The Real Deal New York

Buildings with dangerously few sales

A TRD review found a number of NYC buildings where sponsors are hoarding units — and preventing re-sales

December 09, 2013 10:30AM
By Mark Maurer

060-061 Co-ops se FINAL.indd

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From the December issue: Owning a co-op or condominium unit sometimes carries a caveat: You might not be able to sell it. A building sponsor’s refusal to sell units can make it difficult, or even impossible, for residents to unload — or even refinance — their homes at market rates. [more]