#Nyc lockdown zip#

“The overall impact is just a combination of economic and psychological pain,” King added about a second shutdown.

There are some people that are waiting for the second coming. There are people that are waiting for a vaccine. “There’s some people that are waiting for an election.

“There’s a whole bunch of factors at play,” King said. So far, the measures have not impacted Brooklyn’s office market directly, but added yet another worry that makes companies unsure about signing deals, said Timothy King, managing partner at Brooklyn-based brokerage SVN CPEX Real Estate. As a result, some residents in Orthodox Jewish communities have taken to the street in protest, burning masks and, in one case, attacking a journalist.

#Nyc lockdown zip#

The new restrictions mean schools and nonessential businesses in some areas could be closed again, while outdoor and indoor dining will be stopped in all of the zip codes targeted by them. “But it’s something that we believe is necessary to keep this city from going backward toward where we were months ago.” “This will not be easy at all,” de Blasio said during a press conference earlier this month. The first week in October had a seven-day average of 520 infections citywide, close to what Mayor Bill de Blasio said was a key “threshold” of 550, The Wall Street Journal reported.Įarlier this month, de Blasio started to impose new restrictions on about 20 zip codes around the city - including those that contain Borough Park, Brooklyn, and Kew Gardens, Queens - affecting more than half a million New Yorkers. In recent weeks, neighborhoods around Brooklyn and Queens have started to see increases confirmed cases. People would be afraid to come into offices, afraid to come into the city.”

“The implications would be horrendous,” said Jeffrey Citron, a real estate lawyer at Davidoff Hutcher & Citron. However, as infections begin to creep up in some New York neighborhoods, fears of a second wave have started to emerge. It was no longer New York that had to worry the virus had been expelled from Gotham. More than 23,000 people died, office leasing nosedived, thousands of restaurants are expected to close, retailers have been filing for bankruptcy left and right, and there have been reports of residents fleeing to the suburbs.īut the restrictions started to ease in the late summer with workers heading back to office buildings and diners to restaurants, bringing some signs of life back to the real estate industry. Not that anybody was overlooking the collateral damage. SEE ALSO: Hoffman & Associates Establishes $65M Fund for Development Projects