Effect on LIC
Started by babsie02
over 17 years ago
Posts: 139
Member since: Mar 2008
Discussion about
What buildings will continue to have value if the RE market drops dramatically?
uhoh
I don't know if there are really any "standouts" that represent clear quality, like a 5th ave co-op. I think you are talking about a LOT of new inventory, and a very transitional neighborhood, so I think that there isn't a lot of safe ground. Maybe the older buildings, just because they have folks who bought a longer time ago. But I still think you are talking about a neighborhood that gets hit worse than average.
But they're getting a new Duane Reade!
I think both the Avalon buildings will do OK.
you know what they say - once you get a starbucks, you're all set ...
TheFed......HA HA HA!!
Think location, location, location. Nice buildings close to subway (10-50 Jackson, 10-63 Jackson, etc.) or anything on the water/west of Vernon.