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Re: Amazon ditching plans for NYC office

Posted by Fisk Ave Jim on Thu Feb 14 19:28:53 2019, in response to Re: Amazon ditching plans for NYC office, posted by BILLBKLYN on Thu Feb 14 12:46:11 2019.

Real estate prices in the area were going thru the roof. Local residents would have been priced out of the market. In LIC, the latest listing (Pre Amazon back out) were for one bedroom apts starting at $1 Mil. That would be a tad steep for locals to buy into once there non rent controlled/stableized leases were up.

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