May 16, 2018

South Brooklyn real estate is no get-rich-quick scheme, panel says

The Real Deal

Demand for South Brooklyn real estate may be heating up, but it’s not a place where investors should go if they’re looking to double their money right away.

“If you want to get rich in real estate tomorrow, I wouldn’t suggest you go buy in South Brooklyn,” Jason Muss, principal of Muss Development, said at a panel on Wednesday. “But if you want to own solid properties that will be filled up by good tenants, and something that will gradually increase in value, I think that’s the kind of market South Brooklyn is.”

Muss was joined by Hello Living founder Eli Karp and Shamco Management partner Edward Setton on TerraCRG’s first panel focused on South Brooklyn at its annual Only Brooklyn event.

Read more here.