Rental discounts dropping in Battery Park City

Discounts are getting harder to come by in Battery Park City. Rental price drops in the neighborhood decreased by 14 percent year-on-year to 74 transactions, according to Platinum Properties‘ second quarter report. The decline is more pronounced on a quarter-to-quarter basis, with the number of discounts dropping by 77 percent over the first quarter. The dearth of discounts coincided with price growth in the neighborhood. During the quarter, the median rent in the area rose […]Home Page,Popular,Battery Park City,NYC Rental Market,Residential Real Estate