• Dev site sales prices are finally dropping

    10 days ago - By The Real Deal New York

    Sales prices for New York City development sites are down 22 percent through the first half of 2017, according to a new report from Ackman-Ziff Real Estate. In 2016, transactions averaged $404 per buildable square foot, but that average is down to $314 through June of this year. The Bronx has posted the cheapest closings of any borough, with sales averaging $64 per square foot. Despite the drop in prices, it's so far an increasingly [...]
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