The Avery/West of Lincoln Center condos

Avery, similar to 120 Riverside was constructed as a rental but sold as a condo, as such the amenities will not compare to say, The Rushmore next door, which was built and sold as a Condo. Every building on Riverside blvd has seen increases and decreases in inventory, not much to make of that, and if you are buying with a several year time horizon as you should there will continue to be peaks and troughs of buyers and sellers. It's a great area, but before you buy see what's available both North and South of you.

Thanks very much Riversider. I am less concerned about the amenities (Say like having a pool) in the Avery and more concerned about all the sale activity in both this building and some of the others in the area. Are folks finally giving up on retail moving into that mini neighborhood? Had enough with the wall of wind you hear about on Riverside boulevard? Are people generally selling out while most of these buildings still have 4-6 years of tax abatements left so they don't get left hanging with higher RE taxes?

Nine out of 274 isn't a lot.

Look at who bought them originally. If lots of apparent flippers, then they're seeing stories in the paper about low inventory and figuring they may as well unload now.

If the ratio bothers you, then look at other buildings where there're fewer for sale or where apartments don't churn.

re people generally selling out while most of these buildings still have 4-6 years of tax abatements left so they don't get left hanging with higher RE taxes?

There is no generally, Everyone has different reasons for moving/selling. Job relocation, divorce, marriage, additional child, loss of job, taking profit, taking loss, preferred different neighborhood, etc Tax considerations are more likely around the 6th & 8th of the abatement.

Thanks for the thoughts on the volume of sales. Will try the neighborhood section for people's thoughts on that area of the city.