Exciting times, you never know what’s going to be next! February was packed with major events and since we like to focus on the positive, so let’s start there…
New York City real estate is off to a good start this year, much better than 2018 & 2019. There is less inventory on the market and people are still buy homes believe it or not! Purchasers have been able to take advantage of lower prices, finding deals, and trading up. Let’s see if the momentum continues.
Argo had a fantastic February in both sales and rentals. My highlight was a signed contract for an incredible new development in Brooklyn. Right now, we have two beautiful listings for rent in Greenwich Village & Gramercy Park.
In the news this month, key changes were made to the Tenant Protection Act, the developers of 200 Amsterdam were ordered to remove 20 floors from their new building, and SoftBank’s Fortress buys debt on the condo tower 125 Greenwich.
The Spotlight this month is on low interest rates. The lowest in history!
