"Most of the value-add product still has a demonstrable gap to the newer product, allowing for these opportunities to invest in improvements,” says CBRE's Ted Abramson.
The new real property transfer tax called “NYC for All,” if enacted, would treat all residential transactions equally, regardless of how a home is purchased, by implementing a single progressive real property transfer tax that rises as the price of the property rises.
“The best way to make sure the deal is a win for all is for the city and the state to continue to invest in infrastructure and get Amazon to help make it happen,” the RPA states in the report entitled “3 Ways to Make the Amazon Deal Work for Our Region.”