The bulk condo and co-op market, explained

With $300 million in sales in 2014, the market for bulk units is gaining more attention
By Ariel Stulberg | October 16, 2015 09:06AM

From the October issue: Everyone knows, if you want to save money, buy in bulk. With prices for condos and co-ops in the stratosphere, bargain hunting these days is a challenge. But some investors have hit on a creative way to find value-priced properties: Buy multiple units in a single building.

The market for bulk-unit packages is a modest portion of New York real estate, data reviewed by The Real Deal shows. It can be difficult to track, and fluctuates widely, largely because with a market this small, one or two large transactions can skew the results, TRD’s analysis found. [more]