Not as much appreciation potential unless you believe in and will wait for de Blasio's big plans out there.http://www.zillow.com/homedetails/467-Jerome-St-Brooklyn-NY-11207/30639992_zpid/It's been out there for 3+ months (maybe for a reason) but they just cut the price and might accept well below ask.

Quote from @Brooklyn McCarty: Bill Faeth just had a recent podcast about this.

I'm actually living in Brooklyn as well, so I know how expensive it is here!

Hi All,My name is Tae and I am a new investor getting started based out of Brooklyn, New York City.

Hi Federico, @Federico GutierrezI purchased 2 in Cleveland, the first in Brooklyn and the second in Parma.

I am from Brooklyn NY born and raised but would like to invest in the Fairfield county (Bridgeport, Norwalk) area and New Haven area.

No matter what market, that's a terrible Cap Rate, even here in Brooklyn, NYC!

But, if you choose wisely and plan on holding for several years, you can make ALOT in appreciation.This has been the case with much of costal California, and booming urban areas like Brooklyn, NY.

Hey Matt,Im actually a registered nurse myself based out of Brooklyn NY. i began investing about 2 years ago as found myself in the same place you are in.. trying to make it work in our expensive area.

@Paul Stewart I was looking in Brooklyn , Queens , Bronx and even No in areas like Bayonne, jersey city , Newark.