Bub's Profile
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March 9, 2008
Condos to Rentals: What Does It Mean?
I recently purchased a condo (new construction) near the Prospect Park area and I am likely to close within the month. However, I recently learned from my sales agent that 40% of the units in this development will be available as rentals. I suspect that this is probably due the the weak economic climate and such, and thus the developer probably could not unload the rest of the units. So is this a bad thing to have a condo development go 40% rental?