October 1, 2017

Are Borough Park’s insular days numbered?

The Real Deal

Gentrification may be synonymous with Brooklyn at this point, but the seemingly unstoppable phenomenon has yet to overtake Borough Park.

Peter Matheos, an investment sales broker at TerraCRG, said that will soon change, pointing to the area’s many transportation options, which include the N and D trains, several bus routes and the nearby ferry at Industry City.

“Borough Park has the potential to be the next place for young professionals to live, work and play,” he said in a statement. “With continued development along the Sunset Park waterfront, the expansion of Maimonides Hospital and more plans for hotels [in the area], the immense job growth will create a demand for new, trendy residential options.”

Read more here.