The new co-op building Beacon Towers in Harlem is offering a “stimulus
package” to buyers, giving them $300 every month for their first year
living in the building. “We saw how the government is trying to stimulate the economy on a
national level, so we are trying to stimulate it on a local level,”
said developer Frank Anelante, principal of Lemle & Wolff. The incentive will be offered to buyers until July 5, but Anelante
won’t be handing residents a $300 check every month; the developer said
$300 will be deducted from residents’ monthly maintenance fees. But in reality, residents can use the money as they wish.
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