Will East Flatbush, Brooklyn New York ever be gentrified?

[Westlake John]

What do you guys think? I see the current homes for sale climbing.

[Jan Kutrzeba]

The short answer is yes! I'm just about to finish renting out a brand new 18-unit on NY AVE and Farragut Rd. There are three other brand new multifamily projects on the same block finishing construction by the end of 2018. Driving around, I see more construction here than in Bushwick nowadays. An owner I talked to next door to the property I'm working on said she's been getting offers of up to $2.5M for her corner property (large, 3-story, 2fam - my guess) and she's not selling. A SFH half a block down on Farragut Rd was listed for $599k the other week (Idk whether it sold or not).

The 2br apts we're renting out are going for $2150/month and $2250/month (with a balcony), 'no fee'. Central AC/heat, laundry room in the basement, roof deck, backyard access. The standard new dev quality of work with stainless steel finishes.