April 21, 2016

East New York and Bed-Stuy Lead Brooklyn in House Flipping, Report Says

East New York and Bedford-Stuyvesant had more houses flipped than any other area in Brooklyn in 2015, according to a new report.

Before selling, owners should know the value of their building, said Matt Cosentino, vice president of investment sales for brokerage firm TerraCRG. The market is changing quickly in Brooklyn, he said, and if homeowners are unaware of what their property is worth, they’re “basically leaving a lot of money on the table” once their homes are flipped.

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