Monthly Archives: March 2011

New York City Real Estate Taxes & Forecasting Cash Flow

By James R. MacCrate, MAI, CRE, ASA  Introduction  The local real property tax burden in New York City has been increasing constantly and represents a large percentage of the operating expenses associated with apartment buildings, office properties and other commercial … Continue reading

Posted in Appraisal Process, Real Estate Investments, Real Property Tax Assessments | Tagged , ,

Consumer Confidence Down

With consumer confidence declining, the outlook for retail sales, excluding food and energy, will be affected.  This will be a drag on the demand for retail space. Newsday reported that “Along with increased gas and food prices, New Yorkers were uneasy about … Continue reading

Posted in Real Estate Market Analysis, Retail Stores | Tagged , ,