Northside Piers offering more buyer incentives
After cutting prices earlier this year, the Northside Piers
development on the Williamsburg waterfront is offering a summer special
where buyers will be covered for 12 months of mortgage payments,
common charges, and real estate taxes — essentially living free for a
year. The incentive is for buyers who purchase units before August 31. Northside
Piers also offers a 25-year tax abatement
which puts real estate taxes as low as $6 dollars a month. Qualified
buyers will be offered a “Borrower’s Protection Plan”, which is also
free for one year. Prices at the buildings start at around $350,000. [more]

From the May issue: Anecdotal metrics such as space inspections,
inquiries and offers indicated that commercial real estate activity was
up in the past month, compared to a near-standstill in December and
January, brokers said. But the number of leases signed remained low. “I
have seen more leasing activity in the last three weeks than I did in
the preceding three months,” David Hoffman, executive managing director
at full-service brokerage Colliers ABR, said in late April. But he
added, “It is not a very quick process. I can’t say in the last three
weeks we have signed a lot of leases.” Cory Abdo, a tenant
representative broker and executive vice president at Winoker Realty,
saw a similar trend. [more]