New York’s Covid-fueled retail apocalypse hits condo and co-op owners

As luxury stores remain shuttered, the pandemic and economic fallout are sparking a rift among owners of residential and retail property in one of the country’s top real estate markets. For many condominium and co-op buildings in Manhattan, Brooklyn and Queens, adding spaces for retail tenants was good business. But as one of the toughest years in decades comes to a close, many of the cafes, gyms and shops in those spaces are struggling to

source https://therealdeal.com/2020/11/10/new-yorks-covid-fueled-retail-apocalypse-hits-condo-and-co-op-owners/