, point-by-point.

In the interest of transparency: 

1.) Please disclose whether you already own property in these areas to avoid the impression that you are simply "talking your book." 

2.) Perhaps it might also be a good idea to share what your RE investment experience is

Thanks everybody! Genuinely looking forward to hearing your ideas!

[Remo F.]

Brooklyn R. I know this was 9 months ago, but I'll try to answer your question.

Caribbeans were not accused of gentrification as gentrification is a process of renovation and revival of deteriorated urban neighborhoods by means of influx of more affluent residents, which results in increased property values and the displacing of lower-income families and small businesses.

First the Italians, Irish and Jewish people were the next wave after the Dutch to settle in Flatbush not Caribbeans.

After came Caribbeans.
Whites moved their families to the suburbs such as Long Island and Staten Island. They left in hopes that they could provide better lives for their children, taking their businesses with them. Known as "White flight"

They were not priced out which is one of the main factors that causes gentrification.

The ones that were left behind were approached by many investors pushing and scaring them to leave spreading fear that black people will depreciate the value of their homes, It worked!

At this time, West Indians moved in, including some from Crown Heights, because of the cheaper real estate. They opened small mom-and-pop stores and businesses on Flatbush Avenue. That began the economic revitalization of Flatbush.

You can hear more about this from many folks who grew up in parts of Brooklyn in the 50s 60s describing their departure to the suburbs and the desperate measures investors/landlords were using to scare folks out of their homes so they could buy up cheap real estate.

https://itunes.apple.com/us/podcast/there-goes-the-neighborhood/id1089555645?mt=2&i=365356413