Although north Brooklyn neighborhoods are the focus of most of the
borough’s real estate investment hype, the southwest section is catching
The number of buildings sold
in that area extending from Sunset Park to Coney Island, including
Bensonhurst, increased about 40% between 2013 and 2014, according to
Adrian Mercado, the vice president for research at Massey Knakal Realty
Services. The southwest end also contributed to 25% of Brooklyn’s total
buildings sold, compared to 22% in northern Brooklyn, which includes
Williamsburg, Greenpoint and Bushwick.
“As Brooklyn has become a
stand-alone market, much in the way Manhattan is a stand-alone to New
York City, more investors have come to Brooklyn as a whole looking for
opportunity and yield,” Mercado said.