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Article: Manhattan building sales see 15 percent appreciation. (Manhattan, New York, New York)(Supplement: Annual Review and Forecast, section 1)
- Article from:
- Real Estate Weekly
- Article date:
- January 28, 1998
- Author:
CopyrightCOPYRIGHT 1998 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New York City land and building prices are continuing their upward surge for the fourth straight year, according to Massey Knakal Realty Services' year-end report. According our study of over 30,000 Manhattan buildings, overall prices rose another 15 percent in 1997 from the prior year, while sales volume (the actual number of properties sold) saw a dramatic increase as the effects of a Federal Capital Gains Reduction and the elimination of New York State "Cuomo" Property Gains Tax gave long-term owners a reason to sell.
Property Types and Prices
The firm broke down sales into five product groups: Residences (one- to three-family); Multiple Dwelling (three or ...
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Article: HERMAN'S ANNOUNCES PLANS FOR 50,000-SQUARE-FOOT ...
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... ... open a 50,000-square-foot sports emporium ... Entertainment Complex on New York City's Hudson ... shop -- 4,000-square-foot Reebok footwear ... shop -- 1,500-square-foot Speedo apparel shop -- New York's largest selection ...
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