Dear Friends and Friends of Friends -
There's an interesting first analysis in The Real Deal on the impact Britain's vote to exit the European Union (BREXIT) will have on New York and our real estate markets. Mortgage interest rates, already at historically low levels, have gone even lower with this vote. London no longer being a capitol of world commerce is expected to benefit our commercial real estate -- office buildings, multi-family buildings and high-end retail -- and our relative stability in comparison to theirs is expected to attract foreign wealth looking at NYC investment properties and other real estate as a wealth preservation asset. The one caveat, of course, being concern about whether BREXIT eventually leads to a global recession.
Assuming you agree life is best lived as though catastrophe will be avoided, now might be an even more opportune time to further consider owning a piece of Planet Capitol. Please call me - 917 538 4516 - with any questions or for a general discussion of opportunity here. Also, here's a beautiful two-bedroom, 1.5 bath coop with a new, enlarged kitchen, high ceilings, crown moldings, and a usable balcony in the rebounding Upper East Side you may wish to consider.
Enjoy our NYC summer -
Jay Molishever
Licensed Associate Real Estate Broker
Jay Molishever
Associate Broker - Platinum Award
387 Park Avenue South
4th Floor
New York, NY 10016

Real estate agents affiliated with Citi Habitats are independent contractor sales associates and are not employees of Citi Habitats. Citi Habitats is a licensed real estate broker located at 387 Park Avenue South, NY, NY 10016. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Citi Habitats makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Citi Habitats advises you to hire a qualified architect or engineer. This is not intended to solicit property already listed. Equal Housing Opportunity.