For those of you who want a dose of reality downtown

Here's a dose of reality for those of you downtown that have an interest in real estate -- for renters, buyers and sellers.

Robert Agee

Lic. Assoc. RE Broker

Quatrone Realty

52A West 8th Street, 2nd Floor 

New York, NY 10011

212-598-4888

Robert@quatrone.com

917-721-2442 (M)

State of the Manhattan Residential Real Estate Market

 

"The brutal truth."

  1. As you probably know the Manhattan sales market and the rental market has been declining in units and dollarsfor the last three years.
  2. This is a general observation not an in-depth investigation. What I want to leave you with is how buyers and sellers generally operate in markets like this. Both buyers and sellers become cautious and want to be sure they are getting the very best price.
  3. Because of this, properties sell or rent only for a compelling reason and that is usually because of an unusual, unique property or a compelling price change. If you are a seller and your property is not uniquely attractive you really need to drop the price or wait for the market to change. It always does. The only question is when.

 

 

For more information, please contact: Robert Agee, Lic. Assoc. R E Broker, at Quatrone Realty 52A West 8th Street, 2nd FlooNew York, NY 10011 212-598-4888 robert@quatrone.com 917-721-2442 (M)

 

 

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