A rise in foreclosures and gloom about the economy could stop up-and-coming Brooklyn neighborhoods in their tracks. As the real estate market cools, fears grow that professionals will lose interest in such areas as Bedford-Stuyvesant, East New York and Brownsville.
“When there’s a pullback in the marketplace, the ‘newer’ neighborhoods are often harder hit,” said Frank Percesepe, Brooklyn VP for Corcoran.
These neighborhoods are among the top 10 Brooklyn areas with foreclosures, according to a 2006 list from NYU’s Furman Center for Real Estate and Urban Policy.
New York City 2010
