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Southern Bronx’s luxury property influx threatens a tight-knit community
Back in 2015, author and journalist Chike Frankie Edozien was looking to move from a Brooklyn rental to a permanent home that he and his partner could own. “We both have large families and needed a place with room for everyone,” says Edozien. After searching through the more affordable fringes of Brooklyn and Manhattan, Edozien turned to The Bronx. Although New York City’s northernmost borough hadn’t initially been on his radar, Edozien was able to find a home that met both his “wish list” and budget. “I wanted proximity to a park, easy access to a library and a nearby subway station,” he says. Nearly three years after beginning his…
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NYC luxury real estate market sees influx of Russian sellers liquidating fast ahead of possible US sanctions
FOX Business’ Madison Alworth stories on the city’s attempts on ‘Varney & Co.’ New York Metropolis real estate brokers have been inundated with Russian consumers on the lookout to privately promote off multimillion-greenback homes by so-referred to as “whisper listings” in a rush to liquidate property amid fears a lot more U.S. sanctions will appear against any person believed to be tied to Russian President Vladimir Putin. Dolly Lenz, a luxury true estate agent who’s been in the organization in New York City much more than 35 many years, explained to FOX Business enterprise her agency acquired phone calls from Russian clients on the lookout to probably “whisper listing” among…
