How can one get the same deal as a "vulture" fund?

I'd think that's possible if you have the money to make an offer to buy the whole building, cash or leveraged investment should make no difference to the seller.

nyc10023 - knew someone who did this at about the time you're speaking of (actually the infamous Dolly Lenz was flogging this type of deal- she was also doing it at the Future on 3rd avenue.

The only problem with buying in bulk in a small building is if you wind up with enough units so that you actually step into the sponsor's shoes. That is what happened to the people I knew who did this - they wound up making out alright, but there were many headaches in the process.

Probably not the same thing in a larger building . I would think there are brokers in the city who do this sort of thing for sponsors, just have no idea who's doing it now.

NYC10023 - and the people who did this were not a "vulture fund", just some people who had money to invest. I would think it can be done at the "retail" level, but the sticking point might be how many of the sponsor's unsold units you could buy vs. how many the sponsor needs to sell.

Smell, act, talk and drop poop whereever you go like a vulture. Feast on the overleveraged.

Meat's back on the table - lord of the rings.