There are pros and cons for boards and buyers when the sponsor sells an apartment.
After a brief surge, luxury sales enter bear market territory.
Artificially low price is allowed to stand — and board gets stuck with legal fees.
Two new developments will have strict income caps and resale limits.
June 03, 2022
Higher interest rates put a drag on demand, resulting in drop on closings.
Spur for affordable housing, derided as welfare for developers, appears doomed.
May 13, 2022
The sail-shaped Olympia Dumbo tower is shattering price records in Brooklyn.
April sales dipped for the first time in three months as interest rates rise to fight inflation.
Tenant Protection Act has made conversions much more difficult for developers.
April 05, 2022
The market for Manhattan apartments keeps roaring along.