Yes, Mehmet,

I ended up buying a 2 family foreclosure in Ridgewood from the bank and closed a few months ago. I think I got a good deal, so thanks for the good wishes, and I'll keep you in mind when I plan for my next purchase.

Have you bought any?
If no, please let me know
If yes, Good Luck!

Given the current state of the market, it would be wise to avoid paying a premium for properties in outlying neighborhoods. The patterns of gentrification tend to follow subway lines. Sunnyside's growth is spurred by development in LIC along the V,G,7 lines whereas Bushwick/Ridgewood is supported by the explosive growth in Williamsburg along the L,J,M,Z lines. While you may be able to currently achieve slightly higher rents in Sunnyside, the glut of vacant condos and luxury rentals in LIC will have to filled before Sunnyside begins to experience significant appreciation. Bushwick on the other hand is already home to the angsty artist demographic that is the hallmark of an up and coming neighborhood. It is the same group that transformed Soho and Williamsburg. Given the choice between the two I would highly recommend Bushwick/Ridgewood. Especially with a 2-3 family property, you will be able to avoid dealing with rent stabilization laws and can develop your property according the the free market. I hope this information has been helpful. If you'd like some assistance in locating an investment property please feel free to reach me at awong@rutenbergrealtyny.com Good luck with your search!