Worth recently spoke with Douglas Elliman’s breakout broker Jessica Levine to get a timeline of the city’s real estate collapse, its rebound and what comes next.
Photo courtesy of Berenice Melis via Unsplash
While New York City was in the throes of the coronavirus pandemic, Douglas Elliman agent Jessica Levine (pictured below) was already assessing the fallout. As one of Elliman’s top brokers by transaction volume and gross commission income, overseeing her own imprint within the global real estate firm, Levine’s rolodex of high net worth clients suddenly put their real estate searches on hold, with some migrating to Miami and the Hamptons.
“Although New York was thought to be recession-proof during the past financial crisis, this time felt different. All the things that make Manhattan an international power hub like its art, culture and restaurant scenes were suddenly shut down,” recalls…