Prices in Bed-Stuy have risen so much in the past few years that investors hoping for a quick profit are now being forced to look elsewhere, as an increasingly large portion of the housing stock consists of renovated brownstones and rents have plateaued. "It seems like the Bed-Stuy market has topped out," said the president of GFI Realty Services. "Returns have come down tremendously. That ocean has been fished out." [NYDN]
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