Retail
When you start expanding the search to retail and service uses the number of spaces in Manhattan expands 31,322 buildings comprising 1 billion 712 million square feet with another 55 million square feet under construction.
Benefits of Ownership
Significant Savings.
Market Retail lease rates far exceed the annual retail and cooperative condominium carrying costs, which include common charges, real estate taxes and if applicable, mortgage payments.
Attractive Financing Costs
Interest rates remain very low, and borrowers can often find loans as high as 90% loan-to-value, including construction costs.
Permanent Upgrades
Building and furnishing an retail can be an expensive significant capital outlay. If you have to move or cannot renew those costs are lost. By owning you doing have to worry and these improvements add value to your real estate investment.
Stabilized Occupancy Costs
retail condominium and cooperative owners are insulated from the escalating and unpredictable costs market rents in retail space. Retail occupancy costs are stable and predictable,. Rental Retail tenants are subject to the fluctuations of the leasing market and whims of landlords.
Investors
investors seek. Stable, predictable investment vehicles such as income-producing retail condominium unit.
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