Rents are at an all-time high in New York City’s Brooklyn and Manhattan boroughs and mortgage rates have plummeted to an all-time low. Some top real estate firms in the city are pointing out that renters have a shot at owning their own piece NYC at less than the monthly cost of renting. Joseph Cohen and Jody Kriss, co-founders of the real estate firm East River Partners (ERP), have identified an opportunity for [PR.com]
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