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

TRD New York /
Jan.January 31, 2018 11:30 AM

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.


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Michelle Williams and Tommy Kail and their Brooklyn Heights townhouse (Credit: Getty Images, Google Maps)

Michelle Williams, Tommy Kail buy $10.8M home in Brooklyn Heights

136-18 Maple Avenue (Credit: Google Maps)

Flushing real estate boom continues with another mixed-use project

Investment sale dollar volume in Brooklyn fell 30% in 2019, the biggest drop since the financial crisis. (Credit: iStock)

Brooklyn i-sales see biggest drop since financial crisis

45-10 19th Avenue in Long Island City (Credit: Google Maps)

Broadway Stages plans another Queens film studio

arrow_forward_ios
Loading...