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Bringing Big-City Downtowns Back To Life, With Affordable Housing, S&P 500 Closes At New 2022 Low, As Apple Helms Broad Market Sell-Off, 2 WTC

Martin Eiden | September 29, 2022

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Market by Marty

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New and Noteworthy

Bringing Big-City Downtowns Back To Life, With Affordable Housing

As any New Yorker can easily remember, Midtown was once a bustling beehive of corporate activity and commerce. Then, the pandemic hit. The economic impact nationwide has been significant. Studies suggest that lower tenant demand could cut as much as $456B off the value of offices across the U.S. with nearly 10% of that drop happening in NYC.

(Full Story)

S&P 500 Closes At New 2022 Low, As Apple Helms Broad Market Sell-Off

Stocks resumed their 2022 sell-off on Thursday, sending the S&P 500 to a new low for the year, as fears swirled that a recession won’t stop the Federal Reserve from raising interest rates.

The sell-off was broad-based and was led by Apple, which tumbled as a major investment bank downgraded the one-time bear market outperformed.

(Full Story)

2 WTC

Still wondering if we are ever going to get the long awaited 2 World Trade Center? Or 5 WTC for that matter? The project was started in 2008 and has seen multiple redesigns, ownership changes, and construction delays. Watch this video to learn all about the missing pieces of the NYC skyline. Which design do you like most - diamonds, boxes, or tiered terraces? Let us know.

Team News

Client Appreciation Event

Join us for a luxurious evening where we will be sampling award winning olive oil from Olio Piro. Accompanied by hors d'oeuvres and wine.

Our venue has been meticulously staged, styled, and designed by our very own Shawn Wilson of Soulful Staging and Design. Sneak a peak here.

Interested in attending? RSVP here. Clients only :)

50 Bridge Street, #419

Tuesday, Oct. 18th

6pm - 8pm

Invite

Our Properties

825 Riverside Drive Washington Heights 9 Bed \| 3.5 Bath	357 West 29th Street, Unit B1 Chelsea 3 Bed \| 2 Bath
71 East 77th Street, Unit 9C Upper East Side 2 Bed \| 2 Bath	401 West 147th Street Hamilton Heights 7 Bed \| 5.5 Bath

227 Ocean Parkway, Unit D1

Kensington

Studio | 1 Bath

401 West 147th Street

Hamilton Heights

7 Bed | 5.5 Bath

See All Properties

We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info.

Martin Eiden Team

M: 917.701.8898
[email protected]

martineidenteam.com

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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Bringing Big-City Downtowns Back To Life, With Affordable Housing, S&P 500 Closes At New 2022 Low, As Apple Helms Broad Market Sell-Off, 2 WTC

Featured Blogs

The Ultimate Guide to NYC's Best Air-Conditioned Escapes in 2025

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US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

Work With Us

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Bringing Big-City Downtowns Back To Life, With Affordable Housing, S&P 500 Closes At New 2022 Low, As Apple Helms Broad Market Sell-Off, 2 WTC

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Featured Blogs

The Ultimate Guide to NYC's Best Air-Conditioned Escapes in 2025

4th of July in NYC: Where to Watch the Fireworks and Best Events to Attend, Upward Movement Despite Volatili…

US Economy Contracted Sharply To Start 2025 - Worse Than Previously Thought, Record Territory, Inflation Exp…

FARE Act, Late-Week Retreat, Where’s The Inflation From Tariffs? Just Wait, Economists Say.

DUMBO, Brooklyn: A Neighborhood That Blends Art, Tech, and Iconic Views

One Full Point, Slow and Steady, See The New $16.7M Pedestrian Oasis Next To Grand Central Terminal

Work With Us

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