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New York

Knakal says low interest rates help small properties

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On the Massey Knakal blog, the Massey Knakal Reel, company Chairman Bob Knakal said the city’s small and mid-sized
properties are doing relatively well because of low interest rates.
Knakal said that the government is expected to cut the federal funds rate to a quarter of a point or zero, which “should have a positive
impact on credit availability as it will widen spreads even further,
making loans even more profitable for the lender.”