I would agree with Inigo, but this is a CONDO, not a co-op. Totally different animal. The majority of condo conversions do have 75% or more units converted at the outset. The fact that renters are still in the building does not make it any more risky. More important to examine the taxes, common charges, etc. and make sure everything is viable, and make sure the sponsors are able to perform.

Posted by: rufus at October 12, 2008 6:29 PM in response to One Sunset Park Hits the Market

I also saw the model. I agree that it looks really good. It does have some nice amenities for this price, like the washer/dryer. Most buildings in Sunset Pk have no elevator, so that's a big plus. I think the area will come around.

Posted by: rufus at October 11, 2008 10:31 PM in response to One Sunset Park Hits the Market