Condo Market: You Can't Handle the Truth!
Summary: Brownstoner published this article on May 8, 2008, and the EveryBlock system found it to be geographically relevant to Fifth Avenue and 58th Street in New York. Below, you can read the article excerpt that mentions the given location and follow the link to read the full article.
News article details
"As transaction volume dries up, and liquidity remains nonexistent, property values will fall, and banks will begin foreclosures," say Kevin Comer, the president of Beck Street Capital. "The kid gloves will come off, and it won't matter if you own property at Fifth Avenue and 58th Street or Williamsburg, the banks will be brutal as they all struggle to survive and avoid Bear Stearns fate. The busted condo deals will be the first to fall given their short term financing." Read the full article at the original source (Brownstoner)…
| Location | Fifth Avenue and 58th Street |
|---|---|
| Publication date | May 8, 2008 |
| Source | Brownstoner |
Added to EveryBlock on May 8, 2008.