The Traderszone Network

Published in TZ Latest News 28 April, 2017 by The TZ Newswire Staff

“Stuck like Leon Black”: Top brokers caution against short-term bets on the new dev market

The buyers who rushed into the Manhattan luxury real estate market in the frothy days of 2014 and 2015 did so with the expectation that their apartments would rise in value. But some have woken up just two years later to find that they must stomach a loss to resell their units. So, what happens when buyer flip-flops? “When I got into this business, the sure bet was new development,” said broker Dolly Lenz, speaking […]

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