Exact(1)
But what happened in 2012 was we saw apartment cap rates get too low in some of those markets — south of 5 percent — and so investors were looking to invest outside apartments and outside the gateway cities.
Similar(56)
ALBANY -- Gov. Andrew M. Cuomo and legislative leaders struck a tentative deal on Tuesday paving the way for a vote on issues that affect millions of New Yorkers -- renewing regulation of rent-regulated apartments, capping property taxes for homeowners and raising tuition at state universities -- but reached no agreement on whether to take a vote on legalizing same-sex marriage.
He is first seen huddled on a sofa in Clyde's comfortable apartment in cap, muffler, and overcoat.
He said the report's estimates of the number of apartments where caps would end were overstated, because the city generally issued balloon mortgages that were rarely repaid at the end of their 30-year terms.
That law capped apartment buildings at 19 stories but permitted extra floors if the building site was large enough and the tower portion occupied no more than 20percentt of the site.
He wore glasses and rarely left his apartment without a baseball cap or beanie and his clip-on, yellow-tinted shades.
Apartment buildings have been capped by ribbons of "ghosting," layers of bare brick or stucco parging where massive overhanging cornices once hung like beetled brows.
Apartments will be capped at 80m², the number of parking spaces will be limited, and the first floors of buildings will be used as commercial spaces.
Once we were inside his apartment, he took off his cap and got out his high school yearbook, along with a batch of photos.
Normally, the group would have gathered first at Mr. Koch's Greenwich Village apartment for the requisite banter, capped by the obligatory argument over where to go for lunch.
Slatin: At Real Capital Analytics, we're seeing average cap rates on apartments in the mid- to high-7% range, although volume is still more than 60% off of 2008 levels so that can skew the reading.
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