From the May issue: If there’s one thing that residential real estate experts agree on, it’s that there’s demand for new development condos in New York City. But that demand doesn’t mean that everything is hunky-dory in the new condo market again.
In this month’s Q & A, The Real Deal talked to new development brokers, heads of new development marketing companies and industry analysts about the strength of the new development market and the challenges that still exist.
They all said there are encouraging signs in the sector and exciting new projects — like the Stahl Organization’s Laureate on the Upper West Side and the Related Companies’ MiMa on 42nd Street — that could be bellwethers for the market.
But buying a new condo remains complicated for buyers. [more]
Hunky-dory for new housing? Not yet
May 19, 2011 10:33AM
By Melissa Dehncke-McGill
