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Good Morning New York, Real Estate with Vince Rocco

Good Morning New York, Real Estate with Vince Rocco

Tuesday at 6 AM Pacific

October 10th 2017:What is a 421a tax abatement

When the 421a tax abatement expired in January 2016, the city’s investment-sales market had just wrapped up a banner year: $77 billion worth of commercial property traded hands – nearly 24 percent higher than the last market peak in 2007. Sure, buyers were upset that the price of land was getting out of hand and it was harder to make multifamily projects pencil out, but the city’s uber-luxury condo market – while showing cracks – hadn’t yet become unglued, and the rental market was still on the cusp of recognizing a glut of new supply. We will talk about this!

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https://www.voiceamerica.com/show/2311/good-morning-new-york-real-estate-with-vince-rocco 22/11/2017 05:00 22/11/2017 06:00 Good Morning New York, Real Estate with Vince Rocco https://www.voiceamerica.com/show/2311/good-morning-new-york-real-estate-with-vince-rocco When the 421a tax abatement expired in January 2016, the city’s investment-sales market had just wrapped up a banner year: $77 billion worth of commercial property traded hands – nearly 24 percent higher than the last market peak in 2007. Sure, buyers were upset that the price of land was getting out of hand and it was harder to make multifamily projects pencil out, but the city’s uber-luxury condo market – while showing cracks – hadn’t yet become unglued, and the rental market was still on the cusp of recognizing a glut of new supply. We will talk about this! VoiceAmerica | Talk Radio | Online Talk Radio studio@voiceamerica.com false DD/MM/YYYY Add to Calendar
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