Sunset Park, Brooklyn (Neighborhood)

 

(Typical housing in Sunset Park)

             As of right now 2021, a two family house in Sunset Park would easily cost over $2 million. Dating back in 2000, houses were at an affordable price. With the economy being unstable, many local residents hesitated on investing on real estate. Since people are afraid to invest on most of their savings on real estate because people were unsure about that neighborhood, when there’s only less than a handful of business in this neighborhood. While investors who took risk and see the potential 8th Avenue has to offer, they’re now few millions richer. Also one of the main reasons why real estate has increased drastically, is due to the popularity in 8th Avenue if Sunset Park. As mentioned earlier, two decades ago. Residents who lives in Sunset Park have accessible to public transportation, markets, public school and housing. All those are key component to an ideal neighborhood.