Brooklyn NY. | Excellent Market for Long Term Buy and Hold

[Amanda McAvena]

This 10 year trend report was just released which I thought would be interesting to buy and hold investors. 

I know Brooklyn is often overlooked as too expensive but I am seeing an opportunity in the market right now. Developers are offering incredible incentives, and landlords that are now dealing with tenant payment issues will likely be more motivated to cash out and sell. 

The average growth rate over the last ten years was 7.5% across Brooklyn. For investors, I think the neighborhoods that have the most potential are--Crown Heights, Windsor Terrace, Gowanus and Greenwood. Overall, are there markets that offer better returns? Yes, and I don't recommend Brooklyn if you want to sell after only holding a short time. However, for those looking for consistency and to diversify their portfolios I think Brooklyn is a great option.