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A $30,000 Rental Property in Brooklyn, Pension Funds are Buying Houses, A New Recordfor the S&P 500

Martin Eiden | August 9, 2021

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New and Noteworthy

A $30,000 Rental In Brooklyn

A Brooklyn Heights townhouse rented for $30,000 a month on Friday, making it the priciest single-unit property the borough has seen since Miller Samuel began tracking these figures in 2008. The deal at 149 Clinton Street was handled by Compass listing agents who originally intended to sell the property for $11M but received few inquiries. (Full Story)

Pension Funds Are Buying Houses

From individuals with smartphones and a few thousand dollars to pensions and private-equity firms with billions, yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. (Full Story)

A New Record for the S&P 500

The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures. The broad equity benchmark climbed nearly 0.5% to a record closing high of 4,239.18. The S&P 500 also hit an intraday record of 4,249.74, overtaking its May 7 high after the market traded sideways for a month.

(Full Story)

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255 W 84th #GRC

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47-55 39th Place, Unit 2E Sunnyside 1 Bed \| 1 Bath Open: 6/13 10:30am - 11:30am	431 West 54th Street, Unit 4D Hell's Kitchen Alcove \| 1 Bath Open: 6/13 11:30am - 12:30pm
215 West 88th Street, Unit 3A Upper West Side 1 Bed \| 1 Bath Open: 6/13 1:00pm - 2:30pm	255 West 84th Street, Unit GRC Upper West Side 1 Bed \| 1 Bath

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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A $30,000 Rental Property in Brooklyn, Pension Funds are Buying Houses, A New Recordfor the S&P 500

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