'Excessive' Demand Buoys Rental Apartment Market (The New York Sun)
Story date: 2008-05-21 08:49:12
Added on: 2008-05-21 21:08:15
Despite the cloudy economic forecast and the nearly 80% drop in investment sales of commercial office properties in the first quarter of 2008, industry leaders are bullish on the value of residential rental apartments in New York City and nearby New Jersey. "Multi-family residential rental apartment buildings in New York City with values under $50 million are not coming down in price," the ...
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