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FiDi is flooded with condos — and sales are tumbling

Sales in the Financial District may be getting dragged down with the rest of the market, but rentals in the neighborhood saw a big boost. In the fourth quarter, units rented in FiDi climbed 33 percent year over year to 527, according to Platinum Properties’ latest report. The uptick came as inventory climbed 4 percent and median rent dipped 4.4 percent. “Units rented in the Financial District dropped considerably quarter-over-quarter, but this can be attributed […]

The Real Deal New York

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