To spur sales amid a tough market, Extell Development said it will waive common charges for up to a decade at One Manhattan Square, an 815-unit tower on the Lower East Side. Yes, 10 years. The unprecedented incentive is just the latest sign of how hard it’s become to sell new development condos in Manhattan, where inventory has been piling up amid weaker demand. “I’ve seen some pretty insane incentives before but that tops it […]
source https://therealdeal.com/2019/04/05/extell-is-waiving-up-to-10-years-of-common-charges-at-one-manhattan-square/
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