After Sandy last November, many financial firms moved out Wall Street.
That's the reason why more vancancies there, more investors want to sell and the price stays low.
On the opposite, midtown and upper town are increasing.
Licensed Real Estate Associate
Exit Realty Landmark
212-616-9888 ext 237
Pricing and timing is key to renting it quick. If you do not have an agent, you should hire one right away to avoid wasting any more time and money. There's only about four studio's for rent right now, not sure which one is yours and if it's even listed online.
We've done many sales and rental deals in this building. Please contact me for more information.
I am so sorry to hear that you are having trouble renting your unit at 55 Wall. I actually do a lot of business in that building. I sold unit 727 and have it as a rental property that I keep rented for my investor client. Unit 727 is a studio as well and I have had no problems renting it out. There are a few tips that I would be more than happy to share with you to get it rented.
For your convenience here is the link to the Rented apartment:
I would be more than happy to answer any of your questions.
917 612 2746
Olga Friedman, Esq.
Real estate attorney
A quick glance on the rental inventory in the building seems to indicate the studios (of which three are on market)- two have been on since late november and late december. Many post Sandy have moved out of the area (some tenants/owners/offices are not yet back even...). Likely a function of price and location for this submarket.
Are you working with a broker? I have a proven strategy that will keep it renting again and again. If you want to increase your cash flow while keeping the place rented let's talk about a win win marketing partnership!!
I look forward to your email or call.
Respect and Honor,