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Buying in Bulk—A New Strategy for Condo Purchases (NY)

/ Owner - March 30, 2021

As developers struggle to offload excess condo inventory in an oversaturated market that at least partially stalled at the onset of the coronavirus pandemic, it is widely reported that investors and mezzanine lenders have swooped in with offers to buy units in bulk. While experts say that the steep discounts being proposed render most of these offers DOA, some transactions have gone through; the latest being the bulk sale of 10 units at Gramercy Park’s Rutherford Place.    Read the entire article……………………………….

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