The Real Deal New York

No buyers sign Obama contingency clause contracts

November 04, 2008 11:49AM
By Sara Polsky

No buyers have taken developer Erik Ekstein up on his offer to include an “Obama contingency clause” in contracts signed before today’s presidential election at Ekstein’s Chelsea condo tower, a spokesperson for the building said. The clause, which could be applied to units at +Art, at 540 West 28th Street, would have allowed purchasers to back out of their deals in the event of a McCain victory. But the option “definitely increased” traffic through the +Art sales office, the spokesperson said. Units in the building start at $520,000.

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