Condos in New York City are becoming increasingly popular with investors. Last year, 10.7 percent of condos that sold throughout the city were listed as rentals within a few months, according to Bloomberg. The most popular building for this was 550 Vanderbilt at Pacific Park in Brooklyn. Investors are buying the units as bets that their underlying value will increase. They are also taking advantage of developers dropping prices to sell units before one of […]
source https://therealdeal.com/2018/06/29/at-these-nyc-buildings-newly-bought-condos-quickly-become-rentals/
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