@Nicholas LaytonI have been investing in Brooklyn, NYC for 21 years.In the year 2000, I bought a 2 family for $140k with a Down Payment and Closing costs totaling $28k.The Rents and Expenses broke even but I lived for free.The CoC Return was 0%.Fast forward to today, the rents for the 2 apts increased from $500 per month each to almost $2,000 per month after 18 years.Because I used a fixed rate mortgage at the time, my monthly expenses increased MUCH less than the Rents did, raising my cash flow.Today, that property would have cashed flowed around $2.5k per month or $30k per year.If I used CoC Return as a metric 18 years later, my CoC Return would be $30k / $28k Initial Investment or 107%.In markets like Brooklyn, NYC, what matters isn't the Current CoC Return, but the FUTURE CoC Return.This is EXACTLY why I use Internal Rates of Return (IRR).You cannot understand the Return on the Investments in Markets like Brooklyn with simple CoC Return Calculation.Instead, you need to understand the CoC Return GROWTH.Certainly not by coincidence, btw, the value of the property went up from $140k in 2000 to a current market value of over $1 Million.If you want to understand the IRR from real examples, you should read my past posts.

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.

Good luck with everything.Nik Parks I'm in Brooklyn and can totally relate to your struggle.

I get pre forclosure lists directly from deutsch bank which who my gf works for only in the brooklyn/queens are.

Hey BP,I just came back from a class regarding the MLS specifically in Brooklyn.

Hi BP Community,I am a real estate investor (newbie) looking to buy a multi-family building (2-4 units) in the NYC area including Brooklyn, Queens, Bronx or surrounding areas.

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

It's misleading if you don't consider immigration from other Countries and Population growth from birth.Look at all the Stroller neighborhoods in NYC, especially Park Slope, Brooklyn.

I own my primary residence here in the Allentown area but work in Brooklyn.

@Eric G.Things are very similar here in NYC.HOWEVER, the way I do things as @Nathan G. mentioned is to use the normal criteria of Employment and Credit Score Qualifications, and potentially other checks.So far, in the 21 years that I have been a Landlord in Brooklyn, NYC...