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NYC’s housing market slowdown turns sellers to renters – Robert Khodadadian

When Devin Someck, a principal at Living New York, started receiving unsolicited offers to rent unit 4B at 204 Montrose in Williamsburg, he and the seller decided to test the market. They listed it for rent at a number higher than it had previously achieved: $3,500 per month. The unit drew multiple offers within the first day of showings and ended up signing a lease at $4,050 per month, making the owner’s cash-on-cash return almost

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Rental Market The Real Deal New York Read More

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