While I do agree with the both of the answers below, I believe the agents forgot to mention that there are two new construction buildings, (101 Warren and 200 Chambers) that are on the southern part of Tribeca. 101 Warren is on top of a Whole Foods which does raise its value. The main reason you would want to purchase at the bottom part of Tribeca is because of the new Fulton street station that will be ready in 2014. By 2014 the new Freedom Towers and the Fulton street station will be up bringing the value of the property up by then dramatically. Knowing future information like this is crucial as I myself am a developer as well as a broker so a high capitalization rate is always a concern of mine!
Please let me know if you have any more questions!
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