Investing in Brooklyn property is a strategy our investor clients take to benefit from the better price value compared to Manhattan.
However, it depends on the area within Brooklyn. Certain neighborhoods in Brooklyn could be more expensive than Manhattan. Brooklyn is the most populous borough of New York City with 2.6 million people out of New York City’s 8.6 million. Brooklyn has developed a global reputation. It’s common to see kids in Asia wearing T-shirts or caps with “Brooklyn” on it. Brooklyn is mentioned in countless songs and is associated with character and coolness.
Read the full article here: Investing in Brooklyn property for asset diversification
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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