NEW YORK CITY—A new Brooklyn CAP and GRM report is available from GFI Realty, and the firm says it demonstrates the resilience of the New York real estate investment market.
“During one of the most tumultuous economic time periods, Crown Heights has demonstrated a tremendous amount of growth and appreciation, making it an ideal area to represent the meteoric rise of certain neighborhoods in Brooklyn, said GFI president Michael Weiser. “In contrast, there are other areas, such as Flatbush, that were comparably stable during the same time period.”
The report provides a comprehensive look at the relationship between the fluctuations in CAP rates and GRMs in Brooklyn from 2007 to 2014. It also puts the Brooklyn picture into its context of the rest of the city.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
