Manhattan's 10 Most Distressed Properties
Real estate investors are complaining that distressed opportunities in Manhattan have become much harder to find in recent months. Of the $29.9 billion in distressed assets identified in Manhattan after the financial crisis, 74 percent have been worked out, according to data from Real Capital Analytics. Just $3.3 billion in Manhattan assets went into distress in 2012, while $6.1 billion in distressed assets was worked out. However, there is still debt to be found in Manhattan. The borough’s 10 most distressed properties account for more than $4 billion in debt, according to data
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