- Miller Samuel Real Estate Appraisers & Consultants - http://www.millersamuel.com -

Flipping Out About East Brooklyn’s Gentrification

1-2015nymagflipinfogrph [1]
[click to expand]

This infographic was part of an epic must-read Andrew Rice piece for New York Magazine called: The Red Hot Rubble of East New York [2] which explores the gentrification frontier where investors and New York City’s efforts to create affordable housing are running headlong into each other.

As much as 10% of the property sales are flips and prices are up 150% over the past 2 years.