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Updated about 5 years ago, 09/23/2019
Sell or wait out interest rate reaction?
I need to hear everyone's thoughts. I own a 4plex in downtown manhattan. Two commercial tenants, two residential. One of the commercial tenants is a gnc store (45% building's income) and who knows how much life they have left in themselves before a chapter 11. Because I have a history with rent stabilization, I'm down a cool million plus in value. It sucks, but less than a lot of other owners. I have several offers on the place with a 500k range from lowest to highest. Now interest rates have dropped. Usually ludicrous spending occurs when rates are lowered In NYC What are everyone's thoughts? Get out now or see if cheap money has an effect?