The Real Deal New York

Will bigger bonuses mean bigger apartment sales?

With Wall Street bonuses growing, some say big ticket apartment sales will rise as well

From the February issue: Today’s Wall Streeters aren’t quite reveling in the “More, more, more, more, more, more is never enough” atmosphere depicted by the latest Hollywood take on their business, “The Wolf of Wall Street.” But given the well-established connection between Wall Street bonuses and real estate sales, the New York City real estate industry was paying close attention as banks and investment houses reported final results for 2013 — and started cutting bonus checks to reward their staffers. [more]