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Market by Marty |
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New and Noteworthy |
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“Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40% Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500. He warned that stocks and long-term bonds could nosedive, and recommended short-term and inflation-indexed bonds, gold and other precious metals, and disaster-proof real estate as better bets. (Full Story) |
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Which Amenities Are Worth The Most To New York City Buyers? Among buyers under $2.5 million, in-unit laundry topped the list, and who could argue with paying extra for that? Buyers in the more expensive bracket, that’s who. According to the study, in-unit laundry added no measurable value for them. Buyers in the $2.5M+ category paid extra for things like a patio, hot tub, basketball court, or valet. (Full Story) |
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Streaming's Success Propels Real Estate Investment Hollywood has exploded far beyond Hollywood this year. Great Point Studios opened its $500M campus in Yonkers, the largest film facility in the Northeast. Netflix is the top bidder for a 300-acre property on the decommissioned Fort Monmouth Army base in Central New Jersey. Hackman raised $1.6B and has already bought Kaufman Astoria Studios in Queens. (Full Story) |
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Team News |
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Client Appreciation Event Next Week! |
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Join us for a luxurious evening where we will be sampling award winning olive oil from Olio Piro. Accompanied by hors d'oeuvres and wine. Our venue has been meticulously staged, styled, and designed by our very own Shawn Wilson of Soulful Staging and Design. Interested in attending? RSVP here. Clients only :) 200 Mercer Street, 1G Tuesday, Oct. 18th 6pm - 8pm |
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Our Properties |
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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info. |
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