More Pain On The Horizon For New York's Scuffling Luxury Condo Market

Developers’ rush to build ritzy condominiums over the last few years caused a well-documented oversupply in the city. Sponsors and sellers at the high end have been forced to cut prices and offer incentives to score buyers — and there is little suggestion the challenges will ease any time soon….

A perfect storm of regulations, taxes and excess supply means there could be more struggles ahead for New York City’s troubled luxury residential market. Developers’ rush to build ritzy condominiums over the last few years caused a well-documented oversupply in the city. Sponsors and sellers at the high end […]

$
$
$

Your contribution is appreciated.

Make a Donation

BK Reader is brought to you for free daily. Please consider supporting independent local news by making a donation here. Whether it is $1 or $100, no donation is too big or too small!

Leave a comment

Your email address will not be published. Required fields are marked *