05 November 2008

If You Can't Make It There, YOu Can't Make it Anywhere

Because New York City commercial property sales are collapsing, and those sales that are made are being done by
companies leaving Manhattan for Brooklyn in order to save costs.

And while we are at it, we have a hollow condo in Brooklyn, One Brooklyn Bridge Park, which is still 2/3 empty.

If you cannot make money in real estate in New York, you cannot make money in real estate anywhere.

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