Kids buying parental units

July 05, 2007 12:00AM

Some seniors are getting their own New York City apartments–on their child’s dime. At the Arbor, a condo in Riverdale, there were two separate cases of children buying units for their mothers when the sales office opened earlier this year, said Monica Klingenberg, executive vice president of the Marketing Directors, marketing and exclusive sales agent for the project. Though not yet common enough to be considered a trend, such arrangements seem to be becoming more popular. more By Lauren Elkies


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