New York City property values will rise 1.44 percent in the new fiscal year, the smallest increase since 1998 when the market climbed a mere 1.35 percent, city finance officials said on Tuesday.
The value of commercial buildings, hotels, apartments and homes will climb to $807 billion from $796 billion last June, the city's Department of Finance added in a statement.
New York City's real estate market has been one of the nation's strongest; the current value is more than double the 1998 total of just under $300 billion.
Monday, January 21, 2008
New York City 2010
