The Real Deal New York

The next frontier: Developers are zeroing in on these five outer borough neighborhoods

Investors are turning to new corners of the city to chase returns
By Steven Cirvello | January 31, 2018 11:30AM

It used to be that developers looking to make smart investment plays in New York City would throw up a building in Williamsburg, Long Island City or Bushwick and watch the buyers and renters flood in.

But those neighborhoods have now largely topped out, sending investors on the hunt for the next corner of the five boroughs that is ripe for opportunity.

Now, The Real Deal has zeroed in on outer borough areas that have seen upticks in activity in the last year or two. Check them out in the slideshow above, and be sure to read “Gentrification City” in The Real Deal’s January issue.