Bedford-Stuyvesant’s DeKalb Avenue is slated for a major face-lift over the next few years, with 10 new residential buildings set to rise along a four block stretch.
“Most importantly, it’s really just opportunity,” said Matt Cosentino, Vice President of Investment Sales for Brooklyn brokerage TerraCRG. “There were a lot of empty lots and one-story warehouse buildings.”
“The whole neighborhood is filling in,” he said. “Basically developers are going where they can get big development sites where maybe two to three years ago they wouldn’t have gone to. And it doesn’t seem like renters or buyers have much of an issue following them.”
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