Last Friday, I posted a 26-unit deal in Manhattan that is now being sold at Caprite 9. Up to the Corona, properties in Manhattan were trading at a cap rate ranging from 4.5 to a cap of 6.35. Each region in the United States has a so-called "trading cap rate." In the economic crisis of 2008 we saw cap rates reach a cap rate of 9 and up. Today, it was reported that in the last month there has been a significant increase in the purchase of apartments. This interest can teach a number of things.
1. First, real estate in the US is currently very fragile and therefore any transaction should be treated very conservatively. 13,000 apartments have been registered in Manhattan in the last month (we do not know the actual number as there are apartments that have not been registered for rent and those whose property owners cannot evict the tenant because of the corona).
2. Investment areas in democracies are less investor-friendly than in Republican countries.
3. There is negative migration from the big cities in favor of spare areas (on the other hand it is more difficult to obtain financing in such areas).
4. According to the pressure that can be seen in every television interview, it seems that Debalsio (the mayor of New York) and Como (the governor of the state) are trying to convince the wealthy New Yorkers who moved to the Hamptons, C / D Corolina and Florida, that it will take a long time for residents to decide Add back to Manhattan, add to that the fact that there are currently 41,000,000 SQFT (square feet) of jobs that will not be returned because of the Corona, and you'll find that Cap Wright 9 in Manhattan is not that attractive right now and that's just the beginning.
Last Friday, I posted a 26-unit deal in Manhattan that is now being sold in Caprite 9. Until the
