Happy New Year buyers! At the moment, it appears that we have started the year with low inventory. There are a few new cooperative listings, but we are lacking in 1 bedroom inventory under 800k for condominiums. We shall see how this adjusts as the year goes on.
The world of retail is certainly interesting. The various stores add to the cultural landscape of any locale. We hardly think of the cost that goes along with being able to have a little shop. Retail in New York City is very expensive. With current rates for loans, some business owners with a strong establishment opt to simply buy the space, instead of paying the astronomical rents per square foot.
Manhattan Life Real Estate LLC