Bubble Wrap

Conversions net pre-war condos

In Looking for a Pre-War Condo? The Search Is Getting Easier, the NY Sun explains that traditional conversions as well as recent hotel conversions have increased the inventory of pre-war condominiums.

An influx of available pre-war condominiums is reconfiguring city’s purchasing landscape, in which would-be homeowners pining after crown moldings, high ceilings, and herringbone floors have had little choice but to buy shares in cooperatives.

With well more than 1,000 pre-war units in former rental, hotel, and commercial buildings coming on the market over the next couple of years, buyers wishing to bypass co-op board red tape will no longer be forced to resign themselves to putting down roots in post-war or contemporary buildings.