Manhattan office towers cheaper than Jupiter Island Florida McMansions.
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Poast new message in this thread
Date: June 15th, 2024 3:02 AM Author: ..;.;:.;.;..:..;,;,;.
In April, a little-known firm, Yellowstone Real Estate Investments, paid $185 million for 1740 Broadway, a storied office tower near Columbus Circle in Manhattan. The investment giant Blackstone had paid $600 million for the building a decade earlier. And this week, two real estate firms snapped up a Midtown Manhattan tower for less than $50 million, according to Bloomberg.
https://www.nytimes.com/2024/06/12/business/distressed-office-buildings-buyers.html
How fucked is Earl?
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748561) |
Date: June 15th, 2024 3:26 AM Author: ,,, ,,, ;,, ; ,;,,; ,.,;,
it's amazing how completely De Blasio and the china virus completely fucked MFH
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748566) |
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Date: June 15th, 2024 10:16 AM
Author: ...........,........,,,,,,,,.,,,, ( Slava Russiya, Slava Kharkov )
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748926) |
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Date: June 15th, 2024 1:07 PM
Author: ........,,,,,,......,.,.,.,,,,,,,,,,
Economics don't work to convert to residential in like 95% of buildings.
It'll be interestin gif they start demolishing hte buildings - but my guess is that's expensive too.
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47749350) |
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Date: June 15th, 2024 4:03 AM Author: AZNgirl honoring Juneteenth by furking Birdshit
because of jews, they prob made more money off commercial real estate so overbuilt in US big cities
converting im sure costs a ton and its not viable for all buildings, in some cases it may be cheaper just to build a new tower. obviously if it was cost effective and jews cld profit they wld do it so if they arent there must be a reason. also if u have decaying downtowns or outright criminal hobo takeovers like in SF then u prob have worries abt promoting any converted place, who wants to live in downtown SF now?
and NIMBY and boomers prob precluded thru regulations and restrictions easily building loads of new housing whereas for commercial RE that wasnt as much an issue
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47748601)
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Date: June 15th, 2024 1:16 PM
Author: ........,,,,,,......,.,.,.,,,,,,,,,,
Nothing in the skyscraper is usable other than the skeleton. You'd need to completely re-do the interiors and the building systems.
Boston has a program where they basiclly are abating all the property taxes for anyone who does this and they've done like 2 of them.
My understanding is the rest of the buildngs just aren't a candidate for conversion.
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47749367) |
Date: June 15th, 2024 4:33 PM Author: invisible jewish fire, working in secret
Great thread
(http://www.autoadmit.com/thread.php?thread_id=5541119&forum_id=2#47749695)
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