<em>The Real Deal </em>quotes Stephen Lefkowitz on the falling value of air rights in New York City

The Real Deal quotes Stephen Lefkowitz on the falling value of air rights in New York City

The Real Deal quotes New York real estate partner Stephen Lefkowitz on the falling value of air rights in New York City. Lefkowitz says, "[p]eople assumed that the prices would continue to rise — but they lowered them, which is a sign that [the value of] development rights [as a whole are] going down."

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