Stribling Brokerage Managers Featured in New York Observer's 2016 Residential Market Forecast

Posted by Morgan Halberg of New York Observer — January 22, 2016

1453493562NEW YORK CITY, NY - Stribling Brokerage Managers Rebecca Mason and Kenneth Scheff were featured in The New York Observer's article titled "It’s Going to be a Bumpy Ride: Industry Experts Weigh in on 2016 Residential Market."

Their comments on the New York City market were as follows:

Rebecca Mason, downtown brokerage manager, Stribling

“We are going to see much more limited inventory in 2016, and I think we are really going to see a separation from new development on the market versus resales on the market. I think we are going to see, perhaps, a return to the popularity of the co-op, not only for value—I see co-ops maybe coming back a little bit more than resale condos, [because] I think resale condos are not in an ideal position competing with new developments.”

 

Kenneth Scheff, uptown brokerage manager, Stribling

“A great place for people to be buying is the east, East Side. I think that the Second Avenue subway, scheduled to open December of 2016, is going to be huge for the eastern part of the Upper East Side. The thing about the Second Avenue subway that I think most people don’t understand is that it’s going to be a continuation of the Q train. I think it’ll have a tremendous impact. I’ve already noticed that on Second Avenue, a lot of storefronts are coming back, and leases. I think it’s a great time for people to be investing over there. We’ve been saying this for years now, but it really does look like the end is near.”

To read the full article, please visit observer.com/2016/01/its-going-to-be-a-bumpy-ride-industry-experts-weigh-in-on-2016-residential-market

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