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What iis the range of cap rates for residential Manhattan real estate?
2 comments
2 comments
And what do you think it should be?
The range sucks. You want a cap rate of at least 10%.
If you want cash flow Manhattan is not the place to maximize it. You're buying cachet and glam and impress your friends. That's worth more than money to some folks. I get that, I just am clear about my goals and they are different.
{Manhattan real estate agent.}