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At its October meeting, the Federal Open Market Committee (FOMC) voted 10-2 to maintain the target range for the federal funds rate at 3.75% to 4.00%, with two members voting to raise rates by a quarter percentage point.
32-Unit New Construction Multifamily Elevator Property: 3187 Grand Concourse
NOV
2
Benefits from a long-term 35-year 421-a tax exemption with 23 consecutive years of 100% full exemption remaining, suppressing 2026/27 annual real estate taxes to just $552
Fed Holds Rates Steady After September Increase: Capital Markets Monthly
OCT
29
At its October meeting, the Federal Open Market Committee (FOMC) voted 10-2 to maintain the target range for the federal funds rate at 3.75% to 4.00%, with two members voting to raise rates by a quarter percentage point. Policymakers approved a 25 basis point increase at their last meeting in September.
