Finance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)! Tax Revenues to grow to over $211 Billion due to new inventory by FY2017. Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested. Commercial property...
Read MoreRetail Property Transactions Volumes Increase by 11.8% Since the Start of 2015
February 17, 2016Average deal execution is down from 2014 Levels in 2015 but the sector continues to do well. 2014 saw significant blockbuster deals, which created a disproportioned market and unrealistic expectation in retail prices by...
Read MoreJ-51 Tax Abatement Stuy Town Ruling Sets Unfavorable Precedent for Landlords, Casts Cloud Upon Real Estate Market
November 15, 2011Earlier this month, a New York appeals court ruled that free-market tenants at Stuyvesant Town and Peter Cooper Village may be entitled to rent rebates in excess of $215 million as compensation for illegal rent...
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