{"id":1108,"date":"2016-10-11T00:09:53","date_gmt":"2016-10-11T00:09:53","guid":{"rendered":"http:\/\/lichtensteinre.com\/?p=1108"},"modified":"2017-02-28T05:26:34","modified_gmt":"2017-02-28T05:26:34","slug":"index-html","status":"publish","type":"post","link":"https:\/\/dev.lichtensteinre.com\/index-html\/","title":{"rendered":"Bronx: Perfectly Positioned For Commercial Real Estate Developers and Investors with 2016 35% Sales Growth Home Sales"},"content":{"rendered":"
\"Welcome<\/a>
Welcome to the Bronx. Well positioned for LichtensteinRE to help you buy and profit now for the future.<\/figcaption><\/figure>\n

Bronx: Perfectly Positioned For Commercial Real Estate Developers and Investors with 2016\u00a035% Sales Growth Home Sales\u00a0<\/strong><\/p>\n

The number of home sales in the\u00a0Bronx\u00a0soared in the first quarter of this year by +35 percent, far outpacing\u00a0Manhattan -2%,\u00a0Brooklyn\u00a0-4% and\u00a0Queens +6%.<\/p>\n

Source: Moving to the Bronx<\/h1>\n

By<\/strong>\u00a0<\/strong>C. J. HUGHES <\/strong>MAY 27, 2016<\/p>\n

http:\/\/www.nytimes.com\/2016\/05\/29\/realestate\/moving-to-the-bronx.html?_r=0<\/a><\/p>\n

 <\/p>\n

My name is Andrew Lichtenstein, Principal Broker of LichtensteinRE.com<\/p>\n

I have been selling commercial real estate including multifamily and mixed use investment properties as well as development sites in Bronx, Brooklyn and Manhattan since 1991.<\/p>\n

 <\/p>\n

I have seen a huge upsurge in demand from real estate developers who are priced out of Brooklyn who are not vying to buy and build in The Bronx.<\/p>\n

 <\/p>\n

I have several development sites that are not receiving multiple offers.<\/p>\n

 <\/p>\n

I see this as a great opportunity for sellers and buyers and developers to take advantage of current low interest rates and relatively cheap apartment rents that are only rising.<\/p>\n

 <\/p>\n

It just makes perfect sense.<\/p>\n

The average cost of land in the Bronx can be as dramatic as 10% of the cost compared to land in\u00a0 Manhattan, as little as 20% of the cost of land in Brooklyn, and 30% of the cost of land in Queens.<\/p>\n

 <\/p>\n

Bronx commercial real estate sales volumes in 2016 are poised to reach $2 Billion or nearly 34% greater sales volume than in 2015.<\/p>\n

 <\/p>\n

To top it off employment is growing nicely.<\/p>\n

 <\/p>\n

New York City’s unemployment rate fell to 5.1% in May\u00a02016<\/strong>\u00a0from 5.4% in April …\u00a0Bronx<\/strong>. 7.4%. 9.2%. Brooklyn. 5.5%. 7.2%.\u00a0Manhattan<\/strong>. 4.6%. 5.7%. Queens.<\/p>\n

Source: New York City Economic Development Corporation<\/p>\n

http:\/\/www.nycedc.com\/sites\/default\/files\/files\/economic-snapshot\/June%202016%20Economic%20Snapshot.pdf<\/a><\/p>\n

 <\/p>\n

I expect the current trend of demand to continue, which is a great sign for continued growth, development, returns and equity appreciation for property investors and developers in the Bronx.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bronx: Perfectly Positioned For Commercial Real Estate Developers and Investors with 2016\u00a035% Sales Growth Home Sales\u00a0 The number of home sales in the\u00a0Bronx\u00a0soared in the…<\/p>\n","protected":false},"author":1,"featured_media":1111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/posts\/1108"}],"collection":[{"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/comments?post=1108"}],"version-history":[{"count":6,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/posts\/1108\/revisions"}],"predecessor-version":[{"id":1138,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/posts\/1108\/revisions\/1138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/media\/1111"}],"wp:attachment":[{"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/media?parent=1108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/categories?post=1108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lichtensteinre.com\/wp-json\/wp\/v2\/tags?post=1108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}