Hmmm.......I think this is a risky play at best. People are moving away from NYC in droves. The work at home environment is here to stay for a large number of corporations and businesses. There are much better options for "dead money" in my opinion. Hope I am wrong for your sake. Good luck....Who on this board thinks that NYC will recover from the COVID and domestic unrest twin crises? In spite of really poor elected governance, I believe it will.
I have invested in a NYC REIT, and am thinking about going all in on this theme, at least for a while. At worst, due to a correction it is dead money for a couple of years, but if the crisis ends as quickly as it came, this scenario could pay off big time.