Tag: Furman Center for Real Estate

December 19, 2008 / / Housing

A week ago, I received an email about a vacant industrial warehouse on 46th Street in Sunset Park that recently sold for $1,100,000. Each of the 4,900 square feet came to $225. I wondered why a bare bones property like this would cost so much, but somewhere out there a landlord was probably excited that it cost so little.

This is the landlord-tenant language divide.