Real estate attorney superstars Pierre Debbas and Jonathan Helfer of Romer Debbas, LLP sit down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the NYC real estate market today. Pierre and Jonathan see a tremendous amount of deal flow ranging from plain vanilla coops to ultra-luxury condos, so they have real-time insight into the state of the market, negotiability, and concessions, as was as what's motivating buyers, sellers, and developers these days. They are two of the best!
Highlights:
0:58 - State of the market
4:59 - Negotiability and concessions
8:31 - Buyer fears vs urgency
9:51 - High end doing ok
11:42 - Attorneys as colleagues, not competitors
12:49 - Contract turnaround time these days
13:34 - Financing contingencies and multiple offers situations?
14:30 - New devs and closing thoughts
Pierre's page at Romer Debbas
https://www.romerdebbas.com/staff/pierre-e-debbas/
Jonathan's page at Romer Debbas
https://www.romerdebbas.com/staff/jonathan-helfer/
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