Sellers turn to the ‘bump clause,’ there could be up to 130,000 led-tainted NYCHA apartments, & more

By Donna M. Airoldi  | July 11, 2018 - 11:00AM

Sellers are turning to the “bump clause,” which allows certain sellers to keep marketing their apartment after entering into a contract, as NYC’s market cools (The Real Deal)

Mayor de Blasio acknowledged there could be up to 130,000 lead-tainted NYCHA apartments, nearly triple the original estimate (New York Post)

The final phase of a large affordable housing complex, Prospect Plaza in Ocean Hill, is nearing completion (Brownstoner)

The city’s Landlord Ambassadors affordability program helps owners of small buildings with financing, clearing code violations and hiring managers (City Limits)

How to use a line of credit for a co-op project and charge an assessment to pay it down (Habitat Magazine)

A second private island off the coast of Connecticut has hit the market in as many weeks. Rogers Island, 75 miles from New York City, can be yours for $25 million (Mansion Global)


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