If you drive around the subway stations around 6/7pm you will find that the neighborhood demographic is changing as you will see the people commuting back from work which is one of the reasons rents are going up as well as new buildings, mixed use buildings and many gut renovations which is reshaping the neighborhood every year.

Obviously, stay away from problem housing complexes and various homeless shelters strewn out all over and try to get closer to the Subway, particularly the A-Train at Nostrand.Unfortunately, most of those properties will be hitting the $2 Million mark for a 3 Family.I also want to point out that no matter which year of my 2 decades of Investing here in Brooklyn, I have been told by MANY Investors that NYC is too EXPENSIVE.

I laid out the travertine subway tile and mosaics in the pattern that the homeowner and I decided and purchased for(brick pattern with 2 rows of  accent, mosaics entirely behind the stove and the gap from the sink to the sill). 

The results can be seen in the pictures below and final numbers at the end.Sheetrock work and then painting in the den and refinished the pine floors under the nasty pink carpet.Tore out siding on the porch and added sheetrock, installed new fan and light fixture, painted, closed in a window that looked from a bedroom onto the enclosed porch...Managed to save the cabinets, added granite and stainless appliances.Refinished the tub, kept the original floor and redid the subway tile in the original bathroom.Added this closet in the master, refinished the floors after ripping out purple carpet in here, painted walls, sanded and painted woodwork and added the fan.A laundry room no more, added this great bathroom onto the master bedroom.  5ft double vanity with granite top, toilet, free standing tub and custom shower.After having 5 tile contractors no show, either for the bid or after I had given them the job, I used a stock fiberglass shower pan from Lowe's and tiled the walls around it to avoid any more delays. 

We also redid the cement in the backyard and added walkways, new sod, new water heater, new garage, new windows and doors, LED recessed lighting throughout, new carpet, drywalled the garage and epoxy'd the garage floor, and as an added bonus to the homeowners; purchased a brand new samsung washing machine and dryer.Purchase price: $510kRehab: $115k (Includes labor, finishes, taxes, insurance, utilities, etc...)Commissions: 2.5% = $18,750Sold for $750kProfit: $106,250BEFOREAFTERWe added the subway tile after a couple days because they weren't installed yet during the professional pictures.

Not far from the subway, you can walk to everything.

Besides my RE biz I also own 8 Subway restaurants.Financing: The lender is going to want hard assets as collateral and not just fixtures, equipment, etc.

I've been renovating the baths with classic subway tile all around the bathroom.  

I explained that I wanted subway tile backsplash in the kitchen.

Replace the handles with cups, as shown, and the do a subway tile backsplash.