From left: Danny Davis, Naomi Muramatsu, Sofia Song, Sean Turner and Karen Gastiaburo
From the March issue: If there’s one thing driving the Tribeca residential market right now, it may very well be the lack of a market. Indeed, brokers and market analysts say the neighborhood’s inventory, which is roughly 30 percent lower than it was at the peak, is influencing how almost all properties are being perceived and how quickly transactions are taking place. While even slightly overpriced apartments are still sitting on the market, when a property is priced right, particularly if it’s a two-bedroom or larger, it’s getting snapped up fast. One broker said, “Two-bedrooms up to $1.9 million are [typically] trading in under two weeks with multiple offers. [more]
