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Crain's / Miller Samuerl - Continued Williamsburg Condo Glut, Manhattan not Much better...

Started by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008
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saw this in the print crains, article on attempting to sell condos as packages to investors. "In Manhattan, the inventory of unsold condos hit 5,469 last month, up 21% from year-earlier levels, according to appraisal firm Miller Samuel Inc. In Brooklyn, there were 1,678 units on the market last month, up 4$ from November, when Miller Samuel began trcking the borough's inventory. In Williamsburg alone, another 2,000 units are expected to come to market in the next two years". Ruh Row
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