93Worth - 56% rental

Started by fieldschester

over 9 years ago

Posts: 3525

Member since: Jul 2013

Discussion about 93 Worth at 93 Worth Street in Tribeca

http://www.bloomberg.com/news/articles/2016-03-10/manhattan-luxury-rental-prices-fall-as-condo-buyers-seek-tenants At 93 Worth, a new condo building in Tribeca, 56 percent of the units sold by the developer became rentals.

Response by CCL3

over 9 years ago

Posts: 430

Member since: Jul 2014

At the Halcyon, 55 of the 89 closed sales have been rented out or are currently listed as rentals.
http://streeteasy.com/building/halcyon-condominium#tab_building_detail=3

At 540 West, 57 of 110 units were rented or listed as rentals since closings:
http://streeteasy.com/building/540-west#tab_building_detail=3

At 135 West 52nd, 42 of 96 past sales were or are listed as rentals:
http://streeteasy.com/building/135-west-52-street-new_york

Ignored comment. Unhide

Response by 30yrs_RE_20_in_REO

over 9 years ago

Posts: 9882

Member since: Mar 2009

It will be interesting to see what happens if the market turns down. In the past in down markets lenders would not finance in buildings with low owner occupancy rates.

Ignored comment. Unhide

93Worth - 56% rental

Add Your Comment

Listings in this Building

Most popular

Listings in this Building