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Market Conditions in 10021 : Real Estate Advice

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Activity 2
Fri May 3, 2013
Shanda King answered:
i have an client who has an lot 30x100 has an offer on it for 500,000 now she wants to know how much would it cost if she decided to put a 4 unit building on it
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Thu Apr 29, 2010
answered:
When prices started to drop elsewhere, Manhattan was still holding its own. It seemed to have begun to drop well after other areas. The metropolitan area has seen prices stabilize recently, and you may see the same happening in the city shortly. What you may not want to wait for, however, as a buyer, is for interest rates to rise. Now is still a great time to buy in terms of what you will ultimately pay monthly for a loan, assuming you are planning to take out one. If you would like to go over any scenarios with me so you can compare what you would pay now, vs. waiting for a decline in prices, I would be happy to go over it with you. ... more
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