Month: April 2012

New Development Round-Up April

Very few units have hit the Spring market.  422 west 20th is one of them.  Nearly everything was in contract by the time the word spread; the west chelsea adherents snapped up the units quite quickly.   My feeling on the building was …

Mortgage Rates vs Rentals

Whether I’m speaking to a $3mm buyer, or a $500k buyer, some of the conversation is the same- mortgage rates are simply too low to pass up.  Even someone who can afford to pay cash is taking advantage of rates.  At a …

Is the Rent Too Darn High?

The question that many people will ask each other is “How’s business?”  Certainly anyone I speak to will want to know, “How’s the market?”  If I often deflect the question about a couple of thoughts or paragraphs, it’s just to be able …

NYC Employment Numbers Worth Reading

From an Email from the Real Estate Board of New York: Private sector employment in New York City rose by 65,200, or 2.0 percent, to 3,251,200 for the 12-month period ending February 2012.  Job growth occurred in professional and business services (+30,300), …