StreetNoise

Extell to pay condo buyers' common charges, demand for LIC takes off, & more

By Jennifer White Karp | December 3, 2018 - 11:00AM 

Demand is so intense for Long Island City in the wake of the Amazon HQ2 announcement that one broker is leading neighborhood tours of mostly Chinese prospective investors seven days a week. (New York Post)

To lure New York City condo buyers, Extell Development will pay three to five years worth of common charges for any apartment bought by the end of the year (The Real Deal)

Finally, a judge approved a plan to rid NYCHA apartments of toxic mold (New York Daily News)

Luxury sellers are lowering their expectations—and their asking prices—in the new buyers' market (Wall Street Journal)

The toll of bias: Houses in black neighborhoods are undervalued by an average of $48,000, according to a new study by the Brookings Institute and Gallup (NY Magazine)

Governor Cuomo announced the organizations that will develop 2,700 units of affordable housing in Central Brooklyn (Brklyner)

Jennifer White Karp

Managing Editor

Jennifer White Karp steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in NYC real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC. She holds a B.A. from Wesleyan University and an MFA in nonfiction writing from the New School.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.
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