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Foolish me, I thought real estate prices were set by sellers and buyers. Rossmann with just an internet connection can determine what the pricing should be. He should stick to something he knows, Apple repair, leasing a few small spaces hardly makes one an expert on Manhattan commercial real estate.
For those kind of rents, can't you just buy a store in the suburbs and concentrate on mail order? Would be glad to see you join the exodus from the big cities to the I-65 corridor from Nashville TN to Huntsville AL. It is booming. But I would miss your entertaining videos of NYC. Thank you for your videos. You are showing me things I would otherwise never see.
Greetings from a teacher and retired CPA in Alabama.
How do the retailers expect to make all this money back if they r gonna charge 30k a month ?
Lmao wut
By the time you visit the place it will be a Popeye's.
Louis, what are your thoughts on Yang running for NYC mayor? My apologies if you mention it later in the video, asking this in the first few minutes.
New cars, clothes, food, gas, construction materials, taxes, basically everything is more expensive than before… Apple, for instance, would rather keep their inventory than give anyone a discount; BMW and such would do the same; maybe some perishables would sell at a discount to recover some money but the thing is that these properties won't lose their value and they rather have them empty than letting a tenant use them at a lower price so when he leaves, leaves you the remodeling bill. And just like the stock market, the economy will bounce back slowly…
I want whatever them realtors are smoking 🚬 😄😁😆😂
Time to take the tree down.
I don’t see a problem here. Everything seems fine! Gotta look at how they are seeing it.
If they get rid of all the shops and crash the local economy everyone will start paying less by shopping online. That would free up money for people to pay on rent so they can jack that up. It’s a long con
14:00 Of course that is an office, every apartment is an office right now.
Seems like they would rather price it to not sell and write off 100% of the loss, rather than price it reasonable and make a little profit… They should be reported to irs
Here in Athens,Greece the chinese are buying old buildings (60's,70's etc) because you get a European Union Golden Visa for 5 years you and your family if you buy property above 200.000€ in Greece.Same in Cyprus and Malta
$60,000/mo for a place that's about 65% my current shop …
"PROPERTY OVERVIEW
… accross from the New York City Public Library…"
Spelling is priceless at this rate.
Wake up homeboy, capitalism is the problem
For that price, in Serbia, you can buy really nice house.
Many Americans have moved to Serbia due to no Covid travel restrictions and direct flight from New York.
5-7 grand a month for 600 square feet? You could literally buy a trailer and set up some where for less. That's what I'd do. Find some cheap land somewhere close to New-York city, buy a trailer to put on it and turn that into your computer repair business. The only thing you'd maybe have to do is upgrade your circuit breaker. didn't you say most of your business is people shipping stuff to you? If so then there really is no downside. I would say cheap land inside NYC, but I doubt you'd find that. Maybe on the outskirts of the city?
Either way, if you got that kind of money to start a business, you could afford to set up somewhere outside of NYC. I'm just not sure who they are trying to entice with these prices.
Are we post covid already? I thought they just released a new version that we aren't even testing for yet. Or did I imagine that whole super contagious European strain stories they published?
6:56
Might be cartoonishly overpriced, but you get a sweet CRCT Television and a Retro VCR. ;)Hot damn, they know how to sweeten a deal or what?
Chinese laundry. Immigrants & clothes? No, inner-party officials & … funds.
because they printed too much dollars?
Crazy!
It seems like the deregulation and " fReE mArKeT " has gone off the rails……….
Bubble anyone
Non – retail companies: we must operate remotely
501 5th ave: 475 per square foot
The economic bubble isn't gonna just pop its gonna explode
I feel like these are tax write off prices.
They try to compensate for their loss by charging the customer more. We see in Mumbai as well. And it take quite a while since it all comes crashing down.
The TERMS!!!!
Louis you can display the monthly rent rate directly on that site by changing Display Rental Rate in the dropdown menu
Here is my prediction. In 2 years NYC will be crazy crowded again. These rents will look reasonable very soon. Tell me I am wrong 😑
bosch meters xD 🙈
alan probably having an aneurysm lol
These prices suggest the virus has gone away. The US is nowhere near post COVID19.
My guess is they list the prices higher so when it comes to bargaining they arent dropping as much.
What do you mean "After" covid?
New York gets what it deserves
are you married yet? get to it bruh. she seems nice.
I'd get out of there now it's just going to get worse
@LouisRossmann I've seen small 4 table cafes in Boston Massachusetts for sale for $4million dollars 💵 💵 💵