Photo: Jennifer Breu
Manhattan is an island, so the amount of property for sale can’t change all that much, right? Wrong.
Not only can little buildings be replaced with big buildings, but rental buildings can be converted to condominiums. Both are happening fast in Manhattan right now, and both are contributing mightily to the available inventory. What does all that mean for buyers and sellers?
The latest episode of the TrueGotham podcast delves into the issue.
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