Name – Sushant Chaudhary 1) topic – rise in the residential market value of Williamsburg 2) My maket area is defined by people living in South of 5 th street to N 14 street , between metropolitan avenue and Bedford avenue. 3) My findings from this report were- 4) Due to Increase in the population suggests t, there will be a shortage of housing to meet the new demands , so therefore there is a scope for more residential development. 5) Due to very high prices in manhattan , williamsburgh is a good alternative option for people to stay ( while talking to some residents , some people work in manhattan and stay in Brooklyn) 6) Average Sales price for homes in Williamsburg have appreciated over 90.8% over the last 5 years , so Williamsburg provides a good platform for Real estate investors because of high rate of return on their investment. 7) Because of growth of the city over the last few years, some big retail giants like urban outfitters , diesel , whole foods have opened there stores in Williamsburg. Apple and Starbucks are rumored to open big retail stores near Bedford avenue.( Which would create more jobs in the city ) 8) One thing which I realized in my report most of the people in williamsburgh live in rented apartments because of the low income level which makes it difficult to purchase a home . 9)
1) topic rise in the residential market value of Williamsburg2)
My maket area is defined by people living in South of 5 th street
to N 14 street , between metropolitan avenue and Bedford avenue.3)
My findings from this report were-
4) Due to Increase in the population suggests t, there will be a
shortage of housing to meet the new demands , so therefore there is
a scope for more residential development.
5) Due to very high prices in manhattan , williamsburgh is a
good alternative option for people to stay ( while talking to some
residents , some people work in manhattan and stay in Brooklyn)6)
Average Sales price for homes in Williamsburg have appreciated over
90.8% over the last 5 years , so Williamsburg provides a good
platform for Real estate investors because of high rate of return
on their investment.7) Because of growth of the city over the last
few years, some big retail giants like urban outfitters , diesel ,
whole foods have opened there stores in Williamsburg. Apple and
Starbucks are rumored to open big retail stores near Bedford
avenue.( Which would create more jobs in the city )8) One thing
which I realized in my report most of the people in williamsburgh
live in rented apartments because of the low income level which
makes it difficult to purchase a home .9)
