Friday, 15 November 2019

‘Thank God’ for techies: Silicon Valley execs ramp up NYC resi purchases

The news about New York’s luxury residential market has been grim lately — at least for developers and brokers. Sales volume is down. Inventory is piling up. And discounts are the norm. But brokers say there’s one group of buyers who have been eager to pull the trigger on deals: wealthy tech executives. And those buyers have, in some cases, been emboldened after their startups have been bought — and in the wake of a



source https://therealdeal.com/issues_articles/thank-god-for-techies/#new_tab

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