Mon 6 Nov 2006
Massey Knakal New York City Income Property Market Report is released
Posted by Jonathan J. Miller under Investors , Market Reports (US) , NYC Income Property , Soapbox Blog1 Comment
My commercial appraisal partner John Cicero of Miller Cicero has been busy lately. He just completed a new market report on New York City income properties. We are really excited about the results. Here’s what he has to say about it:
This week the first Massey Knakal New York City Income Property Market Report [pdf] was released. This is a first of its kind study that I researched and authored on behalf of Massey Knakal, one of the most active investment sales brokerage firms in New York.
Massey Knakal is excited about it too. They are distributing about 300,000 copies of it over the next several months.
Massey Knakal New York City Income Property Market Report [pdf]
Report Methodology [Miller Cicero]
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November 6th, 2006 at 11:58 am
To this amateur, the decrease in cap rates since ‘01 indicates investors are counting on appreciation, or the possibility of a condo conversion, and not income in the purchase decision.