chimchanley, Home Buyer in Brooklyn, NY

Hi, im a homeowner on Staten island but I would like to buy something in Bk as an investment property for around $150000 with about 80% down.

Asked by chimchanley, Brooklyn, NY Sat Jul 20, 2013

Help the community by answering this question:


Hi Chimchanley,

I would recommend buying a studio co-op in either Kensington or Ditmas Park. I anticipate these areas will give you a good return on your investment over the coming years. Both in terms of capital gains and rental increases. You will have to find a building that allows subletting though and very few allow immediate subletting. Most require that the owner live there for 1 to 2 years. If you need help finding a suitable property contact me and I'll be happy to help you.

Steven Shnayder
Dom Realty, Inc
(347) 598-8791
0 votes Thank Flag Link Wed Oct 30, 2013
Why not simply work with an agent of your own...
0 votes Thank Flag Link Mon Jul 22, 2013
Dear chimchanley:

There are plenty of properties you can find in Brooklyn for that type of money which could serve as good investments. Assuming an 80% down payment as you stated, I know several properties that could get you a positive cash flow. Feel free to contact me direct and we can talk about them. Either way, good luck!

Mitchell S. Feldman
Associate Broker
Fillmore Real Estate
(718) 252-2000
(917) 805-0783
0 votes Thank Flag Link Sun Jul 21, 2013

That amount of money might get you a 1 bedroom coop. Not much else.

Luke Constantino
Keller Williams Real Estate
9120 4th Avenue Brooklyn, NY 11209
Office: (718) 954 8400
Direct: (212) 300-3919
0 votes Thank Flag Link Sun Jul 21, 2013
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