Is NYC Up For Sale?
By Luke Constantino, Residential/Commercial Real Estate Brooklyn NY
(Brooklyn/Manhattan Real Estate)
Luke Constantino| August 1, 2009 Everyone here knows about the large stores lie Virgin Records and Circuit City closing their doors here, but it's more than you think. There have been more stores and avenues empty than I have ever seen ever in NYC. A lot of specialty and gourmet shops have closed in the past year. On some residential blocks you can see 3-6 "For Sale" signs on houses, especially in the Queens and Staten Island area. They say "It's the Perfect Time to Buy" with the low prices, large inventory, low mortgage rates and the ever so popular 8,000 tax credit from the government. The majority of people are not doing that well or are afraid. There are people taking advantage of this market, true but not as many as there should be. Who are the people who are buying in NYC right no...
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