Rockrose offers buy-back guarantee in LIC

December 08, 2008 08:15AM

At the new condo View at East Coast, Rockrose Development is offering a five-year money-back guarantee to buyers. Rockrose is promising buyers that it will buy back the apartments in the building, at 4630 Center Boulevard between 48th and 49th avenues in Long Island City, for 110 percent of the sales price in five years. Under the guarantee, on the fifth anniversary of the closing, buyers will have 90 days to return their apartments to Rockrose, and will have to pay all the closing costs. Just 18 of 184 units have gone to contract since the View went on the market last summer.


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