Monroe project is a 4 unit, high-end, new construction condominium in Bedford-Stuyvesant. Construction was finished in 2016 and the entire project was sold. Our investors enjoyed extremly high ROI on this investment, above our forecasts and budget.
The Neighborhood:
Bedford-Stuyvesant, also called Bed-Stuy, has a rich history and a vibrant, diverse culture. It is one of the most up-and-coming neighborhoods in Brooklyn, and in New York City in general.
It’s close proximity to Manhattan, Williamsburg and the luxurious Brooklyn Heights, makes it desirable for the residents from these neighborhoods to move to bed-stuy because of it’s comparable affordability to these neighborhoods.
It has experienced a massive numbers of real estate transaction in the past 3 years. This has caused an influential change in the demographics of the neighborhood. The massive demand for real estate in the neighborhood and the lack of supply, caused prices to go up (and still are).
Monroe street, Brooklyn, NY
