Spring is now behind us and left with a confirmation of the 1st Quarter trends showing a cooling Manhattan Market with high level of prices and a growing Brooklyn Market where New Developments are picking up the slack of slower co-op and condo resale.
In this Q2 2016 Newsletter, I’ll introduce the concepts of tax abatement and Mandatory Inclusionary Housing (MIH) to show how vital they are to maintain diversity in Manhattan’s population.
Also, you may have noticed a massive tower on the Far West Side of Manhattan at the end of the High Line Park. That’s the first tower of the Mega Project Hudson Yards on which I’ll give you an update following my recent meeting with The Related CEO.
Finally, if Brooklyn is on your eye sight, this short overview of the New Development market landscape could help manage some of your expectations if you decide to take the leap across the Hudson River…and even if you already did.
I also wanted to thank you for your support and trust in contributing to me making it into the Top 2% of the 47,000 agents of the NRT network nationwide.
A bientôt!