I wonder who is trying to depress the real estate in order to buy it up?
I think that is what is going on. Make the buildings too expensive to hold onto so they can be sold at a discount.
Mamdani (obviously) is the wild card here. He could throw so many taxes and fees on commercial real estate that even cheap buildings will become expensive.
And like with every other communist, Mamdani will give no thought to the long-term consequences of his actions.
You think they are depressed now. Wait for this communist to start after he gets elected.
Wow. What an interesting thought. There are a number of Jewish families that own a lot of real estate. Much of what I know is residential r.e. There is probably a lot of commercial property as well.