The Real Deal New York

Fixer-uppers gain appeal

Brokers find more clients willing to consider older apartments that need renovation work
By E.B. Solomont | February 13, 2015 11:40AM

From the February issue: A key piece in a broker’s toolbox these days is an architect’s business card. Buoyed in some cases by fat Wall Street bonuses, buyers are increasingly willing to consider condos and co-ops that need work. That’s a marked difference from a few months ago, when homes that needed renovations were often considered too risky. The resurgent interest in the resale market is partly a result of sky-high prices for new development condos. [more]