What does 'right of first refusal' mean when you are selling a NYC condo?

… A New York City condo board has limited ways to exercise control over … is called the right of first refusal This is an option to buy a condo from a seller at the same price as the sales … short sales or a foreclosure by allowing the condo board to buy at the lower price and resell it at a fair market value …

By Emily Myers |September 7, 2023 - 2:30PM