Hamptons landlords are lowering summer rental prices to bring in renters during the recession. A six-bedroom home on the beach in Noyac that was listed for $200,000 last summer is now asking $150,000. Brokers say less expensive places that have previously rented for $70,000 or $80,000 are now $10,000 cheaper. And with rental inventory up, renters are making offers 20 to 30 percent below asking prices, according to the Corcoran Group’s Susan Breitenbach.
|These were the 10 largest NYC developments to open in 2017|
|A developer’s nightmare: Officials move to stall towers planned for Two Bridges|
|Fortis wants $79M sellout for 25 BK condos|
|Apartment List raises $50M in Series C round|
|JPMorgan and partners are looking to sell DKNY’s Midtown office|
|These were the biggest Q4 deals in Brooklyn|
|The Long View: Is the real estate industry ready for an older New York?|