Chelsea/Flat Iron Two Bedroom Rental *NEW PRICE W/ VIDEO TOUR*

**PRICE REDUCTION W/ VIDEO TOUR**

CHELSEA TWO BEDROOM LOFT W/ WASHER & DRYER

Contact JAD Realty Group for showing times:

Jeffrey Ditri

mobile – 610.781.8417

jeffrey@jadrealtygroup.com

LOCATION: Chelsea / Flat Iron / West 27th Street VIDEO TOUR: Chelsea Two Bedroom DESCRIPTION: Well maintained, elevator building Fifth floor unit Separate kitchen including appliances and new cabinetry Modern bathroom, new fixtures Large living room featuring a dining alcove area Three storage closets High ceilings 12′ X 12′ bedrooms, can fit a queen size bed and extra furniture Both bedrooms have two large windows, southern exposure views New hardwood floors Washer and dryer in unit Recently renovated apartment Priced below market value Excellent Chelsea location; near all transportation, restaurants, Flat Iron, Midtown, Union Square, Herald Square, Soho, Penn station, and Grand Central Station TRANSPORTATION: LISTED RENT: $2,395 CONTACT: Name: Jeffrey Phone: 610.781.8417

**PRICE REDUCTION W/ VIDEO TOUR**

CHELSEA TWO BEDROOM LOFT W/ WASHER & DRYER

Contact JAD Realty Group for showing times:

Jeffrey Ditri

mobile – 610.781.8417

jeffrey@jadrealtygroup.com

Rental Recession (Podcast included)

As the recession takes its toll on all aspects of New York City life, one silver lining may be a drop in rental prices. Could this be a good time to search for a new apartment? And, a new option to renting an apartment may be emerging in Brooklyn – it’s called co-housing.

Listen to the whole show

Commercial vacancy rate rises to 10.2%

The commercial vacancy rate in Manhattan jumped to 10.2 percent in the fourth quarter this year, up from 7.12 percent in fourth-quarter 2007, according to Jones Lang LaSalle. It is the first time since the first quarter of 2004 that the vacancy rate has reached 10 percent, said James Delmonte, Jones Lang LaSalle’s research director. Manhattan’s inventory is at 424 million square feet, and starting next month, 11 Times Square’s 1.1 million square feet will be added to the market. Much of the fourth quarter’s increased vacancy comes from sublease space, which now accounts for more than one-third of the Class A Midtown market.

11 Times Square