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

… has limited ways to exercise control over sales in the building unlike a coop board which has much broader … fair market price it can lower the sales price of other apartments in the building Steven Goldschmidt director of … cannot be discriminatorymaking the right of first refusal largely unnecessary for coops In theory a coop could make …

By Brick Underground |May 16, 2024 - 2:30PM