According to Property Shark, East New York is the #1 hottest neighborhood for growth in all of New York City! With a claim like that, there’s no surprise that New Yorkers are eyeing the area, which is poised for exponential growth in the coming years.
Joe Cruz, a pioneer in the NYC real estate market is placing his bets on the neighborhood by driving interest through new sales strategies. “Clients are beginning to venture into East New York in droves! It’s hard to ignore the strong growth trajectory, and I’m excited to do my part in helping it thrive”, proclaimed Mr. Cruz, who is the driving force behind The Cruz Group at Town Residential.
“The Cruz Group is proud to announce our newest multifamily to market, 716 New Lots Avenue, which has all of the characteristics that make East New York properties so attractive; a three family brick row house with a private garage, serene garden, and even with laundry in the basement for tenants. The reality is that it’s almost impossible to find properties with these features for under $1 Million in Brooklyn”, Mr. Cruz continued.
As far as the layout of the property, a duplex 1BR is positioned on the first floor, along with two 3 bedroom / 2 bathroom units on the 2nd and 3rd floors respectively. Priced well at just $795,000, 716 New Lots Avenue may only be on the market for short period of time, and following the sale of this property will be a major indicator of the health of the multifamily market in East New York as a whole.
Interested in seeing the property? The Cruz Group is having an open house this Saturday March 3rd from 2pm-3pm.
If you can’t make the open house, contact Joe Cruz at (917) 459-7681 to set up a private showing.