While politicians decry the loss of 25,000 jobs Amazon would have brought to NYC, real estate agents say the area will be fine without it.
Ask a New York City real estate agent how they feel about Amazon's reversed plans to bring its second headquarters to the area and they will have some pointed words.
"Once you read that, you have to advise your clients that this is certainly not a done deal," said Patrick W. Smith, a local real estate agent with The Corcoran Group who has been tracking Long Island City real estate for years. Now, the experts say, prices will continue to go up, but it just might take a bit longer to reach the heights to which Amazon would have accelerated.Amazon was in and out of New York so quickly that several agents said there was hardly time for the housing market to feel its effect.
"My perception is that we got a discount off of asking price and we got some sweeteners in things like closing costs," Hirshfield said."We feel that once Amazon announced … those discounts and benefits would have evaporated."Buyers searching for space in Long Island City felt pressure to lock in quickly once Amazon's move seemed imminent.
Jose Arriola, on the other hand, was looking for a property where his budding family could grow, having spent five years in Long Island City already.
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