^ how to bait a female into Central Park
Digestible Real Estate News
We’re keeping this up from last month to do a bit more for those genuinely interested in New York real estate, not just food porn, and give my LinkedIn designation a little luster. Taking a note from the easy to absorb nuggets of information in MarketSnacks‘ newsletter (blanketed with this unshakable food theme), here’s your RealEstateSnacks so I can make this newsletter tax deductible.
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YIMBY released an interesting article discussing how Bodegas are integral to the continued success of New York Real Estate. Even though my accountant has confirmed the majority of my spending every year is at my corner bodega, online retail outpaces brick and mortar stores yet these spots fill a beneficial niche to neighborhoods and are integral to their sustainability. While this article is a slight stretch, it highlights that faults of prohibitive zoning measures and the long-term impact this may have on small businesses and unique neighborhood personality.
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As most cities in the United States anxiously await the declaration of Amazon’s HQ2, the reality of that landing in Brooklyn is quite real and could irreversibly shape the borough and not just from a real estate market perspective. Amazon is seeking 8 million square feet and Brooklyn has designated spaces in countless neighborhoods that could fit the bill. The impact of this would be astronomical on so many levels; considering the influence on the real estate market, you can bet that Brooklyn prices for rentals, sales and commercial would further ignite.
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In the spirit of Halloween next week, New York is a unsurprisingly heavily haunted city, with a lot of places that you wouldn’t guess had some ghouls and ghosts galavanting around. From unassuming Soho buildings to iconic landmarks, this city is fraught with downright spookiness – fun fact: an estimated 20,000 bodies are buried under Washington Square Park. WILD.
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As with the new York market cycle, every fall brings an influx of sale inventory. This autumn, over 40 new developments are slated to hit the market. From starchitect-designed buildings, to heavily anticipated megaprojects, to under-the-radar outer-borough “affordable” rentals, take a breeze through these new kids on the block.