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So, a lot of gnashing of teeth, plenty of concerns in the real estate community have all come to a halt; the L train, which we expected to shut down for 18 months or likely longer, now will remain open, mostly, except for when it is shut down. So, overnights, weekends. I’m guessing that peopleRead more

Second Avenue Subway Is Really Opening! This is a follow-up on what I had written earlier in the year about the L train, along with some new thoughts on the Second Avenue Subway. If you’ve not been on the East Side in the last couple of months, the future really is almost here. The subwayRead more

I spent a few weekends this past winter heading out to Bushwick, Bed Stuy, Stuyvesant Heights trying to understand the investment upside. I was seeing townhouses with asking prices of $1-2mm, all renovated, with promised returns of 5-6%. That is, a net return of $50,000-60,000 per year on a purchase price of roughly $1,000,000. Typical,Read more