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Commercial real estate potential appears strong in New York

Some commercial real estate experts recently expressed concern about the real estate market, specifically the leasing market in New York. They stated they were not feeling settled about the future absorption of space in Manhattan, for example, in spite of the currently strong commercial real estate market. However, data appear to indicate that the market is better off than what many real estate experts expected it to be.

Commercial real estate strip purchased for more than $6 million

A New York investor recently purchased a commercial property for more than $6 million. This Dongan Hills property was among the most expensive ones in the borough Staten Island, considering its size. However, the prices of many commercial real estate properties in the borough have skyrocketed, which may be a positive sign for investors in the Bronx and other parts of New York who are looking for promising investment opportunities.

Did the seller accept your offer on a house? What happens next?

Congratulations on your impending purchase! Buying a home of your own -- especially for the first time -- comes with a great deal of excitement. However, you might find yourself scratching your head, trying to figure out all of the steps that must take place before the seller hands over the keys to your new home. Understanding the process helps alleviate any anxiety or hesitation you might feel.