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Financial District - Still Going Down: how many free months ?

Started by FBC
almost 17 years ago
Posts: 1
Member since: Jan 2009
Discussion about
I have heard that several luxury (empty) buildings are now offering up to 3 months rent as they are desperately trying to fill in empty apartments. Any ideas of the deals you can get at the moment ? The financial district is likely to suffer the most; prices are still higher than in other areas of Manhattan because it's essentially luxury buildings offering a full range or services with high operating and maintenance costs. On a relative basis, it's one of the areas where rents have decreased the most with a substantial empty apartment inventory (e.g. 20 Pine street with nearly 60 offers for rentals !). I assume that to cover the fixed costs, landlords are ready to make an effort and would be interested in your experience
Response by hofo
almost 17 years ago
Posts: 453
Member since: Sep 2008

$3,000 a month for a 1 bedroom at 20 Pine, they are dreaming. Better start giving 6 months rent to fill it up.

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Response by mutombonyc
almost 17 years ago
Posts: 2468
Member since: Dec 2008
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