I agree with you. Overall, NYC is still better than anywhere else (especially compared to Seoul, Korea) and I also believe that overall, things will get back to normal as early as the end of this year.
I stay at my place in the UWS once a week and it’s busy and my neighbors are traveling already. lol
I’m very fortunate that my few commercial tenants in NYC have paid their rent in full during this pandemic.
In K-town (32nd Street), half of the Korean business owners are struggling financially. But they are remaining strong and positive. Many owners are also delivering food to help cut cost.
The deli owners are struggling because they make most of their money from the buffet (huge profit margin for them too) and because most office workers are working from home and many constructions coming to a halt, their revenue has dropped by half. Also, most New Yorkers are no longer paying $15 for a sandwich and drink. They’d rather spend $5 for two slices of pizza and a can of soda. So it’s a struggle for deli owners.
Laundromat owners are doing fine especially those who know how to fix the washers and dryers.
For dry cleaning owners, their business is down around 25% because most office workers are not dropping off their suits and business attire since they’re working from home.
Pizzeria owners are doing well. Several owners I know are profiting at least $2K a day. So good for them.
Some of my friends are landlords of amps and last year, quite a few of them were behind on their rent. But have rebounded and business is slowing growing for them. So good for them.
As for the Yankees, they don’t look good. lol.
I stay at my place in the UWS once a week and it’s busy and my neighbors are traveling already. lol
I’m very fortunate that my few commercial tenants in NYC have paid their rent in full during this pandemic.
In K-town (32nd Street), half of the Korean business owners are struggling financially. But they are remaining strong and positive. Many owners are also delivering food to help cut cost.
The deli owners are struggling because they make most of their money from the buffet (huge profit margin for them too) and because most office workers are working from home and many constructions coming to a halt, their revenue has dropped by half. Also, most New Yorkers are no longer paying $15 for a sandwich and drink. They’d rather spend $5 for two slices of pizza and a can of soda. So it’s a struggle for deli owners.
Laundromat owners are doing fine especially those who know how to fix the washers and dryers.
For dry cleaning owners, their business is down around 25% because most office workers are not dropping off their suits and business attire since they’re working from home.
Pizzeria owners are doing well. Several owners I know are profiting at least $2K a day. So good for them.
Some of my friends are landlords of amps and last year, quite a few of them were behind on their rent. But have rebounded and business is slowing growing for them. So good for them.
As for the Yankees, they don’t look good. lol.