From the July issue: Kensington or the Upper East Side? Canary Wharf or Wall Street? Islington or Brooklyn Heights? The modern-day real estate rivalry between London and New York has been going strong for decades, but last month’s “Brexit” vote may have shaken up the game.
Even before Britain shocked the global markets and voted to break off from the European Union, Manhattan residential brokers and real estate lawyers were getting calls from international buyers looking to move investments to New York and away from London.
Midtown-based real estate attorney Petro Zinkovetsky received a phone call from a Russian client looking to do just that. [more]