Current market value estimates are based on Chase home value est and recent comps from realtors/redfine/ recent sales in the same complex.All 3 apts are well maintained with great tenants and have been worked on to the T so unless something really crazy happens I do not anticipate major expenses in the next say 3 to 5 years.Where it says full reno it includes shower and kitchen and new floors and everything.Monthly breakdowns;Brooklyn NYC - 400sqft Studio in Zip 11206Purchase price 2013 - $170k (plus $20k Full reno Includes new inwall ac + new Lochinvar tank-less gas water heater install)Current market value est; around $300k (2 mins walk to subway and 10 minutes from Williamsburg)Rental income: $1600Expenses: $295 (25 year tax abatement and very low hoa)2.

Like @Mary Mitchell my vacancy rate in Brooklyn, NYC, is effectively ZERO.I have been owning rentals for 21 years, currently have almost 30 apts with about 70 tenants.I estimate that I probably lost around 5 months of actual rent in all of these years.The vacancy rates are so low, it is SUB-4%.Normally, I will get a 45 day notice from the tenant leaving.

Hi we have a 14 unit apartment building in Brooklyn, Due to rent stabilization the only way to make money seems to be to do a condo conversion then sell them.

My team & I are looking to host our first meetup at a new workspace in Brooklyn founded by one of our affiliates (read more about the space here https://www.blackenterprise.com/innovation-hub-creatives-brooklyn/).I’d like to get a gage on if there are any local BP members whom would be interested in attending or possibly even being a guest speaker.

I just saw your post.We have a small house available for short/medium term stays in Old Brooklyn in Cleveland. 

I'm dying to do it but I live in Brooklyn and it's extremely overpriced so I'm just investing out of state in Florida.

I have five detached garages on a 3 story corner property in Brooklyn.  

Russel,  I would love to invest in Brooklyn; however considering it's so pricey these days I'm a bit reluctant to make my first deal there. 

Hello All, I recently started a real estate brokerage in NYC (primarily Manhattan and Brooklyn). 

But when I compare this investment versus trying to house hack in an undesirable neighborhood of Brooklyn it seems like a no-brainer.