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Condos turning rental

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New developments planned as condos are turning into rentals, as the credit crunch and housing slowdown continue. East Harlem’s 18-unit condominium Bridges NYC North is transforming some of its space into commercial and residential rental properties instead of accepting low buying offers, and already has Wachovia as an anchor tenant. At 99 Gold Street in Dumbo, 192 Spencer Street in Clinton Hill and the Continental at 185 South 4th Street, condos are also going rental. The Real Deal looked at the slowdown of Harlem’s renaissance in this month’s issue.