(NY Daily News) – The only safer investment than gold might be New York real estate. Through even the recession, local home prices in most Manhattan neighborhoods and some borough corners have seen steady increases. Smart buyers make money by investing in smart neighborhoods. Recently, hedge funds, national real estate investment trusts, foreign investors and stock market players have swung their money over to New York City properties. According to experts, it’s a good move.… FULL STORY
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By Lauren Elkies and Adam Fusfeld (The Real Deal) Fred Gehring, CEO at , has closed on the purchase of a 2,592-square-foot condominium unit at 41 Bond Street. Gehring bought unit 7 from the developer, DDG Partners, for $7.07 million, in a deal that closed Dec. 13, according to public records filed with the city yesterday. The floor-through three-bedroom, 3.5-bath home with private outdoor space and custom-designed fireplace is one of seven in the nine-story… FULL STORY